Enter details
Example data table
| Scenario | Net salary | Existing EMI | Requested amount | Tenure | Interest | Estimated status |
|---|---|---|---|---|---|---|
| Stable salaried profile | PKR 160,000 | PKR 15,000 | PKR 800,000 | 36 months | 22% | Eligible (estimate) |
| Higher deductions | PKR 85,000 | PKR 25,000 | PKR 900,000 | 48 months | 24% | May be limited |
| Short job duration | PKR 120,000 | PKR 10,000 | PKR 700,000 | 24 months | 21% | Not eligible (estimate) |
These examples are illustrative. Your results depend on your inputs and lender policies.
Formula used
- Net Salary:
net = (gross + allowances + other) − (tax + pension + insurance + other deductions) - FOIR (fixed obligation to income ratio): a policy limit used to cap total monthly obligations. This tool estimates FOIR from employment type, income tier, and credit score.
- Affordable New Payment:
maxNew = (net × FOIR) − existingEMI, then a conservative buffer is applied. - Monthly Payment (EMI):
EMI = P × r × (1+r)^n / ((1+r)^n − 1)whereris monthly rate andnis months. - Max Eligible Loan from affordable EMI:
P = EMI × (1 − (1+r)^−n) / r.
The formulas assume standard fixed-rate repayment with equal monthly payments. Some lenders use different rounding and fee handling.
How to use this calculator
- Enter your salary slip values: gross salary, allowances, and deductions.
- Add existing monthly obligations such as current EMI payments.
- Provide slip count and current job duration to reflect documentation strength.
- Enter the requested amount, interest rate, and tenure to estimate monthly payment.
- Press Submit to view eligibility, affordable payment, and the maximum estimated amount.
- Use the download buttons to save a CSV or PDF report.
Tip: If you are close to the limit, try reducing the requested amount or extending tenure to lower the monthly payment.