What FOIR do banks use?

Most banks use 40-50% FOIR. Government employees may get up to 55%.

Does credit score affect loan eligibility?

Yes. A CIBIL score above 750 improves both eligibility and interest rate offered.

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Loan Eligibility Calculator

Estimate maximum home or personal loan from income and obligations.

Your Profile

Enter your income and obligations to estimate loan eligibility.

Monthly Income (₹)

Existing EMIs (₹/mo)

Interest Rate (% p.a.)

Tenure (months)

FOIR (%) — max EMI as % of income

Loan Eligibility

Maximum loan amount based on income and FOIR.

Eligible Loan Amount

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Live result

Max EMI Possible—

Income for EMI (FOIR)—

How loan eligibility is calculated

Built for speed, clarity, and SEO depth.

Banks use FOIR (Fixed Obligation to Income Ratio) to determine max EMI. Typically 40-50% of monthly income. Subtract existing EMIs to find the new EMI you can afford, then back-calculate the loan amount.

Loan Eligibility Formula

Maximum loan based on FOIR and EMI capacity.

Max EMI

Monthly Income × FOIR% - Existing EMIs

The highest EMI you can afford.

Eligible Loan

Max EMI × ((1+r)^n - 1) / (r × (1+r)^n)

Loan principal that fits within max EMI.

Frequently Asked Questions

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Max EMI

Eligible Loan

Frequently Asked Questions

What FOIR do banks use?

Does credit score affect loan eligibility?

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