Eligibility Breakdown
EMI Schedule
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Tip: Add a co-applicant or reduce obligations to boost eligibility!
Glossary
- FOIR: Fixed Obligations to Income Ratio
- CIBIL: Credit score (300-900)
- EMI: Equated Monthly Installment
- Tenure: Loan repayment period
- Obligations: Existing EMIs, credit card dues
- Co-applicant: Additional income considered
Need Help? Ask our LoanBot!
How to Use Loan Eligibility Calculator
- Enter your income, obligations, interest rate, and tenure.
- Select loan type and add co-applicant if any.
- Click Check Eligibility to see result, breakdown, chart, and copy/download/print options.
FAQ
Q: How is loan eligibility calculated?
A: Loan eligibility is based on your income, obligations, tenure, interest rate, and lender policies.
Q: What is FOIR?
A: FOIR (Fixed Obligations to Income Ratio) is the ratio of your fixed monthly obligations to your net monthly income.
Q: Can I improve my loan eligibility?
A: Yes, by reducing obligations, increasing tenure, or adding a co-applicant.
A: Loan eligibility is based on your income, obligations, tenure, interest rate, and lender policies.
Q: What is FOIR?
A: FOIR (Fixed Obligations to Income Ratio) is the ratio of your fixed monthly obligations to your net monthly income.
Q: Can I improve my loan eligibility?
A: Yes, by reducing obligations, increasing tenure, or adding a co-applicant.