About the Loan Eligibility Calculator
Before you shop for a loan, it helps to know roughly how much you could realistically borrow. This estimator models the way a lender broadly thinks about capacity: it starts with your income, subtracts what you already pay each month in EMIs, and caps the rest at a share of your income lenders call the FOIR (Fixed Obligation to Income Ratio), then converts that into an estimated loan amount at the rate and tenure you choose.
Who should use this calculator
Anyone starting their loan search who wants a realistic number before talking to a lender, anyone with existing EMIs who wants to see how much room is left, and anyone comparing how age, employment type or credit score affects what they could borrow.
Documents lenders typically check for eligibility
- PAN card and identity/address proof
- Salary slips or ITR, depending on employment type
- Bank statements showing income credits and existing EMI debits
- Credit bureau report (CIBIL or equivalent)
- Details of any existing loans or credit card dues
What affects how much you can borrow
- Income and its stability. Self-employed income is often discounted relative to a salaried income of the same size, because it is harder to verify.
- Existing EMIs. Every rupee already committed each month reduces what a new loan can use.
- Credit score. A strong score does not just improve your rate, at many lenders it also raises the FOIR they are willing to allow.
- Age and tenure. Lenders generally expect a loan to be repaid by a certain age, which caps the tenure, and a shorter tenure lowers the amount you can borrow at the same EMI.
This is an educational estimate, not an eligibility decision. Actual underwriting also uses bureau data, banking conduct and lender-specific policy. For a realistic read on what you would actually be approved for, message a Kaithi Finance loan expert on WhatsApp.
Frequently asked questions
How much home loan can I get on my salary?
Lenders usually allow total EMIs of roughly 40% to 60% of your monthly income (the FOIR). On a ₹1,00,000 monthly income at a 50% FOIR with no existing EMIs, that is about ₹50,000 of EMI capacity, roughly ₹57 lakh over 20 years at 8.5%. Use the calculator above for your own numbers.
What is FOIR?
FOIR stands for Fixed Obligation to Income Ratio, the share of your monthly income a lender is willing to see committed to all EMIs put together, including the new loan. Most lenders use something between 40% and 60%.
Does this tool guarantee my loan will be approved?
No, it gives an educational estimate of borrowing capacity, not an approval decision. Actual eligibility depends on income verification, credit bureau data and each lender's own policy. Talk to a Kaithi Finance expert for a realistic read on your specific case.