Loan Eligibility Calculator

↻ Updated 2026

Enter your income, existing EMIs, rate and tenure to see the maximum EMI you can afford (via FOIR) and the loan amount that EMI supports.

Educational calculators — always consult a licensed professional before making financial decisions.

Your inputs

Monthly income (net)

Existing EMIs

Current loan/card EMIs you already pay

FOIR (max EMI share)

Lenders usually cap total EMIs at 40–55% of income

Interest rate (p.a.)

Tenure

Eligible loan

₹38,90,073

over 20 yr

EMI you can afford

₹35,000

after existing EMIs

Total interest

₹45,09,927

at 9% p.a.

How your income is allocated

Existing EMIs₹15,000

New loan EMI₹35,000

Free income₹50,000

Breakdown

Monthly income₹1,00,000

Max total EMI (50% FOIR)₹50,000

Existing EMIs− ₹15,000

EMI available for new loan₹35,000

Eligible loan amount₹38,90,073

ASSUMPTIONS — Eligibility uses a FOIR (fixed-obligations-to-income ratio) of 50%: your total EMIs — existing plus new — are capped at ₹50,000. The available EMI of ₹35,000 is converted to a loan as the present value of that annuity at 9% p.a. over 240 months. Actual sanction also depends on credit score, employment, LTV and lender policy. Figures are indicative.

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Sources & rate references

·EMI = reducing-balance amortization; rates indicative

Rates, brackets and limits here are checked against primary sources. If a number still looks off, email support@realmoneyiq.com and we'll review and fix it.

RealMoneyIQ provides free educational calculators, not financial, tax, investment or legal advice. Results are estimates based on the assumptions you enter and publicly published rates; your actual outcome will differ. Always confirm decisions with a licensed professional who knows your full situation.