Find out exactly how much loan you qualify for, based on your income and existing obligations. Download a ready-to-share eligibility report.
Based on 50% FOIR (financial obligations to income ratio)
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Every lender evaluates your repayment capacity using FOIR — Fixed Obligations to Income Ratio. Banks typically cap this at 40–50% of your monthly take-home. This calculator applies the industry-standard FOIR method to show your maximum loan amount.
FOIR is the share of your income that goes into paying EMIs. A FOIR below 50% is considered healthy. Higher FOIR signals overleverage and reduces approval odds.
Close small loans before applying, add a co-applicant, choose a longer tenure, or opt for a step-up loan where EMI grows with expected income rises.
The same FOIR principle applies across personal, home, business, and car loans — only the thresholds change. Home loans typically allow FOIR up to 55%; personal loans cap at 40–45%.
A CIBIL score above 750 can increase your eligible loan amount by 15–25%. Check your score free on LoanMax before applying.
Available EMI = (Monthly income × FOIR%) − existing EMIs. Maximum loan = Available EMI converted to principal using the loan's interest rate and tenure.
It's a close estimate using industry-standard FOIR. Banks also check credit score, employer category, and employment stability — which can move your final number up or down by 10–15%.
Enter your net take-home salary after tax and PF deductions. For self-employed, use average monthly income after expenses from the last 2 years.
Include any loan EMIs, regular credit card minimums, and post-dated EMIs on white goods. Don't include rent — that's a lifestyle expense, not a liability.
Yes, by adding a co-applicant, offering collateral, or choosing a longer tenure. A senior LoanMax advisor will suggest the best strategy from your PDF report.
Yes, completely free. The PDF report is also free — we only ask for a verified phone number so our advisors can reach out with matching offers.