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Loan Eligibility Calculator

Estimate the maximum loan amount a lender is likely to approve based on your income and existing debt obligations — a lender's-side view of borrowing capacity, using common income-multiple and obligation-ratio methods.

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How to Use Loan Eligibility Calculator
  1. 1Enter your monthly income
  2. 2Enter your existing monthly loan/EMI obligations, if any
  3. 3Enter the interest rate and tenure you're considering
  4. 4Click Calculate to see your estimated maximum eligible loan amount
Frequently Asked Questions

Eligibility estimates what a lender is likely to approve based on income and existing obligations. Affordability instead reflects what EMI you're personally comfortable paying, which is often more conservative than the eligible maximum.

Common factors include monthly income, existing loan/credit card EMIs (debt obligations), credit history, employment stability, and the loan tenure requested — lenders combine these into their own approval formula.

It's the proportion of your monthly income already committed to existing debt payments. Lenders typically cap how much of your income can go toward all EMIs combined, including the new loan.

Often yes, since a longer tenure produces a lower EMI for the same loan amount, which can fit within the income-ratio limits lenders apply — though total interest paid also rises.

No, this is an estimate based on common methods lenders use. Actual approval depends on the specific lender's policies, your credit score, and full application review.

Related Tools

EMI Calculator

Calculate the fixed monthly installment for any type of loan from its principal, interest rate, and tenure — a general-purpose EMI calculator that works for any loan category.

Home Loan EMI Calculator

Calculate the monthly EMI for a home loan, a long-tenure loan secured against the property being purchased, from the loan amount, interest rate, and tenure.

Loan Affordability Calculator

Work out the loan amount you can comfortably afford by starting from the EMI that fits your monthly budget, rather than starting from a loan amount and checking if the EMI fits.

Loan Comparison Calculator

Compare two or more loan offers side by side — EMI, total interest, and total repayment — to see which one actually costs less, since the lowest interest rate isn't always the lowest total cost.

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