Loan Eligibility Calculator
Determine your maximum borrowing power, allowable debt obligations, and monthly repayment limits based on your take-home salary and standard bank FOIR ratios.
Adjust Parameters
Monthly credited in-hand salary after PF, TDS, and deductions.
Total existing monthly installment obligations.
Current benchmark lending rate for the loan type.
Longer tenure increases loan eligibility but increases total interest.
Based on 50% FOIR & 20 Years (240 Months) term
After ₹10,000 existing EMIs
50% of ₹1,00,000
Includes ₹49,90,766 interest
Breakdown
Total: ₹96,00,000| Category | Amount | Percentage |
|---|---|---|
| Eligible Loan Principal | ₹46,09,234 | 48.0% |
| Total Interest Outlay | ₹49,90,766 | 52.0% |
Borrowing Power Across Loan Tenures
Maximum loan amount at 8.5%% for available EMI capacity of ₹40,000/month
| Tenure | Eligible Loan Amount | Monthly Installment | Total Interest Payable | Total Repayment |
|---|---|---|---|---|
| 5 Years | ₹19,49,647 | ₹40,000 | ₹4,50,353 | ₹24,00,000 |
| 10 Years | ₹32,26,179 | ₹40,000 | ₹15,73,821 | ₹48,00,000 |
| 15 Years | ₹40,61,988 | ₹40,000 | ₹31,38,012 | ₹72,00,000 |
| 20 Years | ₹46,09,234 | ₹40,000 | ₹49,90,766 | ₹96,00,000 |
| 25 Years | ₹49,67,543 | ₹40,000 | ₹70,32,457 | ₹1,20,00,000 |
| 30 Years | ₹52,02,146 | ₹40,000 | ₹91,97,854 | ₹1,44,00,000 |
How Loan Eligibility (FOIR Method) is Calculated
Transparent mathematical formulas and assumptions used across our financial engines.
Variables & Legend
Conventions & Assumptions
- Indian banks (SBI, HDFC, ICICI, etc.) limit total monthly debt repayment obligations to between 40% and 55% of take-home income.
- Higher salary brackets (e.g. above ₹1.5 Lakh/month) often qualify for higher FOIR allowances (up to 60% or 65%).
- Co-applying with a working spouse or adding documented co-borrower income substantially increases your eligible loan sanction.
- Maintaining a high CIBIL score (750+) ensures you qualify for the lowest benchmark interest rates, which directly raises borrowing power.
Frequently Asked Questions
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