Calculator
Personal Loan Eligibility Calculator
Estimate your maximum borrowing limit. Calculate eligible Personal Loan amounts based on salary incomes, rates, and existing EMI obligations.
FAQs
Personal Loan Eligibility Calculator FAQs
What is FOIR and how does it affect loan eligibility?
FOIR stands for Fixed Obligation to Income Ratio. It is the percentage of your monthly income that goes towards debt repayments. Most lenders cap FOIR at 50% to 60% for personal loans to ensure you retain sufficient cash for living expenses.
How can I increase my personal loan eligibility limits?
You can boost your loan eligibility by: (1) closing active credit cards or micro-loans to lower your current EMIs, (2) applying with a co-borrower (like a working spouse), or (3) extending the loan repayment tenure.
