How Much Personal Loan Can You Get?

FOIR (Fixed Obligation to Income Ratio) = 40-50% of monthly income
Most banks allow up to 50% of your monthly salary towards EMI payments including existing EMIs and credit card bills.

Where:
EMI = Available EMI Capacity (Max EMI - Existing Obligations)
r = Monthly Interest Rate (varies by credit score and lender)
n = Loan Tenure in Months

• Monthly Salary: Higher salary = Higher eligibility (10x to 24x monthly income)
• Credit Score: 750+ can get lower interest rates and higher loan amounts
• Existing EMIs: Should ideally be less than 40% of monthly income
• Employment Type: Salaried professionals with stable jobs get better terms
• City Category: Metro/Tier 1 cities have higher income multiples