What is FOIR and how does it affect loan eligibility?

FOIR (Fixed Obligation to Income Ratio) is the percentage of your monthly income that banks allow towards total EMI obligations. Most banks allow 40–50% FOIR. Higher income or lower existing EMIs mean higher eligibility.

What FOIR does each loan type use?

Home loans typically allow 40–50% FOIR. Personal loans use 30–40% FOIR. Car loans use 40–50%. Education loans use 50–60%. Banks vary — this calculator shows three scenarios.

What is the default interest rate for home loans?

The default rate used is 8.5% per annum for home loans, 12% for personal loans, 9% for car loans, and 9% for education loans. You can override these with current market rates.

Does adding a co-applicant increase loan eligibility?

Yes. Adding a co-applicant (spouse, parent) allows banks to combine both incomes, significantly increasing the eligible loan amount. This is especially effective for home loans.

How can I increase my loan eligibility?

Close existing loans to reduce EMI burden, add a co-applicant, opt for a longer tenure, maintain a good CIBIL score above 750, and declare all income sources including rental or freelance income.

Does my CIBIL score affect loan eligibility?

Yes. A CIBIL score above 750 qualifies you for better interest rates and higher loan amounts. Scores below 650 may result in rejection or higher interest rates.

Is this calculator accurate for all banks?

This calculator uses standard FOIR-based methodology. Actual eligibility varies by bank, employer type (salaried vs self-employed), age, credit score, and property value for secured loans.

What is the maximum home loan tenure?

Most banks offer home loans up to 30 years. Longer tenures reduce EMI but increase total interest paid. The maximum age at loan maturity is typically 70–75 years.

Can self-employed individuals use this calculator?

Yes. Enter your average monthly net profit as income. Banks typically consider 2–3 years of ITR for self-employed applicants and may apply different FOIR ratios.

What is the minimum income required for a home loan?

Most banks require a minimum monthly income of ₹25,000–₹30,000 for home loans in metro cities. Minimum income requirements vary by bank and city.

Loan Eligibility Calculator

Calculate maximum loan eligibility using FOIR method for home, personal, car and education loans.

Loan Eligibility Calculator

Find your maximum loan amount using the FOIR method

Monthly Net Income

Existing Monthly EMIs

Enter 0 if no existing loans

Expected Interest Rate (%)

Default: 8.5% for Home Loan

Preferred Loan Tenure

Max 30 years for Home Loan

Loan Eligibility Calculator कसरी प्रयोग गर्ने

1
Enter your monthly net (take-home) salary.
2
Enter total existing EMIs you are currently paying each month.
3
Select your desired loan type: Home, Personal, Car, or Education.
4
Enter your preferred loan tenure in years.
5
Optionally adjust the expected interest rate or use the pre-filled default.
6
Click Check Eligibility to see your maximum eligible loan amount.
7
Review the eligibility breakdown for Conservative, Moderate, and Liberal bank profiles.
8
Use the tips shown to improve your loan eligibility if needed.

Loan Eligibility Calculator बारेमा

Wondering how much loan you can actually get approved for? The Loan Eligibility Calculator uses the industry-standard FOIR (Fixed Obligation to Income Ratio) method to estimate your maximum eligible loan amount — for home, personal, car, and education loans.

How FOIR Works

Banks evaluate loan applications by looking at what percentage of your monthly income is already committed to EMIs. A lower FOIR means more room for a new loan. Most banks allow 40-50% FOIR for home loans, 30-40% for personal loans, and 50-60% for education loans.

Three Scenarios Compared

Conservative Bank: Strictest FOIR limits — shows the minimum you can expect
Moderate Bank: Standard market terms — most likely approval amount
Liberal Bank: Relaxed criteria — best-case scenario with a strong profile

Tips to Improve Eligibility

Close existing loans to reduce your EMI burden
Add a co-applicant to combine incomes
Maintain a CIBIL score above 750
Opt for a longer tenure to increase the eligible amount

All calculations run in your browser — your financial details are never sent to any server.

Loan Eligibility Calculator बारेमा बारम्बार सोधिने प्रश्नहरू

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