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Loan Eligibility (estimate)

Rough FOIR ceiling → max EMI → loan using the same amortization math as EMI. Lenders use many more signals.

Adjust values — results update instantly

Eligible principal (indic.)

₹50,01,522.93

Implied max new EMI

₹45,000

How it works

Max new EMI ≈ (net income × FOIR) − existing EMIs. Eligible principal is the loan amount that produces that EMI at your assumed rate and tenure.

Example

₹1,20,000 income, ₹15,000 existing EMI, 50% FOIR, 9% for 20 years → eligible principal is derived from max EMI.

Frequently asked questions

Do all banks use the same FOIR?
No. FOIR varies by lender, product, credit score, and co-applicant income.
Is property value considered?
Real eligibility also depends on LTV, legal clearance, and income proof. This tool only models income-based EMI capacity.

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Results are indicative only and not financial, tax, or medical advice. Verify important decisions with qualified professionals or official sources.