LOANS · CALCULATOR
Loan Eligibility Calculator
The largest loan you are likely to get from your income, existing EMIs, credit-card dues, co-applicant, age-based maximum tenure, credit score and (for a home) the RBI loan-to-value limit.
Breakdown
Growth over time
Year by year
How this is calculated
Banks let all EMIs together take up to about 50% of take-home pay (FOIR). Existing EMIs and about 5% of credit-card dues are counted first. Tenure is cut so the loan ends by 60 (salaried) or 65 (self-employed). A lower credit score usually means a higher rate. For a home, the RBI caps the loan at 90% of the property up to ₹30 lakh, 80% up to ₹75 lakh and 75% above.
What the letters mean: Room for EMI = (income + co-applicant income) × FOIR − EMIs − 5% of card dues. Loan = Room × [(1 + i)^n − 1] ÷ [i × (1 + i)^n], with i = monthly rate and n = months.
Timing: EMIs are paid at the end of each month (standard reducing-balance loan).
Default values: Monthly take-home income: ₹1.00 L · EMIs you already pay: ₹0 · Interest rate (p.a.): 8.5 % · Tenure you want: 20 yrs · Your age: 32 yrs · Credit score: 750+ · Co-applicant monthly income: ₹0 · Credit-card outstanding: ₹0 · Property value (home loan): ₹0 · Work: Salaried · Share of income banks allow for EMIs: 50 %
Results are estimates, not investment or tax advice. Real returns go up and down; interest rates, taxes and charges change the actual amount. Please check with a CA or the income tax portal before filing.