Loan Eligibility Calculator

Check how much loan you can get

Enter Your Details

Your Loan Eligibility

₹0
Net Monthly Income
₹0
Max EMI You Can Afford
₹0
Maximum Loan Amount
₹0
Total Amount Payable
This is an estimate based on the 50% EMI-to-income rule used by most Indian banks. Actual eligibility may vary based on credit score, employer, and bank policies. Applicable for home loans, car loans, and personal loans.

How Does the Loan Eligibility Calculator Work?

Enter your monthly income, existing expenses and EMIs, the expected interest rate, and desired loan tenure. The calculator computes your net monthly income and applies the 50% rule -- banks typically allow EMIs up to 50% of your net income. Using this maximum affordable EMI, it reverse-calculates the maximum loan principal you can borrow at the given interest rate and tenure. This works for home loans (typically 8-10%), car loans (8-12%), and personal loans (10-18%).

Frequently Asked Questions

How is loan eligibility calculated?
Banks typically allow EMI up to 50% of your net monthly income (income minus expenses). The maximum loan is calculated based on this EMI at the given interest rate and tenure.
What is the 50% EMI rule?
Most Indian banks follow a rule that your total EMI obligations should not exceed 50% of your net monthly income to ensure you can comfortably repay the loan.
Does this work for home loans and car loans?
Yes, this calculator works for any type of loan including home loan, car loan, and personal loan. Just enter the appropriate interest rate and tenure.
What interest rate should I use?
Home loans are typically 8-10%, car loans 8-12%, and personal loans 10-18% in India. Use the rate offered by your bank for accurate results.

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