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. We recommend consulting with a financial advisor for precise figures.
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.