Find out the maximum loan amount you can get based on your salary, existing obligations and CIBIL score — before you apply.
Banks in India use FOIR (Fixed Obligation to Income Ratio) to determine loan eligibility — typically allowing 40–55% of your net monthly income toward total EMI obligations. This calculator shows you the maximum loan amount you qualify for across major lenders, and how improving your credit score or reducing existing EMIs can significantly increase your eligibility.
FOIR (Fixed Obligation to Income Ratio) is the percentage of your monthly income that can go toward all loan EMIs combined. Banks allow 40–55% typically. If your salary is ₹1L and FOIR is 50%, your total monthly EMI (existing + new) cannot exceed ₹50,000.
750+ for best rates (8.5–9% for home loans). 700–749: approval likely but slightly higher rate. 650–699: may require extra documentation or higher rate. Below 650: many banks will reject; approach NBFCs or improve score first.
1) Add a co-borrower (working spouse). 2) Close existing small loans. 3) Choose longer tenure (25–30 years). 4) Opt for balance transfer from existing high-rate home loan to get better overall FOIR. 5) Include variable income with supporting ITR documents.
Yes, but with more documentation — last 3 years ITR, CA-certified P&L, business bank statements. Banks assess average 2-year net profit as income. Higher CIBIL score (750+) is even more important for self-employed applicants.
Typically up to 30 years, but capped at age 70–75 at the time of last EMI. So a 50-year-old can typically get maximum 20–25 year tenure. Retirement age matters — banks prefer loan closure before retirement.
Yes significantly. A ₹50,000 home loan EMI reduces personal loan eligibility substantially. Banks look at total FOIR including all obligations. Pay down or foreclose small personal loans before applying for larger loans.
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