Want a deeper check?
Open the Loan Eligibility calculator →Numeric income + existing EMIs + tenure + employment type — returns Verdict + eligible loan amount + FOIR cap + self-employed haircut.
Loan Eligibility
How much loan can I get?
Estimate your indicative loan eligibility based on income, existing EMIs, and interest rate. Uses the 50% EMI-to-income rule that most Indian banks follow.
- Based on the 50% EMI-to-income rule banks follow in India
- Deducts existing EMIs before computing the maximum allowable new EMI
- Indicative only — actual eligibility depends on credit score and bank policy
Enter your gross (pre-tax) monthly income
Sum of all ongoing loan EMIs (leave 0 if none)
Compare loan products from top banks
Enter your details below to calculate an indicative loan eligibility amount. Use the calculator as a quick reference — exact eligibility is confirmed by the bank after reviewing your credit profile.
SBI Home Loan
8.50% p.a. | Up to ₹10 Cr | 30 years
HDFC Personal Loan
10.50% p.a. | Up to ₹40 lakh | 6 years
ICICI Business Loan
14.00% p.a. | Up to ₹75 lakh | 5 years
Bajaj Finserv
11.00% p.a. | Up to ₹40 lakh | 8 years
Axis Bank Home Loan
8.75% p.a. | Up to ₹5 Cr | 30 years
Kotak Business Loan
14.50% p.a. | Up to ₹50 lakh | 4 years
Frequently Asked Questions
How much home loan can I get on a ₹50,000 salary?
Most banks follow the 50% EMI-to-income rule. On a ₹50,000 monthly income, your total EMIs (including existing loans) should stay below ₹25,000. Assuming a 20-year tenure at 8.5% interest, this typically translates to a home loan eligibility of ₹22–28 lakh.
What CIBIL score is needed for a personal loan?
A CIBIL score of 750+ is preferred for personal loan approval at competitive rates. Scores between 700–749 may still qualify but at higher interest rates (typically 1–3% extra). Below 700, approval is uncertain and many lenders will reject the application outright.
How is business loan eligibility calculated?
Banks typically assess business loans using 2–3 of these: (1) ITR of last 2–3 years (profit after tax), (2) bank statement showing cash flow, (3) turnover from GST returns. Most lenders offer 6–24 months of average monthly turnover as the eligible loan amount for unsecured business loans.
Does checking loan eligibility affect CIBIL score?
No. Using an eligibility calculator like this one, or checking pre-approved offers on bank apps, is a soft enquiry and does not impact your CIBIL score. Only when you formally apply and the bank pulls your credit report does it count as a hard enquiry (small dip of 5–15 points).
What documents are needed for a loan application?
For salaried: PAN, Aadhaar, last 3 months salary slips, last 6 months bank statements, Form 16 / ITR. For self-employed: PAN, Aadhaar, last 2–3 years ITR with computation, last 12 months bank statement, GST registration (if applicable), business proof.