Eligible Loan Amount
* Based on tiered FOIR (Fixed Obligation to Income Ratio) of 40% to 55%. This is an indicative value.
* Disclaimer: These calculations are for illustrative purposes only. Actual results may vary based on bank policies, government regulations, and individual cases.
How to understand eligibility?
Lenders evaluate your repaying capacity through these metrics.
Disposable Income
We subtract your existing EMIs from your tiered FOIR limit (40% to 55%) of gross monthly income to determine your surplus.
Impact of Tenure
A longer tenure increases your eligibility as the monthly burden decreases, but increases the total interest paid.
Interest Sensitivity
Lower interest rates allow you to borrow a higher principal amount for the same monthly commitment.