Loan Eligibility Calculator – Affordable EMI
This loan eligibility calculator is an affordability estimate. It applies your chosen EMI ratio to leftover monthly income, then reverse-calculates an indicative loan using an assumed rate and tenure.
How to use this calculator
This loan eligibility calculator is an affordability estimate. It applies your chosen EMI ratio to leftover monthly income, then reverse-calculates an indicative loan using an assumed rate and tenure. Results stay in your browser. They are estimates, not financial, tax or medical advice.
Frequently asked questions
Is this a bank approval?
No. It is only an affordability estimate. A lender will use credit checks, income proofs and its own policy.
What EMI ratio should I enter?
Enter a decimal between 0 and 1, for example 0.4 if you want EMI up to 40% of surplus income.