Your Eligibility Summary

How It Works

Banks use the FOIR (Fixed Obligation to Income Ratio) method to determine your loan eligibility.

• Lenders typically allow 50-60% of your monthly income for EMI payments.
• They deduct your existing EMI obligations and living expenses from this limit.
• The remaining amount determines your maximum affordable EMI.
• Based on this, the maximum loan amount is calculated using prevailing interest rates and tenure.

Also Try

• EMI Calculator
• Contact Us for Expert Advice