EMI / Loan Calculator
Monthly instalment, total interest, and the full amortisation schedule for a reducing-balance loan.
Loans
Loan Eligibility Calculator
Before you apply for a loan, check what your income can comfortably support. Enter your monthly income, what you already pay each month, the share of income you will allow for EMIs, and the rate and tenure you assume — and see the largest loan that fits, as an estimate.
No live data. Every rate, price, and percentage on this page is entered by you. Nothing is fetched from a bank, a market, or a government source, and no figure here is presented as a live or official rate.
Your result will appear here.
Enter your details to see your result.
You will see your answer with the figures shown, so you can check it.
Result
Affordable EMI per month
EMI limit (share of income)
Estimate only — check important figures before acting. Read the full disclaimer.
How it works
- Enter your monthly take-home income and any existing monthly obligations, such as other loan instalments.
- Set the maximum share of income for all EMIs together. The default is 40%; a lower share leaves more room for living costs.
- Enter the annual rate and the tenure you assume. You see the affordable EMI and the largest loan whose EMI fits inside it.
Banks apply their own criteria — credit history, employment type, age, property value, and documents — so a lender may offer more or less than this estimate, or decline. Treat the result as a planning figure, not an approval.
Formula
EMI limit = Monthly income × Maximum EMI share %
Affordable EMI = EMI limit − Existing monthly obligations
Maximum loan = the principal whose EMI (at the entered rate and tenure) equals the affordable EMI. It is the inverse of the EMI formula shown on the EMI / Loan Calculator page.
Worked example
Example: Monthly income Rs 200,000, existing obligations Rs 20,000, EMI share 40%, rate 18% a year, tenure 240 months. The EMI limit is 40% of Rs 200,000 = Rs 80,000, so the affordable EMI is Rs 80,000 − Rs 20,000 = Rs 60,000 a month. At 18% over 240 months, that supports a maximum loan of Rs 3,887,743.93.
Frequently asked questions
How much loan can I get on my salary?
It depends on your income, existing obligations, the rate, and the tenure. This calculator works out the largest loan whose EMI fits inside the share of income you allow, after subtracting what you already pay each month.
What is the 40% EMI share?
It is a common planning rule: all EMIs together should not exceed about 40% of take-home income, so 60% remains for living costs and savings. It is editable — use a lower share if you want a safer margin.
Why do existing obligations reduce the loan amount?
Because the EMI limit covers all instalments together. If Rs 20,000 a month already goes to another loan, only the remaining room can support a new EMI, so the maximum loan is smaller.
Does a longer tenure always mean a bigger loan?
A longer tenure raises the maximum loan, because the same EMI is spread over more months. It also raises the total interest you pay, so compare the full cost with the EMI / Loan Calculator before choosing a longer tenure.
Is this result a loan approval?
No. It is an estimate from the figures you enter. Lenders check credit history, employment, age, documents, and security, and apply their own rules, so the amount they offer can differ.
Still have a question? Contact us.
Important — please read
This is an estimate only, for planning. Banks and lenders apply their own eligibility criteria, including credit history, employment, age, and the value of any security, and may offer a different amount or decline an application. No lender's actual criteria or rate is used here. Confirm the terms with the lender before borrowing.