Loan Eligibility Calculator
Calculate in either direction: estimate a loan from your income, or find the income needed for the loan you want.
A budgeting assumption, not a universal approval rule. It includes existing EMIs and the new loan EMI.
Your estimated borrowing range
This is the loan supported by your available new-loan EMI at the rate and tenure entered.
How this estimate is calculated
EMI limit—
Minus existing EMIs—
Available EMI for new loan—
Monthly income left after all EMIs—
Estimated total interest—
Estimated total repayment—
A lender may approve less—or nothing—after reviewing your credit profile and its policy.
What percentage should you choose?
The percentage is the share of net monthly income used for all EMIs combined. It is commonly called FOIR. We start at 50% as a simple, moderately cautious planning assumption—not because every lender uses 50%.
More cautious
30%–40%
Leaves more income for rent, household costs, savings and emergencies. Consider this range if income varies or expenses are high.
Useful starting point
40%–50%
A reasonable planning range for many salaried households with stable income and manageable living costs.
Higher pressure
50%–60%
Leaves less flexibility. Use cautiously and only if income is stable, other expenses are low and an emergency buffer is already available.
What RBI says
RBI’s consumer FAQ says banks typically assume about 55%–60% of monthly disposable or surplus income is available for repayment. It also notes that assessment methods vary.
Read RBI’s housing-loan FAQ →How lender limits vary
SBI publishes one product example where EMI-to-net-monthly-income limits vary from 50% to 60% by income. Other products and lenders can use different limits.
See SBI’s published example →Before relying on the estimate
- Use net take-home income, not gross salary or annual CTC.
- Include every existing EMI and recurring debt payment.
- Try a higher interest rate to allow for floating-rate increases.
- Choose a percentage that still leaves room for essential expenses and savings.
- Remember that lenders also assess credit history, age, employment, income stability, collateral and internal policy.