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Loan Eligibility Calculator

Find out how much loan you can get based on your income and existing obligations

✅Your Financial Profile

₹

In-hand salary after tax & PF deductions

₹

Total of all current loan EMIs you pay monthly

🎯Your Eligibility

Maximum Loan Eligibility
₹54,80,000
FOIR (Income to EMI Ratio)50%
Max Affordable EMI₹40,000
Max Tenure30 years
Recommended EMI (40% FOIR)₹32,000
Safe Loan Amount₹43,84,000

Frequently Asked Questions

What is FOIR? +
FOIR (Fixed Obligations to Income Ratio) = (Total EMIs + Existing EMIs) / Monthly Income. Banks allow max 50-65% FOIR. For safe finances, keep below 40%. If income ₹80K and EMIs ₹32K, FOIR = 40% (safe).
How banks calculate loan eligibility? +
Banks consider: (1) Income (50-65% FOIR), (2) Age (loan tenure ≤ retirement age), (3) Credit score (CIBIL 750+ for best rates), (4) Job stability, (5) Existing debt. Higher income + good CIBIL + stable job = higher eligibility.
How to increase loan eligibility? +
(1) Add co-applicant (spouse income), (2) Improve CIBIL score above 750, (3) Reduce existing EMIs, (4) Choose longer tenure, (5) Show variable income (rental, freelance), (6) Apply with bank where you have salary account, (7) Show fixed deposits as collateral.
What is good CIBIL score? +
300-549: Poor (loan denied). 550-649: Fair (high interest). 650-749: Good (approved with average rates). 750-799: Very Good (best rates). 800-900: Excellent (premium offers). Check free at cibil.com once a year.
Why my eligibility lower than expected? +
Common reasons: Low CIBIL (<700), high existing EMIs, less job experience, recent job change, multiple loan inquiries (each lowers CIBIL), unpaid credit card dues, defaults in past. Fix these before applying.
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Important Financial Disclaimer

This calculator is for informational purposes only. Results are estimates and should NOT be considered as financial advice.

  • 💼 Consult your bank or financial advisor before any loan decision.
  • 📊 Bank rates shown are indicative. Your actual rate depends on credit score, income, employment.
  • 📋 Calculations may not include processing fees, GST, prepayment charges, late fees, insurance.
  • ⚖️ Loan eligibility criteria vary across banks. Check official website for current terms.
  • 🔄 Interest rates change frequently based on RBI repo rate. Verify before applying.

By using this calculator, you agree that KaamKaTool.in is not liable for any financial decisions or losses based on this information.