Loan Eligibility Calculator India 2026

Use our advanced loan eligibility calculator to check how much loan you can get based on salary, compare home loan banks India, and download your report instantly.

Personal & Income Details

Employment

Age (Years)

Monthly Net Salary

₹

₹10k₹5L

Other Monthly Income

₹

₹0₹2L

Existing Monthly EMIs

₹

₹0₹2L

Loan Parameters

Target Interest Rate

5%20%

Loan Tenure

Yrs

1 Yrs30 Yrs

Credit Score

300900

Maximum Eligible Loan Amount

₹0

Eligible EMI: ₹0 / mo

0% FOIR

Eligibility: Checking...

Analyzing data.

Income Analysis

Total Monthly Income ₹0

Bank FOIR Limit 0%

Max EMI Capacity ₹0

Existing EMIs -₹0

Available for New EMI ₹0

Repayment Summary

Principal Amount

₹0

Total Interest

₹0

Total Payment ₹0

Compare Top Banks

Rates editable. Auto-sorted.

Bank	Interest Rate	Monthly EMI	Total Interest	Total Payment

🏆 Best Option: Calculating...

Amortization Schedule

To calculate your loan and download a detailed amortization schedule in PDF, you can use our EMI Calculator.

Month	Principal (₹)	Interest (₹)	Total Payment	Balance (₹)

Year 1

Disclaimer: This calculator provides an estimate based on standard FOIR practices. Your actual loan eligibility, final interest rate, and loan approval depend entirely on the internal policies of the bank, your credit history (CIBIL score), and property valuation. We do not guarantee any loan approvals. Please contact your respective bank for exact details.

Understanding Loan Eligibility

Loan eligibility primarily depends on your net salary, existing EMI obligations, credit score, and the FOIR (Fixed Obligation to Income Ratio) limit. Use our FOIR loan calculator to instantly view your borrowing power.

As the best loan eligibility calculator India offers, this tool provides an accurate salary based loan eligibility check. Use our EMI capacity calculator India to discover your loan eligibility by income. Furthermore, you can seamlessly compare home loan banks India and perform a lowest EMI bank comparison to ensure you find the best bank for home loan 2026.

Professional Loan Formula (Bank Standard)

P = EMI × [ (1 + r)ⁿ - 1 ] / [ r(1 + r)ⁿ ]

Where:
P = Eligible Principal Loan Amount
r = Monthly Interest Rate (Annual Rate / 12 / 100)
n = Loan Tenure in months

Frequently Asked Questions

1. What is FOIR?

FOIR stands for Fixed Obligation to Income Ratio. It is the percentage of your monthly income that goes toward paying debts. Banks typically allow a FOIR ranging from 40% (for lower incomes) up to 65% (for higher incomes).

2. How do banks calculate eligibility?

Banks use your net income to find max FOIR, deduct existing EMIs to find max eligible new EMI, and apply the reverse-EMI formula based on the prevailing interest rate and tenure.

3. Which bank gives the lowest EMI?

The lowest EMI typically comes from the bank with the lowest interest rate and maximum tenure limit. Check our dynamic comparison table above, which sorts live to highlight the best deal.

4. What is the minimum salary required for a loan?

Typically, a minimum net monthly salary of ₹15,000 to ₹25,000 is required for a personal or home loan, depending on the bank's internal policies.

5. Does my CIBIL score affect my loan eligibility?

Yes, absolutely. A good CIBIL score (750 or above) helps you secure a loan easily and at lower interest rates. A poor score may lead to loan rejection or higher interest rates.

Who Can Use This Calculator?

Salaried employees planning a budget
Self-employed professionals assessing finance
Home loan applicants checking limits
Personal loan applicants verifying EMI

Try our other powerful financial tools: EMI Calculator, SIP Calculator, Salary Calculator, FD Calculator, NPS Calculator, Percentage Calculator, and QR Code Generator Pro.

VK-ToolBox Finance