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Loan Eligibility Calculator: Based on 50% FOIR
Estimate how much you can borrow. Based on the 50% FOIR norm, up to half your income can go toward this loan's EMI after existing obligations.
HOW TO USE
- 1Enter your net monthly income in rupees.
- 2Add any existing monthly EMIs you already pay.
- 3Set the expected interest rate and loan tenure.
- 4Read off the maximum loan amount, EMI and total interest.
EXAMPLE
INPUT
₹1,00,000 income, no existing EMIs, 8.5%, 20 years
OUTPUT
Max loan with max EMI of ₹50,000 per month
FAQ
What is the FOIR norm?
FOIR (Fixed Obligation to Income Ratio) is the share of your monthly income lenders assume can go toward EMIs. Most banks cap it at 50% — including your existing EMIs.
Is this amount guaranteed?
No. Banks also check your credit score, job stability and the property value. This is an estimate of what the FOIR norm allows.
Can I get a higher loan?
Some lenders go beyond 50% for high-income borrowers or allow a co-applicant whose income is added to yours. A co-applicant effectively doubles the eligible EMI capacity.