Loan Eligibility Calculator
Lenders decide how much you can borrow by capping the share of your gross monthly income that goes to servicing all debt combined. That ceiling is the Fixed Obligation to Income Ratio, or FOIR. The calculator below applies it to your income and existing EMIs to give an indicative amount. It is an estimate, not an offer - the lender makes the actual assessment.
Indicative loan amount
₹43.21 Lakh
An estimate from income and obligations only, not an offer
Lenders cap total EMIs at a share of gross income. This calculator applies 50% for your income band. The lender's own assessment also weighs credit score, employment and the property.
Year-by-year repayment schedule
How each year splits between interest and principal. Early years are mostly interest, which is why prepaying early saves so much more than prepaying late.
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹86,001 | ₹3,63,999 | ₹42,35,155 |
| 2 | ₹93,603 | ₹3,56,397 | ₹41,41,552 |
| 3 | ₹1,01,876 | ₹3,48,124 | ₹40,39,676 |
| 4 | ₹1,10,881 | ₹3,39,119 | ₹39,28,795 |
| 5 | ₹1,20,682 | ₹3,29,318 | ₹38,08,113 |
This calculator returns arithmetic on the figures you enter. It is not an offer, does not check your eligibility, and cannot predict the rate a lender will sanction. Loans Got Easy is an authorised Direct Selling Agent - we do not sanction, approve or disburse loans.
How FOIR decides the answer
If a lender works to a 50% FOIR and your gross monthly income is 1 lakh, the total of all your EMIs may reach 50,000. An existing car loan EMI of 15,000 leaves 35,000 for the new loan, and the amount that 35,000 supports depends on the rate and tenure. This is why two people on identical salaries can be assessed for very different amounts, and why the calculator asks for existing EMIs rather than income alone.
The FOIR band is not fixed
Lenders apply a tighter ratio at lower incomes because fixed living costs consume a larger share of a smaller salary, and a looser one at higher incomes. Roughly 40% below 30,000 a month, rising through 45% and 50% to around 55% for high earners, is a reasonable working model and is what this calculator uses. Individual lenders differ, and some apply a different ratio again for self-employed applicants.
What raises the assessed amount
Closing a small existing loan releases its full EMI back into the allowance, and can raise the sanctioned amount by considerably more than the loan being closed was worth. Adding an earning co-applicant pools incomes. A longer tenure lowers the EMI and therefore raises the supported principal, at the cost of far more total interest. A higher credit score does not change FOIR directly, but it improves the rate, which raises the amount the same EMI supports.
What this calculator cannot tell you
It works from income and obligations only. A lender's actual decision also weighs credit score and history, employment stability and employer category, age at loan maturity, the property or asset where one is involved, and its own exposure norms. A clean estimate here is a good sign, not an approval, and the two can diverge for reasons that have nothing to do with income.
Rates sourced from partner lender published rate schedules, last verified August 2026. Figures produced by this calculator are indicative and depend entirely on the inputs you provide. The rate you are offered is set by the lender based on your credit profile, income, employer, loan amount and tenure.
Frequently Asked Questions
At a 45% FOIR with no existing EMIs, about 22,500 a month is available for servicing. At 8.5% over 20 years that supports roughly 25.9 lakh. Existing EMIs reduce it directly, a longer tenure raises it, and the lender's own credit assessment may land somewhere different.
Want this checked against real lender criteria?
Share your details and a senior advisor will call you back within 24 hours.
Rates last verified August 2026. Loans Got Easy is a loan advisory and Direct Selling Agent. We do not sanction, approve or disburse loans - the lender does, based on its own credit assessment.