Indicative only, not an approval. Lenders apply their own credit policy, and your credit history affects both approval and pricing.
How the estimate works
Lenders cap the share of your income that can go to loan repayments, commonly called FOIR, the fixed obligation to income ratio. The affordable EMI is that share of your monthly income, minus the EMIs you already pay. Converting that affordable EMI into a loan amount then depends on the rate and tenure you enter. Change the ratio to match the lender you are considering.
What this does not include
- The lender’s own credit policy, which can be tighter than the ratio suggests
- Your credit history, which materially affects both approval and pricing
- Product caps and, for secured loans, limits based on the value of the asset
- Income the lender cannot evidence from your filings or bank statements
Improving what you can borrow
- Close or consolidate small existing EMIs to free up capacity
- Consider a longer tenure: it lowers the EMI, though it raises total interest
- Add a co-applicant with assessable income, where the lender allows it
- Clear overdues and reduce card utilisation before applying
Frequently asked questions
What is FOIR?
The fixed obligation to income ratio: the share of your monthly income that lenders allow to go towards loan repayments, including the new one. The cap varies by lender, product and income level.
Is this an approval?
No. It is an indicative estimate based on what you enter. Actual eligibility is decided by the lender after assessing your documents and credit profile.
Does using this affect my credit score?
No. It runs in your browser and involves no credit check. Only a formal application to a lender triggers one.