How Much Can You Borrow?

How we calculate your eligibility: Banks typically allow up to 40-50% of your monthly income towards EMI payments (FOIR - Fixed Obligation to Income Ratio). We use 45% as the standard ratio. Your eligible loan amount is then calculated based on this maximum EMI, the interest rate, and the chosen tenure.

Example: If your monthly income is ₹75,000 and expenses are ₹30,000, your disposable income is ₹45,000. With a 45% FOIR, your maximum EMI is ₹33,750. At 10.5% interest for 5 years, your eligible loan amount would be approximately ₹15.7 Lakhs.