Loan Eligibility Calculator 2026
Find out exactly how much loan you can get based on banking FOIR rules
FOIR Standard
50%
of monthly income
Max EMI Allowed
₹25,000
for ₹50k salary
Safe DTI Range
Below 35%
high approval chance
Max Tenure
30 Years
for home loans
Your Financial Profile
Include all existing loan EMIs, credit card dues, etc.
You are eligible for a maximum loan of
₹ 18,50,000
Based on 50% FOIR banking rules.
Max New EMI Allowed
₹ 15,000
Banks allow up to 50% of your salary for total EMIs.
Approval Probability
High
Your existing debt is well within safe limits.
Current Debt-to-Income (DTI)
Portion of salary going to existing EMIs.
Smart Tips to Increase Eligibility
- • Clear Existing Debt: Pay off small loans or credit card dues before applying
- • Increase Tenure: Longer tenure reduces EMI, allowing larger loan amount
- • Add a Co-Applicant: Combine income with spouse/parent to double eligibility
- • Improve Credit Score: Maintain 750+ CIBIL for best rates
📊 How is Loan Eligibility Calculated?
Banks in India primarily use the FOIR (Fixed Obligation to Income Ratio) to determine how much loan you can afford. As a general rule, your total monthly debt obligations (all EMIs combined) should not exceed 50% to 60% of your net monthly salary.
📐 FOIR Formula
Maximum Loan EMI = (Net Monthly Income × 50%) - Existing EMIs
Then, the maximum loan amount is calculated using EMI, interest rate, and tenure.
💡 Example Calculation
Salary: ₹50,000 | Existing EMIs: ₹10,000
Max EMI = (50,000 × 50%) - 10,000 = ₹15,000
For 5-year loan @ 10.5%: Max Loan ≈ ₹7,00,000
❓ Frequently Asked Questions
What is FOIR and why is it important?
FOIR (Fixed Obligation to Income Ratio) is the percentage of your income that goes towards loan repayments. Banks use FOIR to assess your repayment capacity. A lower FOIR (below 40%) indicates better ability to take on new debt.
What is a good DTI ratio for loan approval?
DTI (Debt-to-Income) ratio below 35% is considered excellent. 35-50% is acceptable but may require stronger credit score. Above 50% significantly reduces approval chances.
How much loan can I get on 50,000 salary?
With ₹50,000 monthly salary and no existing EMIs:
- Personal Loan (5 years): ₹15-18 lakhs
- Car Loan (5 years): ₹18-22 lakhs
- Home Loan (20 years): ₹50-60 lakhs
Does adding a co-applicant increase loan eligibility?
Yes, adding a co-applicant (spouse or earning family member) combines both incomes, which can significantly increase your loan eligibility. The co-applicant's existing EMIs are also considered.