01
Enter income and obligations
Add your net monthly income, any co-applicant income, and your existing EMIs and fixed obligations.
Loan Eligibility Calculator
See how much loan you qualify for on your income (FOIR).
Updated Reviewed by Sajid Hussain· Editor
Try it with your numbers
Results update in real time as you type — no submit needed.
Your numbers
Loan Eligibility bills sellers in Indian Rupee (INR), so this calculator works in INR — not your selected US Dollar ($). Every figure below matches your real Loan Eligibility statement. Localised USD marketplaces are coming soon.
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June 14, 2026
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Loan Tool
What Is a Loan Eligibility Calculator?
A loan eligibility calculator estimates how much loan you can get from your income. It applies the FOIR method lenders use — capping your EMIs at a share of income — and converts the room left into a loan amount.
**It uses the FOIR lenders apply.** Your net income times the FOIR is the most your EMIs can total. Subtract your existing obligations and what remains is the EMI you can still take on.
**It works back to a loan amount.** From that affordable EMI, your interest rate and tenure, the calculator reverse-solves the largest loan you qualify for — the same maths a lender runs.
**It shows your current burden.** The current-FOIR figure reveals how much of your ratio is already used by existing EMIs, so you can see how much headroom is left.
**It reveals the levers.** A co-applicant, a longer tenure, a lower rate, or clearing an existing EMI each raises eligibility — the calculator lets you test every one of them instantly.
Quick facts
- Method
- FOIR
- Typical FOIR
- 40–55%
- Income basis
- Net (take-home)
- Boosts eligibility
- Co-applicant
- Longer tenure
- Larger loan
- Free to use
- No sign-up needed
How It Works
Check Your Loan Eligibility in Three Steps
02
Set the FOIR, rate and tenure
Choose the FOIR your lender uses and the interest rate and tenure of the loan you want.
03
See how much you qualify for
See the eligible loan amount, the EMI you can afford, and how much of your FOIR is already used.
Steps to use the Loan Eligibility Calculator: Enter income and obligations, Set the FOIR, rate and tenure, See how much you qualify for.
The Formula
How Loan Eligibility Is Worked Out
01
EMI capacity
Allowed EMI = net income × FOIR%
The FOIR caps the total of all your EMIs at a share of net income — most lenders use 40–55%.
Example: ₹1,00,000 × 50% = ₹50,000
02
Affordable new EMI
Max EMI = allowed EMI − existing obligations
Your existing EMIs and fixed obligations are subtracted; what is left is the EMI you can still take on.
Example: ₹50,000 − ₹10,000 = ₹40,000
03
Eligible loan
Loan = EMI × ((1+i)^N − 1) / (i × (1+i)^N)
The affordable EMI is reverse-solved into a loan amount at your rate (i, monthly) and tenure (N, months).
Example: ₹40,000 at 9% for 20 yr → ₹44.46 lakh
Worked Example
Walkthrough (₹1L income, ₹10k EMIs, 50% FOIR, 9%, 20 yr)
Currency note: the example below uses a benchmark scenario priced in Indian Rupee (INR). Values are converted to US Dollar (USD) at the latest exchange rate so you can compare against your own numbers.
Scenario
A ₹1 lakh net income with ₹10,000 of existing EMIs, at a 50% FOIR, applying for a loan at 9% over 20 years.
1
Step 1 · EMI capacity
At 50% of ₹1,00,000, all EMIs can total this much.
Allowed EMIs = $50,000.00
2
Step 2 · Room for a new EMI
Subtracting the ₹10,000 of existing EMIs leaves the affordable new EMI.
Affordable EMI = $40,000.00
3
Step 3 · Eligible loan
That EMI at 9% over 20 years reverse-solves to a loan amount.
Eligible loan = $4,445,920.00
The takeaway
On a ₹1 lakh income with ₹10,000 of EMIs at a 50% FOIR, you qualify for about $4,445,920.00 — and only $10.00 of your ratio is used so far. A co-applicant or a longer tenure would push the eligible amount higher.
By FOIR
Eligible Loan on ₹1L Income (9%, 20 yr, ₹10k Existing EMIs)
| Metric | Poor | Average | Good | Excellent |
|---|---|---|---|---|
FOIR 40% EMI room ₹30,000 | ~₹33.3 lakh | |||
FOIR 50% EMI room ₹40,000 | ~₹44.5 lakh | |||
FOIR 55% EMI room ₹45,000 | ~₹50 lakh | |||
Tenure 30 yr (FOIR 50%) Longer tenure, lower EMI | ~₹49.7 lakh |
Comparison
Calcrux vs Bank vs Generic Calculators
| Feature | Calcrux (Free) | Bank Calculator | Generic |
|---|---|---|---|
| Eligible loan from income (FOIR) | |||
| Co-applicant income | |||
| Shows your current FOIR used | |||
| Disposable income after EMIs | |||
| Flags an over-limit FOIR | |||
| No sign-up or lead capture | |||
| Free |
Common Mistakes
Eligibility Mistakes to Avoid
Using gross instead of net income
Why it matters
Lenders apply the FOIR to net (take-home) income. Using gross overstates how much you can borrow.
Fix
Enter your in-hand monthly salary after tax and deductions, not your CTC or gross.
Forgetting existing obligations
Why it matters
Current EMIs, card minimums and insurance premiums all reduce the room for a new EMI under the FOIR.
Fix
Add every fixed monthly obligation; the calculator subtracts them from your EMI capacity.
Assuming eligibility equals approval
Why it matters
A high eligibility figure does not guarantee sanction — credit score, age and property value all matter.
Fix
Treat the result as an income-based estimate and check your credit profile before applying.
Maxing out the FOIR
Why it matters
Borrowing right up to the FOIR ceiling leaves no buffer for rate rises or emergencies.
Fix
Aim below the cap; check the disposable-income figure to confirm the EMI is genuinely comfortable.
Ignoring the tenure trade-off
Why it matters
A longer tenure boosts eligibility but multiplies total interest — bigger is not always better.
Fix
Use the longer tenure to qualify, then run the EMI calculator to see the interest it really costs.
Pro Tips
Improve Your Loan Eligibility
Add a co-applicant
A spouse or parent's income is added before the FOIR, often lifting eligibility substantially.
Clear small loans first
Closing a small existing EMI frees up FOIR room and can raise the new loan you qualify for.
Stretch the tenure to qualify
A longer tenure lowers the EMI, so the same income supports a bigger loan — then prepay later.
Build your credit score
A strong score can earn a higher FOIR and a lower rate, both of which raise eligibility.
Keep a buffer
Borrow below the FOIR cap so the EMI stays comfortable if rates rise or income dips.
Who Uses This
Who Uses This Loan Eligibility Calculator
The Loan Eligibility Calculator works across every stage of the workflow.
First-time home buyers
Someone checks the home loan their salary supports before shortlisting properties.
Joint applicants
A couple adds both incomes to see how much more they qualify for together.
Borrowers with existing EMIs
Someone with a car loan checks the room left for a new home or personal loan.
Personal-loan seekers
A borrower estimates the personal loan their income and obligations allow.
Anyone budgeting a big purchase
Someone tests how tenure and a co-applicant change the loan they can afford.
Glossary
Key Eligibility Terms
Every important term you'll encounter in this calculator and the broader topic.
- FOIR
- Fixed Obligation to Income Ratio — your total monthly EMIs and fixed obligations as a percentage of net income, capped by lenders at around 40–55%.
- Net Income
- Your take-home monthly pay after tax and deductions — the income lenders apply the FOIR to.
- Fixed Obligations
- Recurring fixed payments — loan EMIs, insurance premiums and credit-card minimums — counted in FOIR. Variable spending is excluded.
- Co-applicant
- A second applicant whose income is added to yours, raising the total EMI capacity and so the loan you qualify for.
- Eligible Loan Amount
- The largest loan your affordable EMI can support at the chosen interest rate and tenure.
- Loan-to-Value (LTV)
- The share of a property's value a lender will finance — a separate cap that can limit a home loan beyond FOIR.
Help & answers
Frequently asked questions
Everything you need to know about how the Loan Eligibility Calculator works.
01What is a loan eligibility calculator?
It estimates how much loan you can get based on your income. Using the FOIR method, it finds the largest EMI you can carry after existing obligations, then works back to the loan amount at your chosen rate and tenure.
02What is FOIR?
FOIR is the Fixed Obligation to Income Ratio — your total monthly EMIs and fixed obligations as a percentage of net income. Lenders cap it (usually 40–55%) to make sure your repayments stay affordable.
03How is loan eligibility calculated?
Multiply your net income by the FOIR to get the most your EMIs can total, subtract existing obligations to get the EMI you can still take on, then convert that EMI into a loan amount at the chosen rate and tenure.
04How much loan can I get on a ₹1 lakh salary?
At a 50% FOIR with ₹10,000 of existing EMIs, you can carry a ₹40,000 EMI — about ₹44.5 lakh over 20 years at 9%. Fewer existing EMIs, a longer tenure, or a co-applicant raise this.
05Does the calculator use gross or net income?
Net income — your take-home pay after tax and deductions. Lenders apply the FOIR to net, not gross, income, so enter your in-hand monthly salary for an accurate estimate.
06What counts as existing obligations?
Your fixed monthly commitments: EMIs on other loans, insurance premiums, and credit-card minimum payments. Variable spending like groceries, rent or utilities is not counted in FOIR.
07How can I increase my loan eligibility?
Add a co-applicant's income, choose a longer tenure to lower the EMI, close or reduce existing EMIs, or improve your credit score. A lower interest rate also lets the same EMI support a bigger loan.
08Does tenure affect how much loan I can get?
Yes. A longer tenure spreads the loan over more months, so the EMI for a given amount is smaller — meaning your affordable EMI supports a larger loan. It costs more total interest, though.
09What FOIR do banks use?
Most banks allow a FOIR between 40% and 55% of net income. They may go higher for high earners with strong credit, and lower for those with thin or weak credit profiles. Use the ratio your lender quotes.
10Is loan eligibility the same as loan approval?
No. Eligibility is an income-based estimate of how much you could borrow. Actual approval also depends on your credit score, age, employer, the property value (loan-to-value), and the lender's own policy.
11Does a co-applicant increase eligibility?
Yes, significantly. A co-applicant's net income is added to yours before the FOIR is applied, raising the total EMI you can carry and so the loan you qualify for. Enter their income in the co-applicant field.
12How does my age affect loan eligibility?
Age caps the tenure. Lenders need the loan to finish by about 60–70, so an older borrower gets a shorter term — which raises the EMI and lowers the eligible loan. Enter your age and the calculator trims the tenure automatically when it would run past 70.
13Is this loan eligibility calculator free and accurate?
Yes — it is free, needs no sign-up, and uses the standard FOIR method lenders apply. Treat it as a close estimate; confirm the exact FOIR, rate and policy with your lender before applying.
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