Loan eligibility calculator
Uses a simple educational affordability rule. Lender rules differ.
Formula
Affordable EMI = (Monthly income × Maximum debt ratio) − Existing EMIs. Loan amount is estimated from the EMI, rate, and tenure.
Worked example
Example: if income is ₹70,000, existing EMIs are ₹12,000, and you want to keep total debt within 50%, the affordable EMI estimate is around ₹23,000.
How to interpret the result
A larger loan amount does not always mean a safer borrowing choice. Always leave room for savings, rent, insurance, and variable monthly costs.
Important limitations
Actual lenders can use different debt-ratio rules, bureau checks, job profile checks, and product-level policies. This tool does not predict approval.
Frequently asked questions
Does this guarantee loan approval?
No. It is only a simple educational estimate.
Why use net income instead of gross?
Net income often gives a more practical view of actual monthly repayment ability.
Can lenders allow a higher ratio?
Sometimes, but that does not always mean the loan is comfortable for your budget.
Should I include all EMIs?
Yes. Existing debt payments should be counted realistically.
What if my income changes?
Then repayment capacity changes too, so review before borrowing.
Finance disclaimer
This calculator is for educational purposes only. It does not provide personalized financial, tax, legal, credit, or investment advice. Results are simplified estimates and may differ from actual bank, issuer, employer, lender, or tax outcomes.