Borrowing Capacity
Loan Eligibility Calculator
Determine the maximum loan amount you can borrow from commercial banks and NBFCs based on your monthly take-home income, existing loan commitments, interest rate, and standard Fixed Obligation to Income Ratio (FOIR).
Income & Obligations Bank FOIR Method
Credit card dues, car loan, personal loan EMIs.
Eligibility Result
Maximum Loan Eligibility
₹ 31,69,451
Maximum Available EMI:
₹ 27,500
Applied FOIR Limit:
50%
How Banks Evaluate Borrowers:
Indian lenders evaluate borrower capacity through the FOIR rule. They ensure that all existing and newly sanctioned EMIs do not exceed 50-60% of net monthly take-home salary.
What is FOIR (Fixed Obligation to Income Ratio)?
FOIR represents the percentage of your monthly income that goes toward servicing fixed debt obligations, including credit card minimum payments, personal loans, car loans, and proposed new home loan EMIs.
Max Available EMI = (Net Monthly Salary × FOIR %) - Existing EMIs
You can increase your loan eligibility by adding a earning co-applicant (such as your spouse or parent), closing active short-term personal loans, or choosing a longer repayment tenure.