Check Loan Eligibility

Assess your loan eligibility instantly under Indian banking criteria including CIBIL tiers, RBI Fixed Obligation limits, and multi-loan capacity.

Your Financial Profile
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₹
Years
Pts
Eligibility Status
75% Good
Maximum Eligible Home Loan Amount ₹ 28,45,120
FOIR Assessment Details
Assessed Income Ratio (FOIR Limit) 50%
Max Total Monthly EMI Cap ₹ 30,000
Existing Monthly EMIs ₹ 12,000
Available Monthly EMI Capacity ₹ 18,000
Excellent standing. Your low existing EMI obligations allow you to qualify for a substantial loan amount. Keep a high CIBIL score to get the best interest rates.

Eligible Amount Across Different Loan Types

Home Loan

₹ 28.45 L Interest @ 8.5% p.a.

Personal Loan

₹ 7.20 L Interest @ 10.5% p.a.

Car Loan

₹ 11.40 L Interest @ 9.0% p.a.

Business Loan

₹ 14.40 L Interest @ 12.0% p.a.

Indian Loan Eligibility & RBI Guidelines

What is FOIR (Fixed Obligation to Income Ratio)?

FOIR is a primary parameter used by banks and financial institutions in India to determine an applicant's loan eligibility. It measures the percentage of net monthly income that goes into paying fixed monthly obligations (such as existing home, car, or personal loan EMIs).

According to Reserve Bank of India guidelines, banks must ensure that borrowers maintain a healthy disposable surplus to meet living expenses, typically caping total obligations between **40% and 55%** of net income.

Key Determinants of Eligibility

  • Credit Score (CIBIL): A CIBIL score of 750 or above is considered excellent. Scores below 650 represent high credit risk and can lead to higher interest rates or immediate rejection.
  • Net Monthly Surplus: The amount left after subtracting existing obligations from your FOIR limit. A higher surplus leads directly to higher loan amount approvals.
  • Salary Multiplier Rule: For unsecured loans like Personal Loans, banks apply a multiplier (usually 10 to 18 times) to the net monthly salary as a maximum exposure limit.
  • Tenure Flexibility: Toggling a longer tenure reduces your monthly EMI, which allows you to borrow a larger loan amount for a given monthly capacity, though you pay more interest over time.
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