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Loan Eligibility Checker 2026

Check Max Loan · FOIR · CIBIL Score · Bank Comparison · EMI Preview

📋 Your Financial Profile

💼 Income Details

Income Proof Type

Monthly Net Income (₹) Take-homeAnnual: ₹7,20,000

Co-applicant Income (₹) OptionalCombined: ₹7,20,000/yr

🏦 Loan Parameters

Desired Loan Amount (₹)₹50.0 L

Tenure (Years)

20 yr

5yr30yr

Existing EMIs (₹/month) All running loans

Age (Years)Max tenure: 30 years (till age 70)

📊 Credit Score (CIBIL)

CIBIL Score

750

Poor <650 650–699700–749750–799 Excellent 800+

✅ Great score. Eligible for best rates at all major banks.

🏠 Property Details

Property Value (₹)LTV limit: ₹60,00,000

LTV Ratio 80% (RBI norm)

≤₹30L90%

₹30L–75L80%

>₹75L75%

What is Loan Eligibility? — How Banks Calculate

Loan eligibility is the maximum loan amount a bank will approve based on your income, existing obligations, credit score, and loan type. The primary rule is FOIR (Fixed Obligation to Income Ratio) — most banks allow maximum 50% of your net income towards all EMIs combined.

📐 FOIR Formula

FOIR = (Existing EMIs + New EMI) ÷ Monthly Net Income × 100

Target: FOIR ≤ 50%Max New EMI: (50% × Income) − Existing EMIsEligible Loan: Max EMI × PMT factor

📊 Worked Example

Monthly Income ₹60,000 · Existing EMI ₹10,000 · CIBIL 750 · Home Loan 20yr @8.5%

1 Max Allowable EMI = 50% × ₹60,000 = ₹30,000

2 Available EMI = ₹30,000 − ₹10,000 = ₹20,000

3 Loan at 8.5% for 20yr → PMT factor = 104.64

4 Max Eligible = ₹20,000 × 104.64 = ₹20.93L

🏦 Loan Type Comparison

Loan Type	Typical Rate	Max Tenure	LTV	CIBIL Min
🏠 Home Loan	8.5–10%	30 years	75–90%	650+
🚗 Car Loan	8.75–10%	7 years	85%	650+
💼 Personal Loan	10–24%	5 years	—	700+
🥇 Gold Loan	9–11%	3 years	75%	0+

❓ Frequently Asked Questions

What is FOIR and how does it affect loan eligibility?›

FOIR (Fixed Obligation to Income Ratio) = (All EMIs ÷ Net Monthly Income) × 100. Banks want FOIR ≤ 50% (salaried) or 45% (self-employed). If your existing EMIs are ₹10,000 and income ₹50,000, available EMI capacity = ₹25,000 − ₹10,000 = ₹15,000 for new loan. This determines your maximum eligible loan amount.

What CIBIL score is needed for a home loan in 2025?›

How much home loan can I get on ₹50,000 salary?›

What is LTV ratio for home loans in India?›

Can I add a co-applicant to increase loan eligibility?›

How does employment type affect loan eligibility?›

What is Gold Loan LTV and who should take it?›

How is loan tenure limited by age?›

📌 Key Takeaways — Loan Eligibility 2026

✅ Banks use FOIR rule: Total EMIs (existing + new) should not exceed 50% of net income
✅ CIBIL score 750+ gets best rates. Below 650 = mostly rejected by major banks
✅ Co-applicant income boosts eligibility — especially spouse for home loans
✅ Home Loan LTV: 90% for ≤₹30L, 80% for ₹30L–75L, 75% for above ₹75L (RBI norms)
✅ Prepay existing EMIs to increase eligibility before applying for new loan
✅ Home Loan max tenure: 30 years or till age 70, whichever comes first
✅ Gold Loan: 75% of gold value — no CIBIL check, instant disbursal
✅ Improving CIBIL from 700 to 750 can save 0.5–1% interest rate = ₹lakhs over tenure