✅ Loan Eligibility Calculator

Find How Much Loan You Can Get Based on Salary 2026

Monthly Net Salary / Income (₹)

Existing EMIs per Month (₹)

Loan Type

Loan Tenure (Years)

Expected Interest Rate (% p.a.)

Maximum Loan Amount

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Max Affordable EMI

₹0

FOIR Used

Available Income

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Total Repayable

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📋 How Banks Calculate Loan Eligibility

Banks use FOIR (Fixed Obligation to Income Ratio) — your total EMI obligations (existing + new) should not exceed a % of your income:

Loan Type	Typical FOIR Limit	Income Range
Home Loan	40–50%	All income levels
Personal Loan	40–50%	Above ₹25K/month
Car Loan	50–55%	All income levels

Example: ₹80,000 income, ₹10,000 existing EMI, 50% FOIR → Max new EMI = ₹30,000

💡 How to Increase Your Loan Eligibility

Add co-applicant (spouse/parent) — their income gets added
Pay off existing loans before applying — reduces FOIR burden
Longer tenure → lower EMI → higher eligibility (but more interest)
Improve CIBIL score to 750+ — unlocks better rates and higher amounts
Include all income sources: salary + rent + freelance + bonus

FAQs

How many times salary do banks give as home loan?

Most banks give home loans of 60–72 times monthly net salary. So ₹80,000/month net → eligible for ₹48–58 lakh home loan. For income above ₹1 lakh/month, some banks stretch to 80x. The multiplier reduces with existing EMIs and lower CIBIL scores.

Does loan eligibility differ between banks?

Yes — significantly. FOIR limits, income multipliers, and how they treat variable income (bonuses, freelance) vary by bank. Always apply to 2–3 banks and compare. NBFC (non-bank finance companies) typically have higher eligibility but also higher interest rates.