Personal Loan Eligibility Calculator
Find out how much you could borrow. Enter your income, existing obligations and preferred terms to estimate your eligible loan amount — based on a standard 50% FOIR (fixed-obligation-to-income ratio).
How is personal loan eligibility decided?
Lenders assess how much of your income is already committed to repayments using the FOIR — fixed-obligation-to-income ratio. Most lenders cap total EMIs (existing plus the new loan) at around 50% of your net monthly income. The remaining headroom decides the EMI you can support, which in turn sets your eligible loan amount for a given rate and tenure.
2. Eligible amount = the loan whose EMI equals that max, at your chosen rate & tenure
What affects your eligibility?
A higher net income raises the EMI you can support, and the amount you can borrow.
Current obligations reduce the headroom available for a new loan.
A lower rate or longer tenure lets the same EMI support a larger loan.
Frequently asked questions
FOIR (fixed-obligation-to-income ratio) is the share of your monthly income that goes toward fixed repayments. Lenders use it to judge how much additional EMI you can comfortably take on — commonly capping the total around 50%.
No. This is an indicative estimate. The final amount depends on the lender's policy, your credit score, employment profile and document checks.
Close or reduce existing EMIs, add a co-applicant's income, opt for a longer tenure, or maintain a strong credit score to improve the amount you may qualify for.
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