Loan Eligibility Checker
Stop the guesswork. Use our institutional-grade engine to find out exactly how much a bank is likely to lend you based on your current financial profile.
Financial Profile
$
$
Monthly Income Allocation
Loan Ready
Estimated Eligibility
$347,570
Max Monthly EMI: $2,800
Based on a 50% Debt-to-Income ratio (FOIR).
How to increase your borrowing power?
- Clear high-interest credit card debt first to release FOIR bandwidth.
- Add a co-applicant to pool incomes and double your eligibility.
- Opt for a longer tenure to reduce EMI and qualify for higher amounts.
What is FOIR?
Fixed Obligation to Income Ratio (FOIR) is the primary metric banks use to decide your eligibility. Ideally, your total monthly debt payments (including the new loan) should not exceed 50% of your net take-home pay.
FOIR = (Total Monthly Debts / Monthly Salary) × 100
Why Check Before Applying?
Every time you apply for a loan and get rejected, your credit score takes a small hit. By checking your eligibility first, you can apply only when you're confident, protecting your score for the long term.