How much loan can I get on my salary?
This loan eligibility calculator based on salary works out the largest home loan, personal loan or car loan your take-home pay supports, the way Indian banks and housing finance companies size it: what is left of your net income after existing EMIs, under the lender’s FOIR limit, turned into a loan amount at your rate and tenure.
It also applies the two limits that most often cut the number down: a tenure that must end by an age the lender sets (often retirement), and the price of what you are buying — the RBI loan-to-value limit for a home, or the share of the on-road price a lender finances for a car. Everything runs in your browser. It is an estimate, not a sanction or financial advice.
How to use the Loan Eligibility Calculator
- Choose Home loan, Personal loan or Car loan — the rate and tenure fill in with editable examples.
- Enter your net monthly salary, any co-applicant’s net income and the EMIs you already pay.
- Set the lender’s FOIR limit, your interest rate and tenure; add your age to apply the age limit.
- Optionally enter the property value or on-road price, and the loan you need.
- Read the eligible amount, EMI and the table of amounts by tenure and FOIR; copy the result if you like.
Loan Eligibility Calculator features
Salary-based eligibility
Net income × FOIR − existing EMIs gives the largest new EMI; its present value is the loan.
Age and price limits
Tenure is cut to end by the age you set; home loans follow RBI LTV bands and car loans the lender’s share of the price.
Salary needed
Enter the loan you want to see its EMI and the take-home pay it needs.
Tenure × FOIR table
How a longer loan or a lender with a higher FOIR changes the amount.
How loan eligibility on salary is worked out
Lenders look at FOIR — fixed obligations to income ratio: all your EMIs, including the new one, divided by net monthly income. The calculator reverses it: largest new EMI = net income × FOIR − existing EMIs. The loan that EMI repays is EMI × (1 − (1 + r)−n) ÷ r, where r is the monthly rate and n the number of months — the EMI formula run backwards.
Example: a net salary of ₹1,00,000 with ₹10,000 of EMIs and a 50% FOIR leaves ₹40,000 for a new EMI. At 8.5% for 20 years that repays a ₹46,09,234 home loan. If you are 45 and the loan must end by 60, the tenure drops to 15 years and eligibility to ₹40,61,988. On a ₹50 lakh flat the RBI limit (80% for loans above ₹30 lakh) then caps it at ₹40 lakh.
Home, personal and car loans compared
The rates and tenures are only starting values — replace them with the figures in your offer. A personal loan of ₹11.2 lakh needs about ₹25,000 of EMI room over 5 years at 12%; a car loan may be capped by the price long before income runs out.
| Loan | What usually limits it | Example default here |
|---|---|---|
| Home loan | FOIR, age at maturity and RBI LTV: 90% up to ₹30 lakh, 80% up to ₹75 lakh, 75% above | 8.5%, 20 years |
| Personal loan | FOIR and the short tenure; unsecured, so rates are higher | 12%, 5 years |
| Car loan | FOIR and the share of the on-road price financed | 9%, 5 years, 90% of price |
How to raise your eligibility
- Add a co-applicant’s income — a working spouse or parent on the loan.
- Close or prepay a small loan: every ₹1,000 of EMI removed adds about ₹1.15 lakh of 20-year home-loan eligibility at 8.5%.
- Choose a longer tenure, if your age allows it — the table shows the effect.
- Keep a good credit record: it affects both approval and the rate, and a lower rate raises the amount.
Limits of this estimate
There is no regulatory FOIR in India: each bank or NBFC sets its own by income band and product, and may count bonuses, rent or a co-applicant differently. Lenders also check the credit score, employer, job stability and the property’s legal papers. RBI’s LTV bands are as of October 2026. For the home price your savings and stamp duty allow, use the home affordability calculator; for the EMI, schedule and tax benefit, the home loan calculator.
Loan Eligibility Calculator FAQ
How much home loan can I get on a ₹50,000 salary?
With no other EMIs and a 50% FOIR, ₹25,000 can go to the EMI. At 8.5% for 20 years that repays about ₹28.8 lakh; for 30 years, about ₹32.5 lakh. Existing EMIs reduce it rupee for rupee.
What FOIR do banks use?
Each lender sets its own, usually higher for higher incomes. Enter your lender’s figure; the table shows 40%, 50% and 60% for comparison.
Is eligibility based on gross or net salary?
Indian lenders generally work from net take-home pay, after tax and provident fund, which is what this calculator uses.
Does age affect loan eligibility?
Yes. Lenders want the loan repaid by a set age, so an older borrower gets a shorter tenure and a smaller amount for the same EMI.
Can I get a 100% home loan?
No. RBI caps individual housing loans at 90%, 80% or 75% of the property value depending on the loan amount, and stamp duty and registration are paid on top.
Is the result guaranteed?
No. It is an estimate from the figures you enter. The sanctioned amount depends on the lender’s policy and your credit profile.