Loan Eligibility Calculator
Estimate your loan eligibility based on income & expenses.
Inputs
Enter values below and click calculate to see results.
Results
Your output will appear below once all required inputs are provided.
Result
Enter values to see the result
Formula
Eligible Loan = EMI Capacity * ((1+r)^n - 1) / (r * (1+r)^n) where r = monthly rate
Example
Assuming 50% of disposable income can be used for EMI, this estimates maximum loan eligibility.
monthlyIncome
80000
monthlyObligations
15000
rate
8
tenure
20
Expected result
3885514.48
FAQ
Common questions about this calculator.
What is loan eligibility?
It is the maximum loan amount a lender may approve based on your income and obligations.
Why do obligations matter?
Existing EMIs or debts reduce the amount you can pay toward a new loan.