✅ Finance Tool
Loan Eligibility
Calculator
Check how much home loan or personal loan you can get based on your monthly salary and existing EMIs. Works for SBI, HDFC, ICICI, Axis & all major Indian banks.
Check how much home loan or personal loan you can get based on your monthly salary and existing EMIs. Works for SBI, HDFC, ICICI, Axis & all major Indian banks.
The Loan Eligibility Calculator by WorldOfTools instantly estimates the maximum home loan or personal loan you can get based on your monthly salary, existing EMI obligations, and bank-specific FOIR (Fixed Obligation to Income Ratio) limits.
Indian banks typically allow your total EMI obligations to be between 40–60% of your net monthly income. This calculator shows your maximum eligible EMI, the loan amount this translates to, and how your eligibility compares across major banks like SBI, HDFC, ICICI, Axis, and Kotak.
Enter Your Income — Enter your net monthly take-home salary. Add co-applicant income if applicable (spouse, parent).
Enter Existing EMIs — Add all current monthly loan EMIs (car loan, personal loan, credit card minimum dues). This reduces your available budget.
Set Rate & Tenure — Enter the expected interest rate and desired loan tenure. Longer tenures increase eligibility by reducing the monthly EMI burden.
Click Check Eligibility — Instantly see your maximum eligible loan amount, EMI capacity, FOIR utilization, and bank-wise estimates.
With ₹50,000 net salary and no existing EMIs, at 50% FOIR your max EMI is ₹25,000/month. At 8.5% p.a. for 20 years, this gives approximately ₹24–₹25 lakh loan. Use this calculator for your exact figure.
FOIR (Fixed Obligation to Income Ratio) is the maximum percentage of your income banks allow for total monthly EMI obligations. Most banks set this at 40–60%. Higher income or better credit score may unlock higher FOIR.
Yes. Your existing EMIs reduce the available EMI budget for the new loan. For example, if your income allows ₹30,000 EMI and you already pay ₹10,000 EMI, you can only service ₹20,000 new EMI.
Yes. Most banks allow joint home loans where both spouses' incomes are combined. Add co-applicant income in the calculator to see the joint eligibility.
Most banks require a minimum net monthly salary of ₹25,000–₹30,000 for home loans. For personal loans, some banks approve from ₹15,000/month. PSU banks like SBI may have different thresholds.
This uses standard FOIR-based calculation used by most Indian banks. Actual eligibility may vary based on credit score, employer type, property location, and bank-specific policies. Use this as a reliable estimate.