Loan Eligibility Calculator: How Much Loan Can I Get?
Find the maximum home, car or personal loan you're eligible for from your monthly take-home salary, using the FOIR method Indian banks apply. See your maximum EMI and the income needed for a target loan.
Last updated: June 2026
Enter the total of all your current monthly EMIs.
Maximum eligible loan
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- Maximum EMI you can pay
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- FOIR applied
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- Your monthly income
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- Existing obligations
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- Available for new EMI
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Want a ₹50,00,000 home loan?
- Required EMI
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- Minimum monthly take-home
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- Minimum annual salary (approx)
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How to improve loan eligibility
- → Add a co-applicant (spouse income)
- → Close existing EMIs first
- → Maintain a credit score above 750
- → Choose a longer tenure (lower EMI)
- → Show all income sources
Current typical rates (2026)
- → Home loan: 8.5–9.5% (SBI 8.75%)
- → Car loan: 8.5–10%
- → Personal loan: 11–18%
Rates vary by lender, credit score and profile.
How much loan can you actually borrow?
Before you start house-hunting or shopping for a car, it helps to know your borrowing ceiling. A loan eligibility calculator answers the most practical question a borrower has — "how much loan can I get on my salary?" — by applying the same rule Indian banks use: the FOIR, or Fixed Obligation to Income Ratio. Lenders cap your total EMIs at roughly 50–60% of your monthly take-home pay, with the exact percentage rising as your income rises. Whatever is left after your existing EMIs is what you can devote to a new loan.
From that available EMI, the calculator works backward to a loan amount using standard amortisation maths, factoring in the interest rate and the tenure you choose. Because banks want the loan cleared before you retire, your age can shorten the maximum tenure — and a shorter tenure means a higher EMI and a smaller eligible loan. That's why a younger applicant on the same salary often qualifies for more. Switch between the home, car and personal loan tabs to see how the typical rate and tenure for each product change your eligibility.
Work it the other way too
If you already have a target — say a ₹50 lakh home loan — the reverse calculation shows the minimum salary you'd need to qualify, along with the EMI that loan would carry. It's a quick reality check before you apply, and a useful goal if you're a little short today. To borrow more, the most effective levers are adding a co-applicant to combine incomes, closing existing EMIs to free up FOIR room, keeping your credit score above 750, and choosing a longer tenure.
This is a planning estimate, not a sanctioned offer. Actual eligibility depends on your credit score, employer category, the bank's specific policy, property or vehicle valuation, and documentation. Use it to set a realistic budget, then confirm the exact figure with your lender. Everything here runs privately in your browser — your salary and obligations are never uploaded — and you can test as many scenarios as you like, free.
Financial Disclaimer: Results are estimates for informational purposes only and not a loan offer or financial advice. Actual eligibility depends on your credit score, lender policy, documentation and other factors. Figures use the standard FOIR method and typical 2026 rates; confirm with your bank before applying.
How it works
Three quick steps — no account, nothing uploaded to a server.
Choose your loan type
Pick home, car or personal — each sets a typical rate and tenure.
Enter income and EMIs
Add your take-home salary, existing EMIs, tenure, rate and age.
See your eligibility
Get your maximum loan, EMI, and the income needed for a target loan.
Lending rate context on this page can be verified against the Reserve Bank of India (RBI). Last checked July 2026.
FAQ
Frequently asked questions
How much loan can I get on my salary?
Indian banks typically let your total EMIs reach 50–60% of your monthly take-home salary — a limit called the FOIR (Fixed Obligation to Income Ratio). The exact share depends on your income band: roughly 50% if you take home under ₹50,000 a month, 55% between ₹50,000 and ₹1,00,000, and 60% above that. Your maximum loan is then the amount whose EMI (at the given rate and tenure) fits within that available portion of your income after any existing EMIs. Enter your figures above to see the estimate for a home, car or personal loan.
What is FOIR and why does it matter?
FOIR stands for Fixed Obligation to Income Ratio — the percentage of your monthly income that goes toward fixed debt repayments. Lenders use it to make sure you can comfortably afford a new EMI on top of your current obligations. If your salary is ₹80,000 and your bank allows a 55% FOIR, your total EMIs can be up to ₹44,000; subtract any existing EMIs and the rest is what you can put toward the new loan. A lower FOIR means more borrowing headroom.
How is loan eligibility different from an EMI calculator?
An EMI calculator works forward: you enter a loan amount and it tells you the monthly payment. A loan eligibility calculator works backward: you enter your income and it tells you the maximum loan you can borrow. Use eligibility first to learn your budget, then an EMI calculator to plan the repayment on the amount you actually take. This tool also reverses the maths to show the salary required for a specific target loan.
Does my age affect home loan eligibility?
Yes. Lenders want the loan repaid before you retire, so your maximum tenure is capped by your age — typically up to age 60 for home and personal loans and around 65 for car loans. A longer tenure lowers the EMI and increases the loan you qualify for, so a younger borrower can usually borrow more for the same salary. This calculator automatically shortens the tenure if it would otherwise run past the retirement age.
How can I increase my loan eligibility?
Add a co-applicant such as a working spouse to combine incomes, close or pay down existing EMIs to free up FOIR room, keep your credit score above 750, choose a longer tenure to reduce the EMI, and declare all income sources including bonuses, rent and incentives. Reducing your existing obligations and improving your credit profile are usually the fastest ways to qualify for a larger loan.
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