What is Loan Eligibility?
Loan eligibility refers to the maximum loan amount a lender may offer based on your income, expenses, interest rate and repayment capacity.
How Loan Eligibility is Calculated
Lenders usually allow a portion of your disposable income to be used as EMI. This calculator assumes around 40–50% of monthly surplus can be used for loan repayment.
How to Use This Calculator
- Enter your monthly income
- Enter monthly expenses
- Enter interest rate and tenure
- Click check eligibility