Calculators
Used Car Loan Eligibility Calculator
How much used car loan your income supports after existing EMIs.
Updated 29 September 2026 · 8 lenders trackedFree calculator
Instant results
Reducing-balance maths, Indian formatsAbout this calculator
Lenders cap your total EMIs at a share of monthly income (FOIR). This calculator estimates the maximum loan your income supports; the actual loan is also limited by the lender’s valuation of the car.
Used Car Loan Eligibility Calculator
Minimum income by lender
| Lender | Minimum income |
|---|---|
| Indian Bank | ₹20,000/month salaried |
| PNB | ₹25,000/month net |
| Tata Capital | ₹25,000/month salaried |
| Bank of Baroda | ₹2.5 lakh/year gross salaried |
| SBI | ₹3 lakh/year net |
Two limits apply
- Income limit: EMI your income can support.
- Car limit: lender’s funding % × lower of valuation and price.
- Your loan is the lower of the two.
Frequently asked questions
Why is my sanctioned amount lower than the calculator’s?
The car’s valuation, its age and your credit score may cap the loan below what income alone supports.
For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.