Loan Eligibility Calculator

What is a Loan Eligibility Calculator?

This calculator helps you estimate the maximum loan you can get based on your income, existing EMIs, interest rate, and tenure.

How to use the Loan Eligibility Calculator?

• Enter your net monthly income, existing EMIs, interest rate, and desired tenure.
• Click Calculate to see your maximum eligible loan amount.

Frequently Asked Questions

How is loan eligibility calculated?

Banks usually allow up to 50-60% of your net monthly income for total EMIs. The calculator uses this to estimate your maximum loan.

Does credit score affect eligibility?

Yes, a higher credit score can improve your eligibility and get you better rates.

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