Find out exactly how much loan you qualify for based on your income, expenses, and credit profile. Trusted by banks across India.
We use RBI's FOIR guidelines
We calculate based on RBI's FOIR guidelines used by SBI, HDFC, ICICI, and other banks.
Fixed Obligation to Income Ratio. Banks allow max 40%–50% of income for all EMIs combined.
Score 750+ gets the lowest interest rates. Below 650, most banks reject the loan application.
Loan eligibility is a set of criteria defined by banks and financial institutions to determine if a borrower has the financial capacity and intent to repay a loan. While every bank has its own internal algorithms, the core factors remain consistent across the industry: your monthly income, existing debt obligations, age, and credit history. Understanding these factors is crucial before you submit an application, as multiple rejections can negatively impact your credit score.
Banks use a metric called FOIR to calculate how much of your monthly income is already committed to fixed expenses like rent and other EMIs. Generally, banks allow an FOIR of 40% to 50%. This means if you earn ₹1,00,000, the bank expects your total monthly debt payments (including the new loan) to stay under ₹50,000. Our calculator uses these same guidelines to provide a realistic estimate of your borrowing power.
Your CIBIL or credit score is a three-digit summary of your credit history. A score of 750 or above is considered "Excellent" and gives you access to the lowest interest rates and higher loan amounts. A poor credit score (below 650) indicates high risk, leading to either rejection or significantly higher interest rates. Maintaining a history of timely payments and low credit utilization is the best way to keep your score healthy.
If your current profile doesn't qualify for the amount you need, consider these strategies:
Navigating the complexities of home loans or business financing can be daunting. Our tool is programmed with the latest banking norms to give you an instant, bank-standard assessment without any documentation. By knowing your maximum eligible amount in advance, you can browse properties or plan business expansions with confidence, knowing exactly where you stand in the eyes of a lender.