RapidCheck

Car Loan Eligibility Checker

Estimate the car loan amount you can qualify for.

Last updated: 20 Aug 2026

Quick answer

Car loan eligibility is based on FOIR — your affordable EMI (up to about 50% of income after existing EMIs) converted into a loan at the car-loan rate and tenure. Enter your income and details above for an estimate.

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Estimate your car loan eligibility from income and obligations using the FOIR method, at typical car-loan rates and tenures.

How to check car loan eligibility

  1. 1 Enter your net monthly income and existing EMIs.
  2. 2 Add the car-loan rate and tenure.
  3. 3 We estimate your eligible loan amount.

Frequently asked questions

How much car loan can I get?
Lenders finance based on your FOIR (affordable EMI) and often up to 85–90% of the on-road price.
What tenure is available?
Car loans usually run 1–7 years; a longer tenure raises eligibility but total interest too.
Does a down payment help?
Yes — a larger down payment reduces the loan needed and improves approval odds.

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