How much loan can I get on my salary?
Lenders usually let all your EMIs together take 40% to 60% of your take-home pay. Enter your income, the EMIs you already pay, the rate and tenure you are looking at, and your rent. You will see the largest EMI a lender is likely to allow, the loan that EMI buys, and what is left each month once the EMIs and rent are paid.
You could borrow up to
₹12,64,000
Indicative only. Your lender’s figures may differ. Nothing you enter here is sent anywhere or stored.
Loan = EMI room × ((1 + r)ⁿ − 1) ÷ (r × (1 + r)ⁿ)
EMI room is your take-home pay × the share lenders allow (40%, 50% or 60%), minus the EMIs you already pay. It is never less than zero.
The loan is the EMI formula solved the other way round: the amount that EMI repays at your rate over your tenure. r is the monthly rate and n the number of months. It is rounded down to the nearest ₹1,000.
What is left is your pay minus all EMIs and your rent. Lenders do not count rent; you should.
If you enter
You get
These are the calculator's starting values. Change them above to see your own.
Rates, fees and eligibility side by side, lowest rate first. Apply on the lender's own site.
HDFC Bank
Protium Finance Limited
Bajaj Finserv
Mostly by how much of your take-home pay your EMIs would take, called FOIR. Many lenders allow 40% to 60% for all EMIs together, then check your credit score, employer, age and job stability.
Lenders usually count EMIs, not rent. This calculator subtracts rent only in the last line, so you can see whether the EMI still leaves you enough to live on.
Close small loans first, add a co-applicant with income, choose a longer tenure, or look for a lower rate. A longer tenure raises the loan but also the total interest.
No. It is an estimate from the income rule most lenders use. The lender's own check, your credit score and their policy decide the final amount.
Short reads that explain how it works before you decide.
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