Loan Eligibility Calculator
Estimate the maximum loan amount you could qualify for, based on your income, existing EMIs, and a lender's typical FOIR limit.
Max Loan Amount
₹34,45,493.57
- Max affordable EMI
- ₹31,000.00
Assumptions
- FOIR (Fixed Obligation to Income Ratio) limits vary by lender — 40-50% is commonly cited as a guideline, not a universal rule
How it's calculated
Max affordable EMI = (monthly income × max FOIR%) − existing EMIs. Max loan amount solves the amortization formula for principal given that EMI.
Worked example
A ₹80,000 monthly income with ₹5,000 in existing EMIs and a 45% FOIR limit gives a maximum loan amount shown live above.
Frequently asked questions
Will I definitely get approved for this amount?
No — actual lending decisions depend on credit score, employment type, and individual lender policy. This is an estimate based on a commonly cited FOIR guideline.