📊Loan Eligibility Calculator
Calculate Your Loan Eligibility
Calculate maximum loan amount based on your income
Income Details
Enter your financial details
About Loan Eligibility Calculator
A loan eligibility calculator helps you determine the maximum loan amount you can get based on your income, existing EMIs, and other factors. Banks typically allow 40-60% of your monthly income as EMI.
Key Factors
- Monthly income and existing EMIs
- EMI to income ratio (typically 40-60%)
- Interest rate and loan tenure
- Credit score and employment stability
Frequently Asked Questions
Loan eligibility is calculated based on your monthly income, existing EMIs, age, credit score, and the lender's eligibility criteria. Generally, your total EMIs should not exceed 40-50% of your monthly income.
Factors affecting loan eligibility include monthly income, existing loans, credit score, age, employment stability, and the type of loan you're applying for.