Your Income

Salary credited to your account. Lenders read your bank statement, not your offer letter
Every running loan and card instalment counts against the same ceiling
Unsecured lending is usually held to a tighter FOIR than a home loan. 40–50% is the common working range

The Loan

Personal loans are unsecured, so rates run far above a home loan's
Capped at 5–7 years. There is no 20-year personal loan, which is why the same income buys far less here than in a home loan
Most lenders also cap the loan at a multiple of net monthly income — commonly 9× to 18×. This is lender policy, not regulation

Why a Personal Loan Is Not a Small Home Loan

The EMI formula is the same, but the constraints are not. A personal loan is unsecured, so the lender has no property to fall back on and applies three limits a home loan does not. The tenure is capped at roughly five to seven years, never twenty. The loan is capped at a multiple of your net monthly income. And there is usually a minimum income below which the product simply is not offered. Any one of the three can bind before your repayment capacity does, which is why a calculator that only divides your income by an EMI factor overstates what you will actually be sanctioned.

The Income Multiple — the Cap Nobody Applies

Most lenders cap an unsecured personal loan at a multiple of net monthly income, commonly somewhere between 9× and 18×, set by their own credit policy rather than by regulation. On ₹60,000 a month at 15×, that is ₹9 lakh — and at a five-year tenure, that ceiling usually bites well before FOIR does. It is an editable field here, defaulted to a middle figure, because it is policy and not a rule: your lender's number is the one that matters, and it is worth asking for it directly.

FOIR Is Tighter Here

FOIR — the share of net monthly income your total EMIs may occupy — is generally applied more conservatively to unsecured lending than to a secured home loan; 40–50% is the common working range. Every running obligation counts against it: a car loan, an old personal loan, credit-card EMIs, even a consumer-durable instalment. Clearing a small existing loan before you apply can raise the sanction by more than the loan you cleared.

Tenure Is the Only Lever You Control on the Day

You cannot change your income or your score in a week, but you can ask for a longer tenure — and at a personal loan's rate that lifts the eligible amount noticeably. It also costs a great deal more interest, and it stops helping entirely once the income multiple becomes the binding cap. The tenure table on this page shows both effects at once, so you can see the point past which stretching the term only adds interest without adding a rupee of eligibility.

What the Arithmetic Cannot Tell You

For an unsecured loan the credit score does much of the deciding. Most lenders look for 700 or above and price the interest rate off it, so a thin or damaged credit file can be declined at any income. Employer category, how long you have been in the job, and the age of your banking relationship all shift the FOIR a lender will apply. Treat the figure here as what your numbers support, not as an offer. If you are borrowing against property instead, the home loan eligibility calculator applies the very different rules that govern secured lending, and the personal loan EMI calculator works out the repayment once you know the amount.

FAQs about Personal Loan Eligibility Calculator

Three limits apply and the lowest wins: your repayment capacity at the lender's FOIR, a cap of roughly 9× to 18× your net monthly income, and the product ceiling. At ₹60,000 and a 15× multiple that middle cap is ₹9 lakh, and at a five-year tenure it usually binds before FOIR does. Enter your own figures above to see which constraint is limiting you.
Most lenders cap an unsecured personal loan at a multiple of net monthly income — commonly 9× to 18×. It is credit policy, not regulation, so it varies by lender, income band and credit score. This calculator exposes it as an input rather than hiding it inside the result.
Most banks want a net income of about ₹25,000 a month for a salaried personal loan; some NBFCs lend from ₹15,000–20,000 at a higher rate. Below the lender's floor the application is declined regardless of how comfortable the EMI looks on paper.
Typically five years, with some lenders going to seven. There is no twenty-year personal loan, which is why the same income supports far less here than it does on a home loan — and why total interest is high relative to the amount borrowed.
Yes, directly. Every running EMI — car loan, other personal loans, credit-card instalments — is subtracted from your FOIR ceiling before the loan is worked out. Closing a small existing loan before you apply can raise the sanction by more than the balance you cleared.
Most lenders look for 700 or above and price the interest rate off the score, with the best rates reserved for 750+. Because the loan is unsecured, a thin or damaged credit file can be declined at any income level — the arithmetic on this page assumes you clear that hurdle.
Up to a point. A longer tenure lowers the EMI, so your FOIR supports a larger loan — but once the income multiple becomes the binding cap, stretching the tenure adds interest without adding eligibility. The tenure table above shows exactly where that crossover happens on your numbers.