Know your borrowing power with
precision
Check how much loan banks will approve based on your salary, existing EMIs, and credit score.
| Tenure | Interest Rate | Affordable EMI | Eligible Loan Amt |
|---|
3 steps to know your borrowing power
Check your loan eligibility in seconds — before any bank runs a hard inquiry on your CIBIL report.
What is FOIR — and why it controls everything
FOIR (Fixed Obligation to Income Ratio) is the single most important metric banks use to decide how much loan you can get. Understanding it helps you plan strategically.
Banks do not let you spend your entire salary on loan repayments. They use FOIR — the percentage of your gross income that goes toward all fixed financial obligations — to set a hard cap on how much you can borrow.
The key insight: your new loan eligibility is not based on how much you earn, but on how much of your income is still free after existing obligations.
Practical example: If you earn ₹60,000/month and already pay ₹15,000 in car loan EMI, the bank will cap total EMIs at ₹30,000 (50% FOIR). Your new EMI can only be ₹15,000 — which at 8.5% over 20 years gives you an eligible home loan of approximately ₹15.5L, not ₹30L.
How your CIBIL score affects loan eligibility
Your CIBIL score doesn't just affect your interest rate — it directly determines whether the bank will lend to you at all, and how much.
How to increase your loan eligibility
If the calculator shows less than what you need, these proven strategies can meaningfully increase your eligible amount.
FOIR brackets & what reduces your eligibility
Know the rules banks apply — and the common mistakes that silently reduce how much you can borrow.
| Monthly Salary | Max FOIR | Max EMI allowed |
|---|---|---|
| Below ₹25,000 | 40–45% | ₹10,000–₹11,250 |
| ₹25,000–₹50,000 | 50% | ₹12,500–₹25,000 |
| ₹50,000–₹75,000 | 55% | ₹27,500–₹41,250 |
| ₹75,000–₹1,50,000 | 60% | ₹45,000–₹90,000 |
| Above ₹1,50,000 | 60–65% | ₹90,000+ |
Frequently asked questions
Common questions about loan eligibility, FOIR, and CIBIL scores in India.
Yes — the FOIR-based eligibility formula is the same across loan types. The primary variable is the interest rate and tenure, which differ by loan category. Set the interest rate and tenure that matches your loan type (e.g., 8.5%/20 yrs for home loan, 13%/5 yrs for personal loan, 9%/5 yrs for car loan) to get the most accurate estimate for your purpose.
No. This calculator does not access your CIBIL report and does not trigger any credit inquiry. You simply enter your CIBIL score manually. Only when you formally apply for a loan with a bank or lender does a "hard inquiry" occur, which can temporarily reduce your score by 5–10 points.
Include all fixed monthly obligations: home loan EMI, car loan EMI, personal loan EMI, education loan EMI, and any credit card minimum payment you typically roll over. Do not include utility bills, subscriptions, or voluntary investments like SIPs — these are not counted in FOIR by banks. Insurance premium EMIs may or may not be counted depending on the lender.
When you add a co-applicant, the bank calculates FOIR based on your combined net monthly income. If you earn ₹50,000 and your spouse earns ₹40,000, the bank treats total income as ₹90,000 — applying the higher FOIR bracket (60%) and calculating new EMI capacity on the combined figure. This can nearly double the eligible loan amount. The co-applicant's CIBIL score also factors in, so choose a co-applicant with a strong credit profile.
Score improvement is gradual — expect 6–12 months for meaningful change. The fastest actions: (1) Pay all overdue EMIs and credit card bills immediately — late payments stop accumulating. (2) Reduce credit card utilization below 30%. (3) Don't apply for any new credit for at least 6 months. (4) Dispute any errors in your CIBIL report (this can have an immediate effect if errors are corrected).
The calculator uses standard FOIR benchmarks. Individual banks may apply stricter criteria — lower FOIR caps for certain loan types, additional age-income matrix rules, or property-specific caps for home loans. If a bank offers less than expected: (1) Ask for the reason in writing. (2) Try a different lender. (3) Apply with a co-applicant. (4) Offer to clear an existing EMI before disbursement to improve your FOIR position.
Know your number before the bank does
Check your eligibility here, improve what you can — CIBIL, existing EMIs, co-applicant — then walk into the bank knowing exactly what to expect. No surprises, no hard inquiries wasted.