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About this tool
Check the loan amount you qualify for from your income, existing EMIs and the FOIR limit lenders apply, with a tenure comparison.
The Loan Eligibility Calculator estimates how much a bank or NBFC would lend you before you apply. It takes your net salary and other counted income, subtracts every running EMI, applies the FOIR ceiling underwriters use, and converts the leftover EMI room into a loan amount using the reducing-balance present-value formula. Side tables show how the same EMI capacity translates across tenures and across different FOIR bands, so you can see exactly where the number comes from.
Open Loan Eligibility Calculator on AltFTool — it loads instantly in your browser.
Enter Monthly net salary, other income and the share the lender counts, Existing EMIs and card dues, the FOIR limit (%), interest rate and tenure.
Tap a tenure chip from 5y to 30y or change the FOIR limit; the eligible EMI and loan recalculate instantly.
Read 'Loan you are eligible for' with the Eligibility-by-tenure and FOIR tables, then use Copy result for the text summary.
FOIR on assessed income minus obligations is the first screen almost every Indian lender runs.
Rental and business income are usually discounted; set the share the lender counts instead of guessing.
Tenure and FOIR tables make it obvious how much eligibility each extra year or looser band buys you.
Most banks work in the 40% to 55% range of net monthly income for all EMIs combined, allowing the upper end to higher-income and low-risk borrowers. Some NBFCs stretch to 60% at a higher interest rate.
Yes. Lenders typically treat about 5% of your outstanding card balance as a monthly obligation, so a large revolving balance can cut eligibility noticeably even if you pay it off each month.
Eligibility is the present value of the EMI you can afford. Stretching the tenure spreads the same EMI over more instalments, so it services a bigger principal — but total interest rises steeply.
No. This is the income-side ceiling. The final sanction is the lower of this figure and the asset-side cap (loan-to-value on the property or vehicle), and it can be reduced further by a weak credit score or unstable employment history.
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