How much loan can you actually get?

It's a tool that estimates how much a lender might be willing to lend you, based on your income, existing EMIs, age, credit score, and the loan's interest rate and tenure. Most banks use the same FOIR-based method this calculator follows.

FOIR stands for Fixed Obligation to Income Ratio. It's the maximum share of your net monthly income that lenders allow to go toward EMIs — typically 40% to 55% depending on the loan type and your profile.

For salaried applicants with a strong credit score, home loans usually allow FOIR up to 55%. For self-employed applicants or those with lower scores, it's often capped at 45–50%.

Generally no. Rent, groceries, school fees and utilities are not counted as "fixed obligations" by most lenders. Only debt repayments — EMIs, credit card minimum dues, and co-signed loans — reduce your FOIR headroom.

Lenders cap tenure so the loan ends by your retirement age — usually 60 or 65. A younger applicant can spread payments over more years, which lowers the EMI for a given loan amount and therefore increases eligibility.

Most banks require a minimum score of 650–700 for any approval. Above 750 typically gets you the highest FOIR and the best rates. Below 650, many lenders either decline or reduce eligibility significantly.

Yes, but with a lower eligibility amount, a higher interest rate, or both. Some NBFCs and fintech lenders specialise in lower-score borrowers. Adding a co-applicant with a strong score can also help.

Yes, significantly. The co-applicant's income is added to yours for FOIR calculation, and their credit score is considered alongside yours. This often increases eligibility by 30–60%.

No. Eligibility is the maximum you *could* qualify for. The final approved amount depends on the lender's internal policy, documentation, property valuation (for secured loans), and other factors.

Each lender applies its own FOIR caps, its own assessment of income stability, and different weightage to credit score. The same profile can produce very different offers across lenders — which is why it always pays to shop around.

Yes. A longer tenure means each EMI repays less principal, so the same EMI can support a larger loan. However, this comes at the cost of more total interest paid over the loan's life.

It depends on the loan type and your age. Home loans typically allow up to 30 years, or until age 60–65, whichever comes first. Car loans usually cap at 7 years. Personal loans cap at 5–6 years.

Usually only partially. Most lenders take net monthly salary (fixed component) at face value, and add a portion of variable pay — typically 50–100% — only if there's a track record of receiving it consistently.

Yes, if you apply as co-applicants. Both incomes are typically added for the FOIR calculation, and both credit scores are considered. This is one of the easiest ways to boost eligibility.

Yes. The EMI on your existing home loan is counted as a fixed obligation and reduces the room available for new debt. Clearing smaller loans first — even partially — can meaningfully increase new eligibility.

Typically: ID and address proof, last 3 months' salary slips (or 2–3 years' ITRs for self-employed), 6 months' bank statements, and Form 16 (or equivalent). Requirements vary by lender and loan type.

Soft eligibility checks are instant. Full approval — after document verification and (for secured loans) property valuation — typically takes 3–14 days depending on the lender and loan type.

A soft check (pre-qualification) doesn't affect your score. A hard check — which happens when you formally apply — leaves a small mark that may reduce your score by a few points temporarily.

Usually not with the same income, because self-employed income is considered less predictable. Lenders often apply a discount of 10–20% to business income and use a slightly lower FOIR cap — but the difference narrows with a strong ITR history.

A co-applicant's income is combined with yours to boost eligibility. A guarantor only steps in if you default — their income usually doesn't add to eligibility. Co-applicants are far more valuable for borrowing capacity.

Yes, indirectly. Employees of reputed, listed, or government organisations typically qualify for preferential terms — sometimes including a slightly higher FOIR or a rate discount. This is known as a "category A" employer classification.

Sometimes. If you provide additional income documentation, add a co-applicant, or improve your credit score, you can request a re-evaluation. Approaching a different lender is often easier than negotiating with one.

Close, but not identical. A pre-approved offer is based on your credit profile and past behaviour with that lender. Eligibility, as calculated here, uses your current income and obligations. Pre-approved amounts are often slightly more generous.

Yes, if the rental income is documented (through lease agreements and consistent bank credits). Lenders usually add 50–80% of verified rental income to your total income for FOIR purposes.

No. Home loans typically allow the highest FOIR (up to 55%), followed by car loans (50–55%), then personal loans (40–50%). Business loans usually allow the lowest, around 35–45%.

Having multiple cards itself doesn't hurt, but high utilisation on them does. The minimum due on each card is counted as a fixed obligation. Reducing balances to below 30% of your limits often improves eligibility.

In priority order: (1) clear or reduce existing EMIs, (2) improve your credit score, (3) add a co-applicant, (4) increase the tenure, (5) shop around with multiple lenders. Even one of these can meaningfully lift your eligibility.

No. This is an estimate based on standard FOIR methodology. Every lender applies its own internal policy on top, considering factors like employer category, existing relationships, and product-specific rules. Use this as a realistic anchor, not a guarantee.