Personal Loan Eligibility Calculator
Personal loan eligibility is assessed on income, existing obligations and credit profile, with no collateral to fall back on. Lenders cap the total of all your EMIs at a share of gross monthly income, and many also apply a multiple of net salary as a second ceiling.
Indicative loan amount
₹14.12 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 | ₹2,29,219 | ₹1,30,781 | ₹11,83,069 |
| 2 | ₹2,53,196 | ₹1,06,804 | ₹9,29,872 |
| 3 | ₹2,79,682 | ₹80,318 | ₹6,50,191 |
| 4 | ₹3,08,937 | ₹51,063 | ₹3,41,253 |
| 5 | ₹3,41,253 | ₹18,747 | ₹0 |
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.
Two ceilings, and the lower one wins
Most lenders apply a FOIR cap of roughly 40% to 55% depending on income band, and separately a multiple of net monthly salary, commonly 10 to 24 times. Whichever produces the smaller figure is the constraint. For borrowers with existing EMIs the FOIR is almost always the binding one, which is why closing a small loan can raise the assessment more than a salary increment would.
Employer category is a real input
Unsecured lenders maintain internal employer lists, and where you work affects both whether you are approved and at what rate. Large listed companies, established IT services firms, government and PSU employment sit at the top. Small private employers, contract roles and recently joined applicants are assessed more cautiously. This is not published, but it is why two applicants with identical salaries receive different offers.
Credit score sets the rate, and the rate sets the amount
A score above 750 generally accesses the published rates. Between 700 and 750, approval is likely but priced higher. Below 700, options narrow considerably. Because a lower rate means the same affordable EMI supports a larger principal, the score affects the amount available as well as its cost - the two are not independent.
Multiple applications hurt
Each formal application creates a hard enquiry on your credit report, and several in a short window signal credit hunger to every lender that looks afterwards. Applying to five lenders simultaneously to compare offers is actively counterproductive. Check eligibility informally first, then apply to the one or two that genuinely fit.
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 50% FOIR with no existing EMIs, about 30,000 a month is available for the EMI. At 12% over 5 years that supports roughly 13.5 lakh, subject to the lender's salary-multiple cap and its credit assessment. Existing EMIs reduce this directly.
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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.