Enter the required information
Use the fields in the tool above and keep units and formats consistent.
Estimate the maximum home or personal loan your salary supports. Factors in existing EMIs, FOIR, interest rate and tenure, just like a bank would.
Estimated loan eligibility
โน51,81,230.93
Assumed EMI capacity
โน50,000
Loan eligibility results are estimates for planning and should be checked against current official rules or professional advice where applicable.
Before you shortlist a flat or a car, you need a realistic budget. Banks do not lend on what you want. They lend on what your income can safely repay each month after existing commitments.
This loan eligibility calculator estimates the maximum loan a lender may offer. Enter net monthly income, current EMIs, interest rate and tenure. It applies a typical income-to-obligation ratio and works backwards from the affordable EMI to a loan amount.
The key number is FOIR, or Fixed Obligation to Income Ratio. It is the share of net monthly income a lender lets go towards all EMIs combined. Many banks cap it between 40% and 60%, depending on income level and profile.
Several other factors move the final figure:
Rahul earns Rs 80,000 a month after deductions. He already pays a Rs 10,000 car loan EMI. His lender uses a 50% FOIR and offers a home loan at 8.75% for 20 years.
If Rahul closes his car loan first, the full Rs 40,000 is available. Eligibility jumps to roughly Rs 45.26 lakh. Stretching the tenure to 30 years with the car loan running gives about Rs 38.13 lakh. That shows how much existing debt drags down borrowing power.
The loan eligibility calculator gives a sound starting estimate, not a sanction. Each lender applies its own policy, and the final offer comes only after document checks. Running the numbers on ToolsMate first helps you approach banks with a clear budget.
Use the fields in the tool above and keep units and formats consistent.
Review the result shown in the output area.
Confirm that the result matches your situation before using it for a decision.
Estimated loan capacity is based on income, obligations, rate and tenure.This describes the core logic used by the tool. Check any assumptions that may affect your result.
Use accurate inputs and keep units consistent.
Review the assumptions before using the result for a decision.
Compare important results with an independent or official source.
At a 50% FOIR with no existing EMIs, you could afford a Rs 25,000 EMI. At about 8.75% for 20 years, that supports a loan near Rs 28 lakh. Your credit score, age and lender policy can push this up or down.
FOIR means Fixed Obligation to Income Ratio. It is the percentage of net monthly income a lender allows for all EMIs together. Most banks use 40% to 60%, with higher limits often given to higher earners and stronger credit profiles.
Yes, every running EMI is subtracted from the amount you can commit to a new loan. A Rs 10,000 car EMI can cut home loan eligibility by over Rs 11 lakh at typical rates. Closing small loans first often helps.
Yes, lenders combine the incomes of both applicants when assessing FOIR. A working spouse or parent can raise eligibility by a wide margin. Both applicants' credit scores are checked, so a weak score on either side can affect the final offer.
Most banks prefer a CIBIL score of 750 or above for the best rates and smooth approval. Scores between 650 and 750 may still qualify, often with a higher rate. Below 650, approval becomes difficult with mainstream lenders.
Lenders also check property valuation, age at loan maturity, employer category and internal risk rules. Home loans are capped at a share of the property value. Any of these can lower the sanction below your income-based estimate.
Banks usually work from net monthly take-home salary after PF, professional tax and TDS. Some also consider fixed allowances but exclude variable pay or bonuses. Self-employed borrowers are assessed on average income from recent income tax returns.
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