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Personal loan eligibility calculator

How much you could borrow on your income and current EMIs, worked out the way lenders do it.

Net salary after tax and PF, or average monthly business income

Add 5% of any credit card balance you carry

Often 40% to 60%; higher incomes usually get more

You could borrow up to about
₹7,45,000
Largest new EMI
₹20,000 a month
All EMIs as a share of pay
50%
Loan you could get at different FOIR limits
FOIRLargest EMILoan amount
40%₹15,000₹5,59,000
50%₹20,000₹7,45,000
60%₹25,000₹9,31,000

An estimate from income alone. Lenders also look at your credit score, employer, age and city, and set their own FOIR and loan limits.

Want an actual offer, not an estimate?

Check your loan offers

Via our referral partner. It uses your PAN, credit score and income to suggest lenders likely to approve you. Approval isn't guaranteed. We may earn a commission. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.

How the calculator works

  • Largest new EMI = take-home pay × FOIR − EMIs you already pay.
  • Loan amount = what that EMI repays at your rate and tenure (reducing balance, monthly rests), rounded down to the nearest ₹1,000.
  • It doesn't include the processing fee, which is taken from the loan, or each lender's maximum loan and minimum income rules.

Next, see what that loan really costs with the EMI calculator. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.

Questions people ask

What is FOIR?

FOIR, the fixed obligations to income ratio, is the share of your monthly income that goes to EMIs, including the new loan. Lenders cap it, often somewhere between 40% and 60% of take-home pay, so your income and current EMIs decide the largest new EMI you can get.

How do lenders calculate personal loan eligibility?

They take your net monthly income, multiply it by the FOIR they allow, subtract the EMIs you already pay, and treat what's left as the largest new EMI. The loan amount is whatever that EMI repays at the offered rate and tenure. Then they check your credit score, employer, age and city before deciding.

How can I get a bigger loan?

Choose a longer tenure (a smaller EMI repays a bigger loan), close or prepay small loans to free up EMI room, pay off card balances you carry, add a co-applicant's income where the lender allows it, and keep your credit score high so you're offered a lower rate.

Do credit card balances count as EMIs?

Many lenders count about 5% of a credit card balance you carry as a monthly obligation, even if you only pay the minimum due. Add that to the existing EMIs field for a closer estimate.

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