Loan Eligibility Calculator

Lenders typically use a formula called the **FOIR (Fixed Obligation to Income Ratio)** to determine how much you can borrow. This ratio represents the percentage of your monthly income that can be used to pay off debts. Most banks prefer a FOIR of 40% to 50%. Our calculator takes your net income and applies these standard banking principles to give you a realistic estimate of your **borrowing capacity**.

• **Monthly Income**: Higher income directly increases your loan capacity.
• **Existing EMIs**: Professional lenders will subtract any current loan repayments from your disposable income.
• **Loan Tenure**: Longer tenures reduce the monthly EMI, thereby increasing the total loan amount you qualify for.
• **Interest Rate**: Lower interest rates mean more of your EMI goes towards the principal, raising your eligibility.