Loan Eligibility Calculator
Maximum loan you can get based on income and existing EMIs.
How the Loan Eligibility Calculator works
Lenders cap your total EMIs at a share of your monthly income, called FOIR (Fixed Obligation to Income Ratio), typically 50–60%. Existing EMIs are subtracted from that limit, and the remaining EMI capacity is converted into a loan amount for the chosen rate and tenure.
Loan Eligibility Calculator formula
Max EMI = Income × FOIR − Existing EMIs · Max loan = EMI × ((1 + r)ⁿ − 1) ÷ (r × (1 + r)ⁿ)
Results are estimates for illustration only and not financial advice.
How to use the Loan Eligibility Calculator
- Enter your monthly income and existing EMIs.
- Set the interest rate and tenure you expect.
- See the maximum loan and EMI you are likely to be eligible for.
Loan Eligibility Calculator: FAQs
How can I increase my loan eligibility?
Close small existing loans, choose a longer tenure, add a co-applicant with income, or improve your credit score to qualify for a lower rate.
Is the Loan Eligibility Calculator free to use?
Yes. The Loan Eligibility Calculator on IPO Darbaar is free, needs no sign-up and works on mobile and desktop.
Is my data saved anywhere?
No. All calculations run in your browser; the numbers you enter are not sent to or stored on our servers.