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Loan Eligibility Calculator

Estimate the maximum loan amount you could qualify for, based on your income.

Inputs

%
%

The share of income lenders typically allow toward all EMIs combined.

% p.a.
% p.a.

years
years

Saved Scenarios

— select 2+ to compare

Eligible Loan Amount

₹38,90,073

Maximum EMI

₹35,000

Spark says

How it's calculated

What is the Loan Eligibility Calculator?

Loan eligibility estimates the maximum amount a lender is likely to approve, based on how much of your income can go toward EMIs without exceeding a safe debt-to-income ratio.

How to use it

  1. 1 Enter your monthly income.
  2. 2 Enter any EMIs you're already paying.
  3. 3 Set the maximum debt-to-income ratio your lender allows.
  4. 4 Enter the expected interest rate and tenure.

Limitations

  • •Actual eligibility varies by lender and also depends on credit score, employment type and other factors this calculator doesn't model.

Tips

  • 💡 Paying down existing EMIs before applying can meaningfully raise your eligible amount.

Frequently asked questions

What is FOIR / debt-to-income ratio?

It's the percentage of your monthly income that lenders allow to go toward all loan repayments combined. A lower ratio is more conservative; most lenders use 40-50%.