Loan Eligibility Calculator
FinanceFreeCheck how much loan any Indian bank will approve for you
Progressive FOIR: Home loans use income-based FOIR (50-55%). Other loans: Car 45%, Personal 40%, Education 45%.
EMI Validation: Rate + 0.5% stress test. EMI floor relative to eligible EMI (bank heuristic). Home/Car/Personal only; Education exempt (moratorium-based).
Tenure Caps: Home 30yr, Car 7yr, Personal 5yr, Education 15yr. Retirement age (60) caps Home/Car/Personal only.
Special Rules: EMI closing within 12 months gets 50% discount in multiplier (not FOIR). Loans rounded to ₹50k increments (bank style).
Multipliers: Home 60×, Car 36×, Personal 24×, Education 48× NDI.
Disclaimer: Indicative calculation only. Actual approval depends on credit score, bank policies, and documentation.
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About Loan Eligibility Calculator
Know exactly how much loan you qualify for before walking into a bank. ToolYapa's Loan Eligibility Calculator uses the FOIR (Fixed Obligation to Income Ratio) methodology used by Indian banks to compute the maximum loan amount for your salary, existing obligations, and chosen tenure.
How to use
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Select loan type: Home Loan, Car Loan, Personal Loan, or Education Loan.
- 2
Enter your monthly net take-home salary.
- 3
Add existing EMI obligations (existing loans, credit card minimum payments).
- 4
Set the preferred tenure.
- 5
See maximum loan amount, eligible EMI, and a bank-wise comparison table.
Who uses this tool
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Checking home loan eligibility before starting property search.
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Comparing how much different banks will lend for the same income.
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Understanding the impact of FOIR on borrowing capacity.
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Planning whether to foreclose an existing loan to increase eligibility.