Estimate affordable EMI and borrowing capacity from take-home income and existing obligations, then test FOIR, interest-rate and tenure assumptions. No phone number, lender lead form or bureau lookup is required.
Your Loan Capacity?
Educational estimate only
Results can vary based on company policy, lender terms, tax law, and personal assumptions.
See the Source and methodology section below for details.
Instant estimate — no phone number, lead form or bureau lookup
The calculation runs in your browser. It estimates repayment capacity only; it is not pre-approval, sanction or a guaranteed rate.
Quick check
Maximum affordable new EMI
₹27,500
Total EMI cap: ₹37,500
Estimated eligible loan
₹10,06,350
14% for 48 months
Total repayment
₹13,20,000
If the full calculated capacity were borrowed
Estimated total interest
₹3,13,650
Excludes processing fee, GST, insurance and penalties
Approval also depends on the lender's minimum income, age, employer category, city, credit report, repayment history, documents and internal policy. Do not treat this number as sanctioned credit.
The same EMI capacity can support a larger principal over a longer tenure, but the total interest rises.
| Tenure | Estimated eligibility | Total interest |
|---|---|---|
| 36 months | ₹8,04,620 | ₹1,85,380 |
| 48 months | ₹10,06,350 | ₹3,13,650 |
| 60 months | ₹11,81,868 | ₹4,68,132 |
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How much personal loan may my income support? Multiply net monthly income by a planning FOIR, subtract every existing fixed credit obligation, and convert the remaining EMI capacity into principal using the entered reducing-balance rate and tenure. Lenders apply their own FOIR and credit rules, so the result is not approval.
Formula
Max new EMI = max(net income × FOIR − existing obligations, 0); eligibility = present value of that EMI
No phone number or bureau access is required. Inputs stay in the browser.
This calculator estimates Maximum affordable EMI, Estimated eligible loan amount, Total repayment at max EMI, and Total interest at max EMI using Net monthly income, Existing monthly EMIs, FOIR / income-to-obligation cap, and Expected annual interest rate. Total EMI cap = net monthly income × selected FOIR. Results are educational estimates only and should be verified with official records, lender statements, payroll data, or filing utilities where applicable.
Salary-band searches are only starting points because existing EMIs, FOIR, rate and tenure change the result. With no existing EMI, 50% FOIR, 14% annual rate and 48 months, the calculator gives these illustrative amounts:
FOIR is the share of take-home income already committed to EMIs plus the proposed EMI. Bank-wise approval is not uniform: each lender applies its own minimum-income, employer, age, bureau-score, city, tenure and internal credit rules.
Total EMI cap = net monthly income × selected FOIR. Maximum new EMI = max(total EMI cap − existing fixed obligations, 0). Eligible principal is the present value of that EMI at the entered reducing-balance rate and tenure. The result estimates repayment capacity, not approval.
With ₹75,000 net monthly income, ₹10,000 existing obligations and a 50% FOIR assumption, maximum new EMI is ₹27,500. At 14% for 48 months, estimated capacity is about ₹10.1 lakh before lender policy and credit checks.
The quick fields ask only for net income and existing obligations. FOIR, rate and tenure remain editable advanced assumptions. This makes the first answer fast while keeping the full calculation inspectable.
The formula measures repayment capacity. It does not access a credit bureau or model lender-specific minimum income, age, employer, service area, documentation or policy rules. The result is an educational ceiling, not a promise of credit.
Last reviewed: 17 August 2026
The engine uses a transparent FOIR capacity formula and the present-value formula for a standard reducing-balance loan. Calculation version 2026-08-17.1 tests zero available capacity, zero interest, multiple FOIR assumptions and tenure sensitivity.
Calculation version: 2026-08-17.1 · Facts checked: 2026-08-17
Next review trigger: Material change to RBI retail-lending disclosure requirements or the calculator's eligibility model.
Educational estimate only. RupeeKit does not provide personalized financial, investment, legal, tax or loan advice.
Salary-band searches are best treated as affordability scenarios, not approval promises. Enter the exact monthly take-home salary, then add existing EMIs and test the FOIR, rate and tenure assumptions. A lower salary does not create an automatic rejection in this calculator; actual lender rules control eligibility.
An eligibility calculator models affordability from inputs such as income, existing EMIs, FOIR, rate and tenure. A lender eligibility check may also use employer category, service history, age, banking relationship, bureau data, documents and internal credit policy. RupeeKit does not perform a bureau lookup or loan sanction.
FOIR compares fixed monthly debt obligations with monthly income. In this calculator it is a user-entered planning assumption: a higher assumed FOIR allows a larger modelled EMI, while existing EMIs consume part of that capacity. Banks may use different internal thresholds and methods.
Published lender rules are not identical and can change. SBI currently publishes separate minimum net monthly salary rules for government/defence and corporate salaried customers, service-history requirements, age rules and an EMI-to-net-monthly-income cap. HDFC Bank publishes its own minimum income, age and employment-tenure criteria. ICICI Bank also evaluates age, income, work profile and credit history. Verify the lender's official eligibility page on the day you apply instead of treating any comparison table as a permanent rule.
You can cross-check this estimate using: personal loan EMI calculator for total-cost comparison, emergency fund calculator before taking a new EMI, gold loan calculator for a collateral-backed alternative, salary in-hand calculator, Old vs New Tax Regime Calculator, 80C deduction calculator, EMI calculator, ITR-2 filing guide, emergency fund guide.
| Topic | RupeeKit explanation |
|---|---|
| Quick inputs | Net monthly income and every existing fixed credit obligation |
| Advanced assumptions | User-selected FOIR, reducing-balance rate and tenure |
| Core formula | New EMI capacity = max(net income × FOIR − existing obligations, 0) |
| Approval boundary | Capacity estimate only; not pre-approval, sanction or a guaranteed rate |
| Privacy | No phone number or bureau lookup; values are calculated in the browser |
No. It estimates income-based repayment capacity only. A lender may approve less, reject the application or use different assumptions after checking credit history, age, income stability, employer, city, documents and internal policy.
Include all recurring fixed credit commitments the lender may consider, such as home, vehicle and personal-loan EMIs, card EMIs and other fixed loan obligations. Omitting an obligation overstates capacity.
There is no single universal percentage. Use the default only as a planning assumption and change it if a target lender publishes a different policy for your profile. A higher FOIR increases estimated eligibility but leaves less monthly buffer.
The same monthly EMI can repay a larger principal over more months. The trade-off is higher total interest and a longer obligation, which the sensitivity table shows.
No lead form is required. Values are calculated in the browser and RupeeKit does not use this calculator to obtain a bureau report or send an application to a lender.
RupeeKit can model affordability at ₹12,000, but it cannot promise approval. Some large lenders publish minimum salary criteria above that amount, and lender policy, city, employer, credit profile and existing EMIs can also matter.
There is no universal FOIR that every lender uses. Treat FOIR as a scenario input, test more than one value, and verify the actual lender's policy before applying.
No. The result is an educational affordability estimate. A lender may additionally assess credit bureau data, employer profile, service history, documents, age and internal policy before sanction.