Loan Amount Eligibility Calculator

See how much you may qualify to borrow today. Include co-income, expenses, and lender ratios. Compare requested amount and export a clean summary instantly.

Enter your details
Use monthly amounts. The calculator estimates a practical maximum based on ratios and caps.
DTI uses gross income; FOIR uses net after reserve.
Common ranges: 30%–50% depending on policy.
Reserve reduces usable net income for FOIR.
Used for LTV cap when provided.
If set, it limits the final result.
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Example data table
A sample scenario to validate the calculator quickly.
Scenario Income (monthly) Existing EMIs Rate Term Max Ratio Estimated Eligible
Base case ₨ 275,000 ₨ 30,000 24% 5 years 40% ≈ ₨ 6,050,000
Higher rate ₨ 275,000 ₨ 30,000 30% 5 years 40% ≈ ₨ 5,500,000
Longer term ₨ 275,000 ₨ 30,000 24% 7 years 40% ≈ ₨ 7,600,000
Numbers are illustrative; actual results depend on your inputs and caps.
Formula used
This calculator uses an annuity-based payment model.
  • Max new EMI capacity = (Allowed total debt payment) − (Existing obligations)
  • Allowed total debt payment = Income × Max Ratio
  • Loan by EMI capacity (Present Value):
PV = EMI × (1 − (1 + r)−n) / r
Where r is monthly interest rate and n is number of months.
  • Risk adjustment = PV × (credit multiplier) × (employment multiplier) × (age multiplier)
  • Final eligible amount = minimum of (risk-adjusted PV, collateral cap, lender cap)
How to use this calculator
A quick workflow for consistent results.
  1. Enter monthly income, deductions, expenses, and existing obligations.
  2. Select a ratio and method (DTI for gross, FOIR for usable net).
  3. Set rate and term; add property value to apply an LTV cap.
  4. Optionally enter a requested amount to compare eligibility.
  5. Review caps, chart, and export your results to CSV or PDF.

DTI and FOIR guide decisioning

Most underwriting starts with a payment ratio. If the policy allows 40% and your gross income is ₨275,000, the total debt-payment limit is ₨110,000. With ₨30,000 existing EMIs, your new EMI capacity is ₨80,000. FOIR is usually stricter because it uses usable net income after deductions, living costs, and an optional reserve buffer. For quick checks, many borrowers target 35% to 45% total obligations monthly.

Interest rate shapes the present value

The calculator converts EMI capacity to a loan amount using an annuity present value. At 24% per year, the monthly rate is about 2.0%; at 30% it is about 2.5%. Using ₨80,000 for 60 months, the PV is roughly ₨6.05M at 24%, but closer to ₨5.50M at 30%. Higher rates reduce PV because more of each payment goes to interest. Shorter terms reduce eligibility but can lower interest.

Term extension increases eligibility but adds interest

Increasing the term spreads repayment across more months, raising PV for the same EMI. Moving from 60 to 84 months can lift eligibility from about ₨6.05M to around ₨7.60M at a 24% rate. The trade-off is total repayment: ₨80,000 × 84 months equals ₨6.72M of payments, so longer terms may increase total interest even when the EMI fits the ratio.

Collateral caps limit the outcome

If collateral is entered, LTV becomes a hard ceiling. With a ₨10.0M property and an 80% LTV rule, the cap is ₨8.0M. A ₨2.0M down payment implies a maximum loan of ₨8.0M, matching the LTV limit; a smaller down payment could still be capped at ₨8.0M. In real reviews, valuations and haircuts can tighten the cap further. Policies vary widely.

Risk multipliers create conservative buffers

Risk adjustments are applied as multipliers: credit band, employment stability, and age. For example, “Good” credit (0.96) and self-employed (0.95) produce 0.912 before age. If the EMI-based amount is ₨6.05M, a 0.912 multiplier reduces it to about ₨5.52M. This keeps estimates conservative when documentation or income stability is uncertain.

FAQs
Quick answers to common eligibility questions.

1) What’s the difference between DTI and FOIR here?

DTI uses gross income to set the total debt payment limit. FOIR uses usable net income after deductions, expenses, and a reserve buffer, usually producing a more conservative result.

2) Why can my eligible amount be lower than the EMI-based amount?

The EMI-based amount is only one cap. Risk multipliers, collateral LTV limits, and lender caps can reduce the final eligible amount because the calculator uses the minimum of all applicable caps.

3) Should I include bonuses or irregular income?

Include only stable, recurring monthly income. If bonuses vary, convert to a conservative monthly average or place it under other income with caution to avoid overstating eligibility.

4) How does the reserve percentage affect results?

Reserve reduces usable net income used in FOIR. Higher reserves lower the allowed debt payment and reduce EMI capacity, which directly lowers the eligible loan amount.

5) Does the calculator guarantee approval?

No. It estimates eligibility using common underwriting logic. Lenders also review credit history, documentation, collateral valuation, policy exceptions, and internal scoring before final approval.

6) How do I use the chart effectively?

Focus on the lowest bar, because it becomes the final estimate. If requested amount exceeds that bar, adjust term, reduce obligations, increase down payment, or lower the requested amount.

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Important Note: All the Calculators listed in this site are for educational purpose only and we do not guarentee the accuracy of results. Please do consult with other sources as well.