Loan Eligibility Calculator India Based on FOIR

Estimate how much loan principal a selected EMI capacity could support. The calculator applies a Fixed Obligations to Income Ratio, subtracts existing monthly obligations, and reverses the standard EMI formula.

Estimate eligibility from EMI capacity

Income, obligations, and loan assumptions

per month
Use stable documented take-home income.
per month
Include current EMIs and lender-counted fixed obligations.
%
This is a planning input, not a universal lender approval limit.
% p.a.
Use a realistic offered or stress-test rate.
years
Switch between months and years; a longer tenure can raise eligibility but also total interest.

Estimated outcome

Estimated eligible loan amount

₹0
Available EMI capacity
—
FOIR assumption
—

This reverses an EMI from a selected FOIR. Lenders also assess credit history, age, employment, property, income type, internal policy, and stress rates.

What this eligibility calculator shows

  • Maximum obligations allowed by the selected FOIR.
  • EMI capacity remaining after existing obligations.
  • Indicative principal supported by the rate and tenure.

FOIR and reverse-EMI formulas

Eligibility formulas
  • Available EMI = net monthly income x FOIR – existing obligations
  • Eligible principal = EMI x ((1 + r)^n – 1) / (r x (1 + r)^n)

Here, r is the monthly interest rate and n is the number of monthly instalments. At a zero rate, principal equals available EMI multiplied by the number of months.

Why this is not an approval

FOIR is a lender underwriting input, not one universal regulatory approval limit. Lenders can use different ratios by income, product, city, employer, or risk grade. They also evaluate age, credit history and score, employment continuity, variable income, bank statements, property value and title, loan-to-value limits, co-applicants, and internal stress rates.

Use stable, documented take-home income and obligations the lender is likely to count. A longer tenure can increase the arithmetic eligibility while also increasing total interest and potentially exceeding age limits.

Common questions

What is included in existing obligations?

Include current EMIs and other fixed obligations counted by the lender. Ordinary household expenses are not entered separately in this simplified FOIR model, but they still matter to real affordability.

Is the highest eligible amount affordable?

Not necessarily. Approval capacity and household comfort are different. Preserve emergency savings and test the EMI against essential expenses and income shocks.

Will a co-applicant increase eligibility?

Potentially, if the lender accepts their documented income and obligations. Combine inputs only in the same way the lender intends to assess them.

More calculators

Use the home loan EMI and prepayment calculator for an outstanding mortgage, the personal loan EMI calculator for repayment cost, or the salary budget calculator for household affordability.