Personal Loan Eligibility Calculator
How much personal loan you can get on your salary, based on FOIR, existing EMIs, rate and tenure.
Updated 27 September 2026 · 8 lenders trackedAbout this calculator
Lenders size your loan so that all EMIs — existing plus new — stay within a share of net monthly income called FOIR, typically 40% – 55%. Enter your income and existing EMIs to estimate the loan you qualify for.
Personal Loan Eligibility Calculator
Formula: Maximum EMI = net income × FOIR − existing EMIs. Loan = EMI × (1 − (1 + r)^−n) ÷ r.
Loan by income
| Net monthly income | Max EMI at 50% FOIR | Loan at 11%, 3 yrs | Loan at 11%, 5 yrs | 5 yrs with ₹10,000 existing EMI |
|---|---|---|---|---|
| ₹25,000 | ₹12,500 | ₹3,81,811 | ₹5,74,913 | ₹1,14,983 |
| ₹40,000 | ₹20,000 | ₹6,10,897 | ₹9,19,861 | ₹4,59,930 |
| ₹50,000 | ₹25,000 | ₹7,63,622 | ₹11,49,826 | ₹6,89,896 |
| ₹75,000 | ₹37,500 | ₹11,45,433 | ₹17,24,739 | ₹12,64,808 |
| ₹1,00,000 | ₹50,000 | ₹15,27,244 | ₹22,99,652 | ₹18,39,721 |
| ₹1,50,000 | ₹75,000 | ₹22,90,866 | ₹34,49,478 | ₹29,89,547 |
Estimate only. Lenders also cap the loan (e.g. SBI up to 30× net monthly income; product maximums of ₹15 lakh – ₹50 lakh) and adjust FOIR by income level and employer.
Eligibility by profile
| Profile | What lenders look at | Examples from lenders tracked |
|---|---|---|
| Government / PSU / defence employee | Salary account with the lending bank helps most | BoB: 10.15% – 10.65% and nil fee with BoB salary account; SBI Xpress Credit: min ₹20,000 net monthly income |
| Salaried — large private company / MNC | Employer category, net income, credit score 710 – 750+ | SBI ₹25,000 (corporate); Kotak ₹25,000; Axis ₹15,000 (Axis customers) / ₹25,000 |
| Salaried — smaller company | Higher income bar and rate; longer job history | Kotak ₹30,000 (non-corporate); expect rates towards the upper band |
| Self-employed professional / business owner | 2 – 3 years’ ITRs, business vintage, bank-statement cash flow | BoB: 1 year in business, tenure 48 – 60 months; IDFC FIRST: no stated minimum income |
| Pensioner | Pension credited to the bank | SBI Pension Loan: tenure up to 7 years, fee 1% (max ₹10,000) |
| New to credit (no score) | Income proof and employer; smaller first loan | Pre-approved offers from your salary bank are the easiest route |
Income and score thresholds are from lender pages and aggregators (Sep 2026). Meeting them does not guarantee approval.
Frequently asked questions
Why does the bank offer less than this?
Banks also apply product caps, income multiples (e.g. SBI 30× net monthly income), employer category and credit-score rules.
How can I increase my eligibility?
Close small loans, lower card balances, choose a longer tenure, or apply with the bank that holds your salary account.
For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.