Loan Eligibility Calculator

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Free Loan Eligibility Calculator - Check Your Loan Eligibility

Our free loan eligibility calculator helps you check your loan eligibility based on your monthly income, expenses, interest rate, and loan tenure. Calculate the maximum loan amount you can get for home loans, car loans, personal loans, and more.

This calculator uses standard eligibility criteria where typically 40-50% of your monthly income can be allocated to loan EMI payments. The calculator considers your existing expenses to determine how much you can afford to pay as EMI.

How Loan Eligibility is Calculated

  • Available Income: Monthly Income minus Monthly Expenses
  • Maximum EMI: Typically 50% of monthly income
  • Recommended EMI: 80% of available income or maximum EMI, whichever is lower
  • Loan Amount: Calculated using EMI formula based on interest rate and tenure

Important Disclaimer: This calculator is for estimation purposes only. Actual loan eligibility may vary based on credit score, employment history, existing loans, lender policies, and other factors. Please consult with financial institutions for accurate loan eligibility assessment.

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