Check how much EMI you can qualify for
Example values only. Replace them with your own figures.
FOIR is the share of your income lenders let you commit to EMIs, typically 40 to 55 percent. Indicative only; lenders also weigh credit score, employer and location.
How lenders decide how much you can borrow
The core test is FOIR, the fixed obligations to income ratio. Add up every committed monthly outgo that shows on your credit report: existing loan EMIs, and often a notional 5% of your credit card limits that are being used. Lenders then allow your total obligations, including the new EMI, to reach somewhere between 40 and 55 percent of net monthly income. Higher salaries and salaried government or MNC employees usually get the higher end; self-employed applicants and smaller towns often get the lower end.
FOIR is only the first gate. The credit score decides whether you are approved at all and at what rate: most lenders want a CIBIL score of 700 to 750 or higher for their advertised rates. Lenders also cap personal loans in absolute terms, typically at 10 to 25 times monthly income, with overall ceilings between ₹25 lakh and ₹50 lakh at large banks. Whichever of the three limits is lowest wins.
Six ways to raise your eligible amount
First, close or prepay small EMIs before applying; even a ₹3,000 consumer-durable EMI blocks about ₹1 lakh of loan capacity over five years. Second, pay credit card balances down to near zero and keep utilisation under 30%, since high utilisation drags the score and the FOIR maths. Third, apply jointly where the lender allows a co-applicant, which pools income. Fourth, pick a longer tenure: the same EMI capacity supports about 45% more loan over 60 months than over 36. Fifth, declare all stable income: rental income, a verifiable bonus history or incentive income often counts at 50 to 100 percent. Sixth, wait out recent credit enquiries; several applications in quick succession lower the score, so space them and use pre-approved offers where you already bank.
Once you know your capacity, check the full eligibility criteria, keep the documents ready, and test the EMI with the EMI calculator before you apply.
Eligibility calculator: frequently asked questions
How much personal loan can I get on a 50,000 salary?
With a Rs 50,000 net salary, no existing EMIs and a 50% FOIR, you have about Rs 25,000 of EMI capacity, which supports roughly Rs 7.3 lakh over 36 months or Rs 10.7 lakh over 60 months at 14%. Existing EMIs reduce this rupee for rupee, and many lenders also cap the amount at 10 to 25 times monthly income.
What FOIR do banks use for personal loans?
Most banks and NBFCs allow total EMIs between 40 and 55 percent of net monthly income. Higher incomes tend to get higher FOIR because living costs take a smaller share of the salary. A few lenders go to 60 to 65 percent for very high earners, while small-ticket digital lenders may apply stricter limits.
Does my credit score change how much I can borrow?
Mostly it changes whether you are approved and at what rate: 750 and above gets the advertised rates, 700 to 749 usually passes with slightly higher pricing, and below 650 most mainstream lenders decline or offer small amounts at steep rates. A strong score can also nudge the lender to allow a higher FOIR.
Do credit card dues affect personal loan eligibility?
Yes, twice over. The outstanding balance appears in your obligations, with many lenders counting around 5% of the utilised limit as a notional EMI, and high utilisation above 30 to 40 percent of your limit lowers your credit score. Paying cards down before applying improves both.
Is this calculator a guarantee of approval?
No. It estimates the EMI capacity lenders typically derive from income and FOIR. The actual decision also depends on your credit score and history, employer category, work experience, location, existing relationship with the lender, and internal policies. Treat the output as a realistic ceiling, not an offer.
Official sources and further reading
These guides are written from Reserve Bank of India rules and official scheme pages. Rules, rates and scheme terms change, so check the current position on these sites and in your lender's Key Fact Statement before you apply.
- RBI: Key Facts Statement (KFS) for loans and advances. The Reserve Bank of India notification that tells lenders to give every borrower a plain-language statement of the full cost of a loan.
- RBI Complaint Management System. Where to take a complaint against a bank, NBFC or other regulated lender if the lender does not resolve it.
- RBI (Pre-payment Charges on Loans) Directions, 2025. Bars pre-payment charges on floating-rate loans taken by individuals for non-business purposes, for loans sanctioned or renewed from 1 January 2026.
- Reserve Bank - Integrated Ombudsman Scheme, 2021. The single complaint scheme for customers of banks, NBFCs and other RBI-regulated lenders.
- RBI: Free Annual Credit Report to Individuals. Credit bureaus must give you one free full credit report with score every calendar year.
- RBI Financial Education. Consumer guidance from the Reserve Bank of India on borrowing, fraud and your rights as a customer.
Edited by Hemant Kumar. Rates on this site are indicative ranges, not offers.
This page is general information, not personalised financial advice and not an offer. Rates, fees and eligibility shown are indicative ranges based on general market practice in India and vary by lender and applicant. Confirm the exact figures in the lender's Key Fact Statement and sanction letter before you sign.