Loan Eligibility Calculator India — Maximum Loan Amount You Can Get
Real-World Examples — 2026
₹80,000 net salary — home loan eligibility
Net income ₹80,000, existing EMI ₹10,000. Available EMI capacity at 50% FOIR = ₹40,000 − ₹10,000 = ₹30,000. At 8.5% for 20 years, max home loan = approximately ₹28.6 lakh.
Adding co-borrower to boost eligibility
Adding a co-borrower with ₹60,000 net income raises combined income to ₹1.4 lakh. At 50% FOIR, combined EMI capacity = ₹70,000. This doubles the eligible loan amount to approximately ₹60 lakh.
Frequently Asked Questions
How do banks calculate loan eligibility?
Banks use FOIR (Fixed Obligation to Income Ratio) — typically 40–50% of net income. If your net salary is ₹80,000, you can have total EMIs (existing + new) of ₹32,000–₹40,000. The remaining EMI capacity determines the maximum loan. Credit score, employer category, and age also affect final eligibility.
What FOIR do banks use for home loans?
Most banks allow FOIR up to 50% for home loans with good credit scores. SBI uses 50% FOIR, HDFC 50%, ICICI up to 55% for high-income applicants. For personal loans, FOIR is typically capped at 40–45%.
How can I increase my loan eligibility?
To increase eligibility: clear existing loans to reduce FOIR, add co-borrower (spouse), improve CIBIL score above 750, increase tenure (reduces EMI per lakh), choose a lender offering higher FOIR, and demonstrate stable income with ITR + salary slips.
Is the Loan Eligibility Calculator free?
Yes, completely free with no registration on CalcPhi.
Are my inputs stored?
No. All calculations run in your browser. We never store your financial data.
Can I use the Loan Eligibility Calculator on mobile?
Yes. CalcPhi works on all modern smartphones and tablets.