Loans
Loan Eligibility Calculator
See how much you can borrow for a given EMI. Move the sliders or type exact numbers — results update instantly.
Formula checked by Naman, Fistotex founderLast updated Free · No sign-up · Runs in your browser
Your inputs
Estimated loan amount
₹28,80,771
≈ ₹28.81 Lakh
Principal you can borrow48%
Total interest52%
- Total interest
- ₹31,19,229
- Total payment
- ₹60,00,000
- Principal you can borrow
- ₹28,80,771
Figures are estimates based on the inputs and assumptions shown. Actual outcomes will differ. This is not financial advice.
Guide
Loan Eligibility Calculator: what it does and when to use it
A loan eligibility calculator works backwards from the EMI you are comfortable paying to the maximum loan amount that EMI can repay at a given interest rate and tenure.
Start from your budget rather than the lender's limit. Borrowing only what a comfortable EMI supports keeps the loan manageable if rates rise or income dips.
How to use it: set each input with the slider or type an exact figure. Results, the chart and the shareable link update instantly.
- EMI you can pay
- ₹25,000
- Interest rate
- 8.5%
- Tenure
- 20 years
- Total interest
- ₹31,19,229
- Total payment
- ₹60,00,000
- Principal you can borrow
- ₹28,80,771
- Estimated loan amount
- ₹28,80,771
Method
How this calculation works
The exact formula and assumptions behind the numbers above.
Formula
P = EMI × ((1 + r)ⁿ − 1) ÷ (r × (1 + r)ⁿ)
The EMI formula rearranged to solve for the principal you can borrow.
Assumptions
- This is the reverse of the EMI calculation.
- Lenders also apply income and credit-score limits, so treat this as an upper bound.
Questions
Frequently asked questions
Will the bank lend me exactly this?
Not necessarily. Lenders also consider your income, existing obligations, credit score and the property or asset being financed.
How do banks decide home loan eligibility?
Mainly on net monthly income, existing EMIs (the FOIR ratio), age, credit score, employment stability and the property's value, which caps the loan-to-value ratio.
How can I increase my loan eligibility?
Clearing existing loans, adding a co-applicant with income, choosing a longer tenure and keeping a strong credit score all raise the amount you can borrow.
Disclaimer
This calculator is an educational tool. It provides estimates based on the inputs and assumptions shown, and does not constitute personalised financial, investment or tax advice. Actual returns, interest, taxes and fees will vary. Please consult a qualified professional before making financial decisions.