A FOIR-based estimate of your borrowing headroom — built for Indian salaried and self-employed applicants. All figures are indicative. Your inputs stay on this device.
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Eligibility is driven by FOIR — the Fixed-Obligation-to-Income Ratio — the share of your net monthly income a lender lets go toward all EMIs. We compute the EMI headroom, then reverse the standard EMI formula to find the loan amount that EMI can support over your tenure (N months) at the indicative rate (r = R ÷ 12 ÷ 100):
EMI headroom = Income × FOIR − existing EMIs; Loan = EMI × ((1+r)^N − 1) ÷ (r·(1+r)^N)Results are indicative estimates based on the inputs you entered and the assumptions above. Actual interest rate, EMI, eligibility, prepayment charges and tax benefits are determined by the lender and applicable law at the time of disbursal. Tarsariya Financial Services LLP is a financial-services intermediary and not a lender. For a personalized assessment, please reach out to our advisor.
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FOIR — Fixed-Obligation-to-Income Ratio — is the share of your net monthly income that a lender allows toward all EMIs put together. We multiply your income by the FOIR cap, subtract your existing EMIs to find the free headroom, then reverse the EMI formula at the indicative rate and tenure to estimate the personal loan amount that headroom can support.
Salaried income is steady and easy to verify, so lenders typically allow a FOIR of about 55%. Self-employed income can vary month to month, so a more conservative cap of about 50% is common. These are indicative defaults — the exact cap a lender applies depends on your income level, obligations and overall profile.
Close or reduce existing EMIs to free up FOIR headroom, choose a longer tenure to lower the EMI, declare all income sources to raise your net income, and improve your CIBIL score so a lender offers a better rate and a higher cap. Adding a co-applicant with income can also lift the combined eligibility.
Yes. This calculator uses an indicative rate and FOIR cap, but a lender sets both from your CIBIL score and employer profile. A strong score can earn a lower rate and a more generous FOIR, raising your eligibility, while a weak score can reduce the cap or the loan amount you are finally offered.
Eligibility shows ₹0 when your existing EMIs already use up the full FOIR cap, leaving no headroom for a new loan at the figures you entered. Reduce or close some existing EMIs, or increase your net monthly income, and the calculator will show available eligibility again.
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