RapidCheck

Loan Eligibility Checker

Find out how much loan you can get based on your income, existing EMIs, interest rate and tenure.

Last updated: 8 Aug 2026

Quick answer

Your loan eligibility is the loan amount your income can support after existing EMIs, based on FOIR — lenders typically allow your total EMIs to be up to about 50% of your net monthly income. Enter your income, existing EMIs, interest rate and tenure above to estimate your eligible amount instantly.

₹

Your take-home pay per month.

₹

Total of loan/card EMIs you already pay. Leave 0 if none.

% p.a.
years

Wondering how much loan you can get? Lenders in India decide your loan amount using your FOIR — the share of your monthly income they allow you to spend on all EMIs combined (typically around 50%). This checker applies the same logic: it works out your affordable EMI after existing obligations, then converts it into an eligible loan amount using the standard reducing-balance formula.

How loan eligibility is calculated

  1. 1 Enter your net monthly income and any EMIs you already pay.
  2. 2 Add the expected interest rate and how long you want to repay (tenure).
  3. 3 We compute the EMI you can afford (up to ~50% of income) and reverse it into a loan principal.
  4. 4 You get an indicative eligible amount, total interest and total payable.

Frequently asked questions

How is loan eligibility calculated?
Most Indian lenders use FOIR (Fixed Obligation to Income Ratio). They cap your total EMIs at roughly 50% of your net monthly income, subtract any existing EMIs, and convert the remaining affordable EMI into a loan amount using your interest rate and tenure.
Is this the exact amount a bank will sanction?
No. This is an indicative estimate. The actual sanctioned amount also depends on your credit score, employment type, the specific loan product, and each lender's internal policy.
How can I increase my loan eligibility?
Increase your income, close or reduce existing EMIs, choose a longer tenure, add a co-applicant, or improve your credit score before applying.
Does a longer tenure mean a bigger loan?
Yes — a longer tenure lowers the monthly EMI, so the same affordable EMI can support a larger principal. The trade-off is that you pay more total interest over the life of the loan.

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