Personal Loan Eligibility Calculator

Estimate your eligible personal loan amount from your income, existing EMIs, and expected interest rate.

Your income

Monthly income: ₹50,000

Existing EMIs: ₹0

Expected interest rate: 12% p.a.

Tenure: 5 years

Estimated eligibility

Eligible loan amount

₹12.36 Lakhs

₹12,36,264

Max EMI capacity

₹27,500

FOIR cap used

55%

See the EMI on this amount →

Frequently asked questions

FOIR (Fixed Obligation to Income Ratio) is the share of your monthly income that can go toward all EMIs combined, including the new loan. Lenders typically cap this between 50% and 60% depending on your income bracket. This calculator subtracts your existing EMIs from that capacity before estimating your eligible new loan amount.

This is a planning estimate using representative FOIR bands and a standard EMI calculation. Actual lender decisions also weigh your credit score, employment type and stability, existing relationship with the bank, and their own internal policies, which can move your real eligibility up or down from this figure.

Yes, significantly, though this calculator does not ask for it since a credit score is not a number most people track precisely. A score above roughly 750 is treated as the practical threshold for the best interest rates and highest eligibility at most private banks. A lower score can mean a smaller sanctioned amount or a higher interest rate even at the same income.

Include every EMI already deducted from your income: home loan, car loan, education loan, other personal loans, and any credit card EMI conversions. Leaving these out will overstate your eligibility, since lenders check all of them when computing your FOIR.

Yes. A longer tenure spreads the same EMI capacity over more months, so the eligible principal goes up, though you end up paying more total interest over the life of the loan. Try a couple of tenure lengths here to see the tradeoff for yourself.

Related calculators

Personal loan eligibility uses a representative FOIR (Fixed Obligation to Income Ratio) cap by income bracket. Actual lender policy, your credit score, and employment stability can move your real eligibility up or down from this figure.

Personal Loan Eligibility Calculator

Estimate your eligible personal loan amount from your income, existing EMIs, and expected interest rate.

Your income

Monthly income: ₹50,000

Existing EMIs: ₹0

Expected interest rate: 12% p.a.

Tenure: 5 years

Estimated eligibility

Eligible loan amount

₹12.36 Lakhs

₹12,36,264

Max EMI capacity

₹27,500

FOIR cap used

55%

See the EMI on this amount →

Frequently asked questions

Related calculators

Personal Loan Eligibility Calculator

Frequently asked questions

What is FOIR for a personal loan?

Why might my actual personal loan offer differ from this estimate?

Does my credit score affect my eligibility?

What counts as an existing EMI I should include?

Does a longer tenure increase my eligible loan amount?

Personal Loan Eligibility Calculator

Frequently asked questions

What is FOIR for a personal loan?

Why might my actual personal loan offer differ from this estimate?

Does my credit score affect my eligibility?

What counts as an existing EMI I should include?

Does a longer tenure increase my eligible loan amount?