Loan Eligibility Calculator

Determine your maximum eligible loan amount and EMI based on your income, income type, interest rate, and loan tenure.

Note: The results are indicative and may vary depending on bank policies and your financial profile. For accurate assessment, please contact us directly.

Your Details

Monthly Income (रु)रु50,000

रु10,000रु5 Lakh

Income Type

Salaried (70% of income eligible)Business (100% of income eligible)

Salaried employees can utilize up to 70% of monthly income for loan eligibility.

Annual Interest Rate (% p.a.)8.50%

0%25%

Loan Term (Years)5 years

1 year25 years

Quick Presets

How Loan Eligibility Works

Income Assessment

We evaluate your monthly income and classify it based on your income type (salaried or business) to determine your eligible income portion.

EMI Calculation

Based on eligible income, we calculate your maximum EMI capacity where your EMI is limited to 85% of your eligible income.

Loan Amount

Using the EMI formula, we determine the maximum loan amount you can borrow for your chosen tenure and interest rate.

Income Type Matters

Salaried employees have a eligible income (75%) compared to business owners (100%)

Tenure Impact

Longer loan tenures result in smaller monthly EMI, thus allowing you to borrow more while maintaining the same EMI-to-income ratio.

Financial Health

Maintaining your EMI-to-income ratio between 30-50% ensures you have sufficient income left for other essential expenses.