Loan Eligibility Calculator – Know Your Loan Limit in Minutes

Before applying for any loan—home, personal, or car—it’s crucial to know how much loan amount you’re eligible for. Our Loan Eligibility Calculator helps you do just that, quickly and accurately.

Just enter your income, existing EMIs, loan tenure, and interest rate—and get an instant estimate of the maximum loan you can get.

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₹10 K₹1 Cr

Yr

1 Yr30 Yr

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0.515

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Note! Your current EMI commitments seem too high or too low for a loan offer right now. No worries—just tweak your inputs and recalculate to explore new possibilities.

Your Loan Eligibility

Your Loan EMI will be

/monthly

 

Why Check Loan Eligibility?

Knowing your loan eligibility in advance helps you:

  • Avoid application rejection due to low eligibility
  • Apply for the right amount that fits your budget
  • Plan your EMIs without financial stress
  • Improve your CIBIL score with timely repayments

How Does the Loan Eligibility Calculator Work?

The calculator checks your monthly income, subtracts your existing obligations (like EMIs), and determines your loan affordability based on a fixed debt-to-income (DTI) ratio.

Most banks use a DTI ratio of 40–60%, meaning your total EMI shouldn’t exceed 40–60% of your monthly income.

For example:

If your monthly income is ₹50,000 and you have no other EMIs:

  • Maximum EMI allowed = ₹25,000 (50% of income)
  • Based on interest rate and tenure, you’ll get an eligible loan amount matching this EMI

What Inputs Are Required?

To use the calculator, simply enter:

  • Monthly Net Income (after tax)
  • Any Existing EMI (if applicable)
  • Preferred Loan Tenure
  • Expected Interest Rate

The calculator will show you:

  • Maximum loan amount you’re eligible for
  • EMI that fits within your budget

Tips to Increase Your Loan Eligibility

Here are a few ways to increase the loan amount you’re eligible for:

  • Pay off existing EMIs or loans
  • Opt for a longer loan tenure
  • Add a co-applicant (like spouse)
  • Maintain a healthy credit score
  • Declare additional income (rent, bonus, side business)

Check Eligibility for All Loan Types

This calculator can be used to check your eligibility for:

It works for all major Indian banks including SBI, HDFC, ICICI, Axis Bank, and others.

Final Words

Don’t apply blindly for a loan. Use our Loan Eligibility Calculator first to check how much you qualify for. It helps you save time, avoid rejections, and plan your finances smartly.

👉 Try it now and take control of your borrowing!