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Borrowing Capacity Engine

Loan Eligibility Calculator

Determine your maximum borrowing limit, eligible loan amount, and affordable EMI based on your net monthly salary and existing obligations.

₹ 50,000
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Eligibility Assessment

20 Yrs (240 Mo)
Maximum Eligible Loan: ₹ 28,81,000
Allowable Monthly EMI (50% FOIR): ₹ 25,000
Total Interest Payable: ₹ 31,19,000
Total Repayment (Principal + Interest): ₹ 60,00,000
Banking Standard: Calculations assume a 50% FOIR (Fixed Obligation to Income Ratio). Approval limits may vary based on your CIBIL credit score, age, property valuation, and specific lender guidelines.

Frequently Asked Questions

1. What is FOIR and how does it affect my loan eligibility?
FOIR stands for Fixed Obligation to Income Ratio. Most Indian banks allow maximum monthly EMIs up to 50% of your net salary. If you already have existing loans, your new loan eligibility decreases proportionally.
2. Does a higher tenure increase my maximum eligible loan amount?
Yes. Opting for a longer repayment tenure spreads your loan repayment over more months, lowering the per-month EMI and allowing banks to sanction a higher overall loan amount.
3. Can adding a co-applicant boost my borrowing capacity?
Yes. When you add a working co-applicant (such as your spouse or parents), their monthly income is combined with yours, significantly increasing your total loan limit.