Loan Eligibility Calculator
Check your loan eligibility based on income, existing EMIs, credit score, and other factors
Adding co-applicant income can significantly increase loan eligibility
Retirement age: 60 years | Max tenure available: 25 years
Excellent - Best rates available
Eligible Loan Amount
₹37,56,085
Good eligibility
Income Distribution
Income Impact
₹75,000
Combined monthly income
Credit Score
750
Excellent
Age Factor
35 years
Max 25 years tenure
FOIR Status
50%
Maximum allowed for home
Improve Credit Score
Maintain credit score above 750 by paying EMIs on time and keeping credit utilization below 30%
Reduce Existing EMIs
Close or prepay existing loans to reduce monthly obligations and improve FOIR
Add Co-Applicant
Include spouse or family member as co-applicant to combine incomes and increase eligibility
Increase Down Payment
Higher down payment reduces loan amount needed and improves LTV ratio for better approval
Choose Longer Tenure
Longer tenure reduces monthly EMI and improves affordability, though total interest increases
Show Stable Income
Provide consistent income proof and employment stability for better lender confidence
Loan eligibility determines the maximum amount you can borrow from a lender based on various factors including your income, age, credit score, existing obligations, and the type of loan you're applying for. In India, lenders use the FOIR (Fixed Obligation to Income Ratio) method to calculate how much you can afford to repay monthly.
FOIR Explained
FOIR is the ratio of your total monthly EMI obligations to your gross monthly income. Most banks allow 40-50% FOIR depending on loan type. Higher FOIR means lower eligibility.
Credit Score Impact
Credit score above 750 is considered excellent. Below 650, loan approval becomes difficult. A good score can help you negotiate better interest rates.
Age Factor
Younger applicants get longer tenure options. For salaried, loan must be repaid before 60 years; for self-employed, before 70 years.
Income Calculation
Salaried: Net take-home salary. Self-employed: Average annual income from last 2-3 years ITR. Co- applicant income is fully considered.
Home Loan Eligibility
- • FOIR: Up to 50% of gross monthly income
- • Minimum credit score: 650 (750+ preferred)
- • Maximum tenure: 30 years
- • LTV ratio: Up to 80-90% of property value
- • Age limit: 21-65 years for salaried
- • Minimum income: ₹25,000/month for salaried
This calculator provides estimated loan eligibility based on standard parameters. Actual loan approval and amount depend on lender's internal policies, your complete financial profile, property valuation (for secured loans), and market conditions. Different lenders may offer different eligibility amounts. Always consult with multiple banks/NBFCs and a financial advisor before making loan decisions.