There is a moment in every financial decision where you stop reading and start calculating. Estimate how much loan you can get based on your income. This guide is written for that moment. Plain language, one worked example, and a calculator you can open in the next line if you would rather skip straight to your own figures.
Cover image slot — add a screenshot or illustration from Admin → Blog when it is ready.
Prefer to start with your own figures? Use the Loan Eligibility now, or continue for the formula and a worked example.
How the calculation actually works
Uses FOIR (Fixed Obligation to Income Ratio) to estimate the maximum EMI you can afford.
The formula behind it:
Eligible EMI = (Income * FOIR) - Existing EMIs
| Symbol | What it means |
|---|---|
Income |
Net Monthly Income |
FOIR |
Usually 50% |
Nothing is rounded away quietly and nothing is assumed on your behalf. If a figure appears in the result, it came from something you entered.
Let us run one real set of numbers
₹1 Lakh income with ₹20k existing EMIs can afford ~₹30k new EMI.
Change any one input and watch the result move — that sensitivity is the real lesson. It is far more useful than memorising a single outcome, because your own rate, tenure or contribution will never match the example exactly.
Using the Loan Eligibility, step by step
- Open the Loan Eligibility.
- Enter your figures. Use the ones on your statement, sanction letter or scheme document rather than a remembered number.
- Read the result card — the headline figure plus the breakdown that produced it.
- Adjust one input at a time to see what genuinely moves the outcome.
- Tap Download PDF to keep a copy of the calculation, with your inputs and assumptions printed on it.
The PDF takes a few seconds to build because it is a properly typeset report, not a screenshot. You will see a progress message while it is being prepared, and the download starts on its own.
Small habits that make a real difference
- Improve your credit score to increase eligibility.
- Include co-applicant income for higher eligibility.
The errors that cost the most
- Expecting the exact estimated amount from all lenders.
If you want to go a level deeper afterwards, read up on factors affecting loan eligibility. Both come up the moment you start comparing options seriously.