Use this loan eligibility calculator to find out how much loan you can get based on your monthly income, existing EMI, interest rate, and loan tenure. This tool is useful for home loan, personal loan, and car loan planning.
Banks usually allow up to 40%–50% of your monthly income as EMI. This calculator assumes a safe EMI limit of 40% of your income.
| Monthly Income | Max EMI Allowed | Loan Amount |
|---|---|---|
| ₹50,000 | ₹20,000 | ₹23–25 Lakhs (approx) |
Loan eligibility is the maximum loan amount a bank or lender is willing to give you based on your income, expenses, credit score, and repayment capacity.
Yes. Existing EMIs reduce your remaining repayment capacity, which lowers your eligible loan amount.
This calculation applies to home loans, personal loans, car loans, and education loans.
This calculator gives an estimate. Actual eligibility may vary based on bank policies and credit score.
Increase income, reduce existing EMI, choose longer tenure, or apply with a co-applicant.