🧮 100% free · no login · works on mobile

Loan Eligibility Calculator (Salary, FOIR & LTV)

Enter your in-hand income, existing EMIs and age. The calculator works out the maximum EMI lenders usually allow (FOIR), converts it into a loan amount for the rate and tenure, applies the age limit and, for home loans, the RBI loan-to-value cap, and tells you which one limits you.

QUICK ANSWERBanks first cap your total EMIs at 40–60% of net monthly income (FOIR). Max new EMI = income × FOIR − existing EMIs. The loan amount is that EMI’s present value at the loan rate and tenure. Example: ₹85,000 income, 50% FOIR and ₹12,000 existing EMIs give a ₹30,500 EMI, which is about ₹35 lakh over 20 years at 8.5%. For home loans RBI limits the loan to 90% / 80% / 75% of property value.

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What you get free in the Loan Eligibility Calculator

✅ Home, personal, car, business loans
✅ FOIR with existing EMIs
✅ Co-applicant income
✅ Age-based tenure cap
✅ RBI LTV cap for home loans
✅ Tips to raise eligibility

How to use the Loan Eligibility Calculator

STEP 1
Pick loan type
Defaults for rate, tenure and FOIR load for that loan.
STEP 2
Enter income and EMIs
Net monthly income, any co-applicant and all current EMIs.
STEP 3
Add age and property
Age limits tenure; property value applies the LTV cap.
STEP 4
Read the result
Eligible amount, max EMI, limiting factor and how to improve.

What decides your loan eligibility

Income and existing obligations decide the EMI you can carry. Age decides tenure, since most lenders want the loan closed by 60 (salaried) or 65–70 (self-employed). Credit score affects both rate and FOIR. For home loans, the property value caps the loan through RBI’s loan-to-value limits.

This is an estimate. Each lender uses its own FOIR grid, income documents and credit policy, so the sanctioned amount can differ.

Frequently asked questions

How much home loan can I get on ₹50,000 salary?

With no other EMIs and 50% FOIR, about ₹25,000 EMI, which is roughly ₹28–29 lakh over 20 years at 8.5%. Existing EMIs reduce it rupee for rupee.

What is FOIR?

Fixed Obligation to Income Ratio: total EMIs (including the new loan) as a share of net monthly income. Most lenders allow 40–55%, higher for high incomes.

What are the RBI LTV limits for home loans?

Up to 90% of property value for loans up to ₹30 lakh, 80% for ₹30–75 lakh and 75% above ₹75 lakh.

Is this tool free? Do I need to sign up?

Yes, it is completely free with no login and no limit on entries. Signing up for FastFee is optional. The free plan keeps your records synced across devices; automatic WhatsApp reminders, UPI AutoPay and team logins are on FastFee Premium.

Where is my data stored?

Only in your browser on this device (local storage). Nothing is uploaded to FastFee. Clearing browser data deletes it, so export a CSV or PDF backup regularly.

Need the full software?

Loan management software →FastFee’s complete solution with online collection and automation.Free EMI collection software for lenders →FastFee’s complete solution with online collection and automation.

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