Loan Eligibility Calculator
Estimate your loan eligibility online for free from your monthly income, existing EMIs and the loan's rate and tenure. Runs entirely in your browser — nothing you enter is uploaded.
Lenders typically cap total EMIs at 40–60% of monthly income — 50% is a common midpoint, but your actual lender's policy may differ.
How to use loan eligibility calculator
- Enter your income and existing EMIs
Your gross monthly income and any EMIs you're already paying.
- Enter the rate, tenure and EMI ratio
The loan's interest rate, how many years you want to repay over, and the maximum share of income lenders can use for EMI.
- Calculate
See your estimated maximum eligible EMI and loan amount.
Features
Every rate and percentage is an input you can change, not a hidden constant — so the estimate matches your real numbers.
Calculates locally with no sign-up or server request.
Your salary and financial details are never uploaded.
Supported formats and limitations
Text and structured input supported by this tool.
Use cases include personal workflows, content preparation, and quick checks. Review output before relying on it for legal, financial, accessibility, or production decisions.
Frequently asked questions
Why might my actual eligibility differ?
Real lenders also weigh your credit score, employment type and stability, other liabilities, and their own internal policy — this gives a income-based ballpark, not a sanction guarantee.
What EMI-to-income ratio do lenders typically allow?
40-50% of gross monthly income (including existing EMIs) is a common range in India, but it varies by lender and loan type — enter your lender's actual policy figure if you know it.