Loan Eligibility Calculator
Check your loan eligibility and find out how much you can borrow
Loan Eligibility Details
Eligibility Results
Enter your financial details and click Check Eligibility
Understanding Loan Eligibility
Key Factors
- 💡Monthly Income: Higher income increases eligibility
- 💡Existing EMIs: Lower existing obligations help
- 💡Monthly Expenses: Lower expenses improve eligibility
- 💡Interest Rate: Lower rates increase loan amount
- 💡Loan Tenure: Longer tenure increases eligibility
DTI Ratio Guidelines
Excellent (≤30%)Low Risk
Good (31-40%)Moderate Risk
Fair (41-50%)Higher Risk
Poor (>50%)High Risk
Improving Eligibility
- ✓Increase your monthly income through promotions or side income
- ✓Pay off existing loans to reduce EMI burden
- ✓Reduce monthly expenses and lifestyle costs
- ✓Maintain a good credit score (750+)
- ✓Consider a co-applicant with good income
- ✓Shop for better interest rates
Documents Required
- 💡Income proof (salary slips, ITR)
- 💡Bank statements (6 months)
- 💡Identity and address proof
- 💡Employment certificate
- 💡Property documents (for secured loans)
Pro Tips
- 💡This calculator provides an estimate based on standard lending criteria
- 💡Actual eligibility may vary based on your credit history, employment stability, and lender-specific policies
- 💡Always compare offers from multiple lenders to get the best deal
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