Calculator
How much can you borrow?
Lenders size a loan against what your income can service after existing commitments. Set your numbers below to see the indicative ceiling — and what moves it.
Include every running loan and card instalment.
The share of income a lender lets all EMIs take up. Most sit between 40% and 60%.
- EMI you can afford
- ₹29,500
- Assumed rate
- 12.00% p.a.
- Over
- 60 months
- Total payable
- ₹17,70,000
An estimate, not an offer. Lenders also weigh your credit score, employer, job stability and the property or asset involved.
See offers at this amountHow lenders decide
Income first, then everything else
Retail underwriting starts with a simple question: after your existing obligations, how much of your monthly income is left to service a new EMI? The lender applies a FOIR ceiling — typically 40% to 60% of net income — subtracts the EMIs you already pay, and whatever remains is the instalment you can support. Running that instalment backwards through the EMI formula gives the loan amount.
What the formula cannot see
Income sets the ceiling, but it is not the whole decision. Lenders also read:
- Credit score and history — a thin file or recent defaults can reduce the amount or raise the rate, regardless of income.
- Employer and job stability — many lenders grade employers, and a short tenure in a current job can count against you.
- Age at maturity — the loan generally has to end before a set age, which caps the tenure and therefore the amount.
- The asset, for secured loans — a home loan or loan against property is also capped by the loan-to-value ratio on the property itself.
The sanction is the lower of two numbers
For any secured loan, two independent limits apply at once: what your income can service, and what the security is worth. The lender sanctions the lower of the two. A high income does not unlock a larger home loan than the property's valuation supports, and a valuable property does not unlock more than your income can repay.
FAQs
Eligibility questions, answered
What is FOIR?
FOIR — the fixed obligation to income ratio — is the share of your net monthly income that a lender will allow all your EMIs to consume, including the new loan. Most retail lenders work to a limit between 40% and 60%. A borrower earning ₹1,00,000 a month with a 50% FOIR can support ₹50,000 of total EMIs, minus whatever existing loans already take.
Why does my eligibility fall when I already have loans?
Because existing EMIs are counted first. They come out of the FOIR ceiling before the new loan is considered, so every running obligation directly reduces what you can borrow. Closing a small loan shortly before applying often raises eligibility more than people expect.
Does a longer tenure increase how much I can borrow?
Yes, and noticeably. A longer term spreads the same principal over more instalments, so each EMI is smaller and more principal fits under your FOIR ceiling. The cost is more total interest — stretching the tenure to qualify for a larger loan is a real trade-off, not a free one.
Is this the amount a lender will definitely give me?
No. This is an income-based estimate. Lenders also weigh your credit score, employer category, job stability, age at maturity and, for secured loans, the value of the property or asset. The final sanction is whichever is lower: what your income supports, or what the security supports.
How can I improve my eligibility?
Clear small running loans, keep credit card utilisation low, avoid new credit enquiries in the months before you apply, add an earning co-applicant, or choose a longer tenure. For secured loans, a larger down payment lowers the amount you need to borrow in the first place.
Turn the estimate into real offers
Checking offers is a soft enquiry, so your credit score is not affected.