Credit score and history
Missed payments, many recent loan enquiries or high card use can lower your offer or lead to a no.
Free loan tool
Loan Eligibility Calculator
Get a rough idea of how much you can borrow before any lender checks your credit report. Enter your net monthly income, the EMIs you already pay, an expected interest rate and the tenure. For your actual eligibility across lenders, call or WhatsApp +91 70815 55505.
Eligibility calculator
Estimate how much you can borrow
Type the numbers or move the sliders. The result updates as you go.
You may be able to borrow about
₹9,25,157
Assumed affordable EMI: ₹20,000
Get my exact eligibilityA rough estimate. Lenders set their own income limits and also check your credit report, job or business and documents.
How it works
How we estimate your eligibility
Lenders first check how much you can pay each month. Many look at the share of your net monthly income that goes to EMIs, often called FOIR (fixed obligations to income ratio).
- The calculator assumes up to half of your net monthly income can go to EMIs.
- It takes away the EMIs you already pay. What is left is the new EMI you can afford.
- It then works out the loan that EMI can repay at your rate and tenure.
- Each lender sets its own limit, which may be higher or lower depending on your income, job or business and credit history.
| Net monthly income | ₹60,000 |
|---|---|
| Half of income | ₹30,000 |
| Existing EMIs | ₹10,000 |
| Affordable new EMI | ₹20,000 |
| Rate and tenure | 10.75% a year, 60 months |
| Estimated eligibility | ₹9,25,157 |
Worked example: ₹60,000 income with ₹10,000 of existing EMIs.
Existing loans
How your current EMIs change what you can borrow
The same ₹60,000 monthly income, at 10.75% a year for 60 months:
| Existing EMIs | Affordable new EMI | Estimated eligibility |
|---|---|---|
| ₹0 | ₹30,000 | ₹13,87,735 |
| ₹10,000 | ₹20,000 | ₹9,25,157 |
| ₹20,000 | ₹10,000 | ₹4,62,578 |
Closing a small loan or clearing card dues before you apply can raise your eligibility a lot.
Beyond income
What lenders look at besides your income
Income sets the ceiling. These decide whether you get close to it.
Job or business stability
Time in your current job or years in business, and the kind of employer or business you have.
Age and tenure
Your age decides the longest tenure a lender will offer, which changes the amount.
Existing loans and cards
Every EMI you already pay, including card EMIs, reduces what you can take on.
Proof of income
Income counts only when it shows in salary slips, ITRs or bank statements.
The property, if any
For home loans and loans against property, the property’s value and papers matter too.
Improve your chances
Ways to raise your eligibility
Close small loans first
Paying off a small loan or a consumer EMI frees up room for a bigger new EMI.
Add an earning co-applicant
For home loans and loans against property, many lenders can add a spouse’s or parent’s income.
Choose a longer tenure
A longer tenure raises the amount for the same EMI, though you pay more interest overall.
Show all your income
Rental or business income helps only when it is shown in your ITR and bank statements.
Check your credit report
Get errors corrected before you apply, such as a closed loan still shown as open.
Apply where you fit
Lenders have different rules. We match your profile to all major banks and loan providers.
Eligibility by loan
Check the rules for your loan
Each loan page lists who can apply and the documents lenders ask for.
FAQs
Eligibility questions, answered
How much loan can I get on a ₹30,000 salary?
If you pay no other EMIs, half of ₹30,000 is ₹15,000 a month. At 10.75% a year for 60 months, that EMI can repay about ₹6.9 lakh. The lender decides the actual amount after checking your credit report, job and documents.
What is FOIR?
FOIR means fixed obligations to income ratio: the share of your monthly income that goes to EMIs and other fixed payments. Lenders use it to decide how much new EMI you can take on. Each lender sets its own limit.
Does a co-applicant increase eligibility?
Often, yes, especially for home loans and loans against property, where many lenders can add an earning co-applicant’s income, such as a spouse or parent. The lender checks both credit reports.
Will this calculator affect my credit score?
No. The calculator does not check your credit report. When you apply, the lender checks your report and that check is recorded as an enquiry, which is why it helps to apply only where your profile fits.
Why do different lenders offer different amounts?
Each lender has its own rules on income, FOIR, employer or business type, credit score and tenure. We compare all major banks and loan providers to find the ones whose rules fit your profile. Ask a loan advisor.
Is the result my final loan amount?
No. It is a rough estimate. The lender decides your loan amount, rate and tenure after checking your credit report, income documents and its own policy.
Hinglish mein jawaab
Meri salary par kitna loan mil sakta hai?
Calculator mein apni monthly income aur chal rahi EMIs daaliye. Yeh maan kar ki income ka aadha hissa EMI mein ja sakta hai, andaazan loan amount dikh jayega. Final amount lender tay karta hai.
Kya purani EMIs se eligibility kam hoti hai?
Haan. Jitni EMI pehle se chal rahi hai, utni nayi EMI ki jagah kam ho jaati hai. Chhote loan band karne se eligibility badh sakti hai.
Kya calculator use karne se credit score par asar padta hai?
Nahi. Calculator aapki credit report check nahi karta. Lender apply karne par report check karta hai.
Keep planning
Next steps after checking eligibility
Want your actual eligibility?
A LoanBazzaar advisor can check your profile against the rules of all major banks and loan providers. Call or WhatsApp any time, or visit our Gomti Nagar office, open 24 hours.