Loan Eligibility Calculator
Estimate the loan a lender may offer from income and existing EMIs.
Inputs
- Monthly net income
- Existing EMIs
- Max share of income for EMIs (%)
- Interest rate (% per year)
- Tenure (years)
How it is calculated
Affordable EMI = income × FOIR − existing EMIs; loan = EMI × (1 − (1+r)^−n) ÷ r.