Loan Eligibility Calculator
Banks look at how much of your income can safely go to EMIs. This tool estimates the loan amount you may qualify for from your monthly income and existing obligations.
- Free
- No signup
- Private: runs in your browser
- Works on mobile
Loan Eligibility Calculator tool
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Example
With the default values shown in the tool, the results look like this:
- Affordable EMI
- ₹35,000
- Estimated eligible loan
- ₹39,60,572
- Total interest at this EMI
- ₹44,39,428
How to use Loan Eligibility Calculator
- Enter your values in the fields above.
- The result updates instantly as you type or change an option.
- Copy the result or note it down. Nothing is saved on our servers.
Why use DocConvertPRO?
- Free to use with no signup or watermark.
- Everything runs in your browser. Your input is not uploaded.
- Works on phones, tablets and computers.
- Made for Indian users: rupees, lakh/crore formats and local use cases.
About this tool
The calculator takes your net income, subtracts existing EMIs from the maximum EMI share (called FOIR), and converts the affordable EMI into a loan amount using the reducing-balance formula.
Actual eligibility also depends on your credit score, employer, age and the lender’s own policy.
Frequently asked questions
What is FOIR?
Fixed Obligation to Income Ratio: the share of monthly income that can go towards EMIs. Many lenders use 40% to 55%.
Is this the amount the bank will sanction?
No. It is an estimate. Banks also check credit score, job stability, property value and other factors.
How can I improve eligibility?
Clear existing loans, add a co-applicant with income, improve your credit score, or choose a longer tenure.