Calculate maximum personal loan eligibility using the FOIR (Foreseeable Obligations to Income Ratio) rule used by every Indian bank — typically 50-60% of monthly income minus existing EMIs. Supports salaried + self-employed + senior citizen profiles.
Reviewed by the CalculatorKosh Editorial TeamUpdated June 2026Free · No sign-up
Personal Loan Eligibility Calculator
Calculate maximum personal loan eligibility using the FOIR (Foreseeable Obligations to Income Ratio) rule used by every Indian bank — typically 50-60% of monthly income minus existing EMIs. Supports salaried + self-employed + senior citizen profiles.
Income & Obligations
Net take-home pay after taxes + PF + professional tax.
Sum of all current loan EMIs and credit-card EMIs.
About You
Loan Preferences
Personal Loan Eligibility
₹7,30,000
Personal loan eligibility: ₹7,30,000(FOIR cap 55% · max EMI ₹25,000/mo)
FOIR Cap
55%
Max EMI
₹25,000
Eligibility
₹7.3 L
₹7,30,000
Recommended EMI
₹24,000
Rate scenarios
Eligibility on the same EMI capacity (₹25,000/mo) over 36 months at different interest rates.
| Interest rate | Eligibility |
|---|---|
| 10% | ₹7,70,000 |
| 12% | ₹7,50,000 |
| 14%(your rate) | ₹7,30,000 |
| 16% | ₹7,10,000 |
| 18% | ₹6,90,000 |
| 20% | ₹6,70,000 |
Rate scenarios — eligibility across 6 interest rates
Criteria check
You meet basic eligibility criteria (age + income). Final sanction still depends on CIBIL score, employer category, and bank-specific underwriting.
How FOIR works
Banks limit your total monthly EMIs (existing + new) to a % of income (FOIR). For salaried earning ₹50K-1L, the cap is 55%. Higher-income earners can have 60-65% caps. This calc gives a directional eligibility — actual sanction depends on credit score, employer category, and bank-specific rules.
Improving eligibility
- 1.Improve credit score to 700+. CIBIL 750+ unlocks the lowest rates (11-13%) and the highest FOIR slabs.
- 2.Reduce existing EMIs. Closing or consolidating a ₹5,000/mo card EMI directly converts to roughly ₹1.5L of extra eligibility.
- 3.Add a co-applicant. A working spouse or parent adds their income to the FOIR calculation, often lifting eligibility by 50-80%.
- 4.Extend tenure to 60 months. The max PL tenure of 5 years lowers the EMI required for a given principal — letting you qualify for a 25-30% larger loan on the same income.
Next step
Calculate your EMI — use the Personal Loan EMI Calculator to see the exact monthly payment, total interest, and true APR on this loan amount.
Open Personal Loan EMI Calculator →How It Works
The personal loan eligibility calculator answers a single question every salaried or self-employed borrower must settle before approaching a bank: how large an unsecured personal loan will the lender actually sanction me? The answer depends on three levers — your monthly income, your existing debt obligations, and the tenure-rate combination you're willing to accept. Get this number wrong and you waste time on applications that get rejected or sanctioned at a fraction of what you expected.
How banks compute personal loan eligibility
Every regulated lender — HDFC, ICICI, SBI, Axis, Kotak, Bajaj Finserv — uses a FOIR (Foreseeable Obligations to Income Ratio) framework. The bank caps your total monthly debt EMIs (existing loans + new personal loan) at a fixed percentage of your monthly income. The FOIR cap scales with income: a borrower earning ₹40K/month sees a 50% cap, while a ₹2L+/month earner can unlock 65%.
The FOIR slab
FOIR rises with income because absolute residual income (income minus EMIs) stays comfortable for higher earners. Self-employed borrowers see a 5-10% lower FOIR than salaried at the same income because banks discount irregular cash-flow patterns. Senior citizens (60+) face the tightest cap at 35-50% because the loan must be repaid within a shorter remaining earning window.
The reverse EMI formula
Standard EMI math goes from principal to monthly payment. Eligibility math goes the other way: given the maximum EMI you can carry, what principal does that map to at this rate and tenure?
P = EMI × [1 − (1 + r)−n] / r
Where P is the eligible principal, r is the monthly rate (annual ÷ 12 ÷ 100), and n is the tenure in months. Personal loan tenure is capped at 60 months (5 years) by every regulated lender — pushing beyond is rare.
Sources & method
EMIs use the standard reducing-balance method used by Indian banks and NBFCs; rate context follows the RBI. Based on the Reserve Bank of India. See how we calculate.
Frequently Asked Questions
FOIR (Foreseeable Obligations to Income Ratio) is the maximum share of your monthly income that a bank will allow toward all your debt EMIs combined — existing loans, credit-card EMIs, and the new personal loan you're applying for.
For salaried borrowers earning between ₹50,000 and ₹1 Lakh per month, the typical FOIR cap is 55%. High-income earners above ₹2 Lakh per month can unlock FOIR caps up to 65%. Self-employed borrowers and senior citizens face tighter caps (40-55% and 35-50% respectively) because lenders take a more conservative view of irregular cash flow or shorter remaining earning years.
FOIR is calculated against net take-home income (after income tax + PF + professional tax), not gross salary.
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