Loan Eligibility Calculator
Find the maximum home or personal loan amount you qualify for based on net monthly salary, existing EMIs, and bank FOIR limits.
How the Loan Eligibility Calculator works
Find the maximum home or personal loan amount you qualify for based on net monthly salary, existing EMIs, and bank FOIR limits. Below is the exact mathematical or algorithmic model used by this loans utility, along with its key operating assumptions.
Max EMI = (Monthly Net Income × FOIR %) − Existing EMIs. Max Loan = Present Value of Max EMI over Tenure.Step-by-step workflow
- Set your starting capital, rate, or tenure in the Loan Eligibility Calculator controls (or pick a quick INR benchmark preset).
- The calculation engine applies Max EMI = (Monthly Net Income × FOIR %) − Existing EMIs. Max Loan = Present Value of Max EMI over Tenure. on every change and separates principal from compounded gains or interest.
- Inspect the visual chart breakdown and adjust sliders to stress-test lower returns, higher inflation, or extra prepayments.
Worked example & key advantages
With ₹1,20,000 monthly take-home pay, ₹10,000 existing EMI, and 50% FOIR at 8.6% for 20 years, your max eligible EMI is ₹50,000 (supporting ~₹57.2 Lakh loan).
Why use this Loan Eligibility tool
- Transparent compounding and amortization math (Loan Eligibility) with Indian Lakh and Crore formatting.
- Side-by-side visual charts showing how tenure, rate resets, or step-ups change lifetime wealth.
- 100% browser-local execution—your loan, investment, and tax figures are never uploaded or stored on a server.
Important Assumptions & Scope
- Default FOIR (Fixed Obligation to Income Ratio) is set to 50%.
Frequently Asked Questions — Loan Eligibility
Clear answers to common questions about methodology, edge cases, and privacy.
What is FOIR in bank loan underwriting?
Fixed Obligation to Income Ratio (FOIR) is the maximum share of your net monthly income that banks allow toward all combined loan EMIs (usually 45%–55%).
Does the Loan Eligibility Calculator send my financial or salary data to a server?
No. All calculations inside the Loan Eligibility Calculator run 100% locally in your browser using deterministic TypeScript formulas. Your income, loan, or investment figures are never uploaded, stored, or shared.
How can I share or bookmark a scenario in the Loan Eligibility?
Click '☆ Save to Workspace' in the header to pin the Loan Eligibility to your local browser dashboard, or copy the page URL to reference this utility anytime.