Banking · Loans
Loan Eligibility Calculator
Estimate loan eligibility from income, existing EMIs, FOIR, tenure, and rate. Client-side planning figures — not a lender sanction. Educational estimates, not a bank quote or financial advice.
Estimate how much loan you may potentially qualify for, what EMI you can afford, and what the loan may cost — not a loan approval or guarantee.
Assumptions · 2026-08-01Your profile & loan details
Steps 1–4 · results update live
Eligibility assumptions (editable)
Not one universal bank rule — adjust FOIR, tenure, age, multiplier
0 = off
0 = off
Status (estimate only — not approval)
Potentially Eligible for requested amount
FinanceControl Estimated Affordability: Moderate Affordability (not a credit score)
Estimated max eligibility
₹57,61,541.99
Max affordable EMI
₹50,000/mo
Existing obligations
₹0/mo
Obligation / income
0.0%
Eligible loan EMI
₹50,000/mo
Total interest (eligible)
₹62,38,458.01
Total repayment
₹1,20,00,000
Total borrowing cost + fees
₹1,20,10,000
Requested loan
₹50,00,000
Estimated eligibility
₹57,61,541.99
Eligibility gap
-₹7,61,541.99
Income vs EMI
Monthly picture
Principal vs interest
On estimated eligible loan
Down payment / LTV (optional)
Home & vehicle style — LTV limit is configurable above
Loan after DP · LTV
—
Tenure comparison
Longer tenure → lower EMI, higher total interest
| Tenure | EMI | Total interest | Total repayment |
|---|---|---|---|
| 5 years | ₹1,18,206.86 | ₹13,30,869.61 | ₹70,92,411.6 |
| 10 years | ₹71,434.88 | ₹28,10,643.61 | ₹85,72,185.6 |
| 15 years | ₹56,736.18 | ₹44,50,970.41 | ₹1,02,12,512.4 |
| 20 years | ₹50,000 | ₹62,38,458.01 | ₹1,20,00,000 |
| 25 years | ₹46,393.5 | ₹81,56,508.01 | ₹1,39,18,050 |
| 30 years | ₹44,301.27 | ₹1,01,86,915.21 | ₹1,59,48,457.2 |
Interest rate sensitivity
How rate changes affect max eligible loan
| Rate | Max loan | EMI | Total interest |
|---|---|---|---|
| 7.5% | ₹62,06,606.56 | ₹50,000 | ₹57,93,393.44 |
| 8% | ₹59,77,714.59 | ₹50,000 | ₹60,22,285.41 |
| 8.5% | ₹57,61,541.99 | ₹50,000 | ₹62,38,458.01 |
| 9% | ₹55,57,247.7 | ₹50,000 | ₹64,42,752.3 |
| 9.5% | ₹53,64,051.83 | ₹50,000 | ₹66,35,948.17 |
| 10% | ₹51,81,230.93 | ₹50,000 | ₹68,18,769.07 |
Income sensitivity
Eligibility at different income levels
| Income / mo | EMI capacity | Est. eligibility |
|---|---|---|
| ₹75,000 | ₹37,500 | ₹43,21,156.49 |
| ₹1,00,000 | ₹50,000 | ₹57,61,541.99 |
| ₹1,25,000 | ₹62,500 | ₹72,01,927.49 |
| ₹1,50,000 | ₹75,000 | ₹86,42,312.99 |
Existing EMI impact
How current debt changes capacity
| Existing EMI | Est. eligibility |
|---|---|
| ₹0 | ₹57,61,541.99 |
| ₹15,000 | ₹40,33,079.39 |
| ₹30,000 | ₹23,04,616.8 |
| ₹45,000 | ₹5,76,154.2 |
Eligibility scenarios
FinanceControl estimates — not lender decisions
| Scenario | FOIR | Income | Existing EMI | EMI capacity | Est. eligibility |
|---|---|---|---|---|---|
| Conservative | 40% | ₹1,00,000 | ₹0 | ₹40,000 | ₹46,09,233.59 |
| Moderate (yours) | 50% | ₹1,00,000 | ₹0 | ₹50,000 | ₹57,61,541.99 |
| Higher eligibility | 60% | ₹1,00,000 | ₹0 | ₹60,000 | ₹69,13,850.39 |
Single vs joint application
Lender co-applicant rules vary
Single applicant eligibility
₹57,61,541.99
With co-applicant (enter co-applicant income above)
₹86,42,312.99
How can I improve my eligibility?
Educational suggestions from your inputs
- Adding an eligible co-applicant with stable income may increase considered income (lender rules vary).
- Compare multiple lenders; eligibility formulas and FOIR limits differ.
Credit score (educational)
Not a deterministic eligibility formula
You entered score 750. Lenders may use score for approval odds, pricing, and limits — along with income, obligations, employment, and many other factors. This planner does not map score X to loan amount Y.
Eligibility breakdown
- Considered monthly income: ₹1,00,000
- Existing obligations: ₹0
- Max permitted obligation (FOIR): ₹50,000
- Available EMI capacity: ₹50,000
- Effective tenure: 240 months
- Interest rate: 8.5%
- Assumed max FOIR: 50%
- Income multiplier: 60
- Estimated eligible loan: ₹57,61,541.99
Amortization (eligible loan) — expand to generate
FAQ · how eligibility works
Is this a loan approval?
No. This is an educational estimate. Only a lender can approve a loan after full underwriting.
What is FOIR?
Fixed Obligation to Income Ratio (or similar). Lenders cap total EMIs as a share of income. Your FOIR assumption is editable and is not universal.
Why does age matter?
Many products cap age at loan maturity, which shortens max tenure and can reduce eligibility.
Does credit score set my loan amount?
No deterministic mapping here. Score can influence pricing and approval odds along with many other factors.
Calculation assumptions in use
Income ₹1,00,000/mo · Existing EMI ₹0 · Rate 8.5% · Tenure 240 mo · Max FOIR 50% · Multiplier 60 · Max age at maturity 70.
Loan eligibility shown by this calculator is an estimate for educational and planning purposes only. Actual eligibility, interest rate, loan amount, tenure, fees, and approval depend on the lender's policies, credit assessment, income verification, employment profile, existing obligations, and other factors. FinanceControl.net does not guarantee loan approval.
Common questions
Will the bank approve this amount?
Not necessarily. Lenders use credit score, income proofs, FOIR caps, and product rules. Treat this as a planning range, then apply with the bank.
Is this financial advice?
No. FinanceControl tools are educational. Figures are estimates, not a quote, offer, or recommendation. Confirm with the provider and a qualified professional.