Loan Eligibility Calculator
Wondering how much loan you can get? Enter your income and existing EMIs to instantly check your maximum borrowing power for Home, Personal, or Car loans.
Maximum Loan Eligibility
₹ 0
Estimated Monthly EMI: ₹ 0
* Assumes 50% of your income is available for loan repayment.
Eligibility Breakdown
Key Factors Affecting Loan Eligibility
Net Monthly Income
Your take-home salary is the primary baseline. Higher income directly translates to higher loan eligibility.
Existing EMIs
Current debt obligations reduce your disposable income, thereby lowering the new loan amount you can afford.
Loan Tenure
Longer tenure reduces the monthly EMI, which can technically increase the loan amount you are eligible for, though you pay more interest.
Interest Rate
Lower interest rates result in lower EMIs, allowing you to borrow a higher principal amount for the same monthly payment capacity.
Tips to Improve Your Loan Eligibility
- 1.Add a Co-applicant: Adding a working spouse or parent as a co-applicant clubs your incomes, significantly boosting eligibility.
- 2.Clear Existing Debts: Pay off small personal loans or credit card dues to free up your monthly income for the new loan EMI.
- 3.Improve Credit Score: A score above 750 gives you negotiating power for better interest rates and higher loan amounts.
- 4.Declare Additional Income: Don't forget to include rental income, bonuses, or other regular sources of income in your application.