Loan Eligibility Checker

Loan Eligibility Calculator India 2025 — Home Car Personal Loan

Check how much home loan, car loan or personal loan you are eligible for based on your monthly salary, CIBIL score, existing EMIs and employment type. Uses bank-standard FOIR (Fixed Obligation to Income Ratio) methodology used by SBI, HDFC, ICICI, Axis Bank.

Home Loan Eligibility — Rule of Thumb

Most banks offer home loan up to 60 times your net monthly salary. A ₹50,000/month salary person can get ₹30–40 lakh home loan. CIBIL score above 750 gets the best interest rates (8.35–8.75% in 2025). FOIR should be below 40% for easy approval.

FOIR Calculation for Loan Eligibility

FOIR = (Proposed EMI + Existing EMIs) ÷ Net Monthly Income. Banks approve loans where FOIR stays ≤ 40–50%. Example: ₹60,000 salary, ₹10,000 existing EMI. Available EMI capacity = ₹60,000 × 0.50 − ₹10,000 = ₹20,000/month new EMI allowed.