Work out the maximum loan amount for your budget
Example values only. Replace them with your own figures.
Reducing-balance formula. Excludes processing fees and GST; your sanctioned amount also depends on income and credit profile.
Why working backwards from the EMI is safer
Most borrowers pick a loan amount first and then discover the EMI. That order is backwards: the amount is spent once, but the EMI recurs for years, through increments and emergencies alike. Deciding the EMI first, from your actual monthly surplus, and letting the maths tell you the amount, keeps the loan inside your life instead of the other way around.
The formula used is the present value of an annuity: P = EMI × ((1+r)n − 1) / (r × (1+r)n), with r the monthly rate and n the months. Note how sensitive the result is to tenure: the same ₹15,000 EMI carries about 45% more principal over 60 months than over 36. That extra headroom is bought with interest, which the second output shows you plainly.
Using the result when you apply
Ask for a sanction close to the calculated amount rather than the maximum the lender dangles. Pre-approved offers are sized on FOIR ceilings, not on your comfort. Quote a round figure slightly below the calculator output so the processing fee and GST, which many lenders deduct from the disbursal, do not leave you short for the purpose you borrowed for. If the amount you need is higher than the calculator supports, the honest options are a longer tenure, a lower-rate secured alternative such as a gold loan or loan against FD, or waiting and saving a part of it; stretching FOIR to the limit is how one missed salary becomes a default.
Cross-check your lender-side capacity with the eligibility calculator, then confirm the rate range you should type in on the interest rates page.
Loan amount calculator: frequently asked questions
How much loan can I get for a 10,000 EMI?
At 14% per year, an EMI of Rs 10,000 supports about Rs 2.9 lakh over 36 months, Rs 3.7 lakh over 48 months, and Rs 4.3 lakh over 60 months. At 12% the five-year figure rises to about Rs 4.5 lakh. Rate and tenure both matter, which is why the calculator asks for all three inputs.
Should I pick the longest tenure to maximise the amount?
Only if you truly need the larger amount. The longer tenure raises total interest substantially: Rs 15,000 a month for 60 instead of 36 months adds about Rs 1.5 lakh of interest at 14%. A sensible middle path is the shortest tenure whose EMI still leaves you a monthly buffer.
Does the calculator account for processing fees?
No. It computes principal from EMI, rate and tenure. Lenders typically charge a processing fee of 1 to 3 percent plus 18% GST, and many deduct it from the disbursal. If you need Rs 5 lakh in hand, you may have to ask for Rs 5.1 to 5.2 lakh.
Will the bank sanction the amount this calculator shows?
Only if your income supports it. The lender applies its FOIR limit to your net income minus existing EMIs, checks your credit score, and caps the amount by policy. This tool answers what your EMI budget can carry; the eligibility calculator answers what the lender is likely to allow. Your sanction is the lower of the two.
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.