Loan Eligibility Checker (India)

Estimate how much loan amount you can get based on your monthly income, age, and credit score. This calculator provides an indicative range; final eligibility depends on lender policies.

Eligibility Checker (Indicative)
Estimated affordable EMI: 18000.00

Indicative only. Lenders use additional criteria.

FAQs

How is loan eligibility calculated in India?

Loan eligibility is typically determined by your monthly income, credit score, age, employment type, and existing EMIs. Banks use these to calculate your maximum affordable EMI.

Does my credit score affect loan eligibility?

Yes. A higher credit score (usually 750+) increases your chances of approval and helps you secure better interest rates on your loan.

Can I check home loan and personal loan eligibility here?

Yes. This tool works for both home and personal loans. You can input your income, tenure, and interest rate to get an estimated eligible loan amount.

Is the result from this loan eligibility checker final?

No. The tool gives you an indicative result. Actual eligibility is determined by the lender after reviewing your documents and credit profile.

How can I improve my loan eligibility?

You can improve your eligibility by reducing existing debts, increasing income, maintaining a good credit score, or applying jointly with a co-applicant.

Do all banks in India follow the same eligibility rules?

No. Each bank or NBFC in India may have slightly different eligibility criteria and income-to-EMI ratios. Use this tool as a general guideline before applying.