Maximum Loan Amount Calculator

This monthly income should be the income that is available after all deductions – Tax, CIBIL, Deductions (50%,60%,70%), etc.
Maximum Loan Amount Calculator FAQs
1. What is a Maximum Loan Amount Calculator

This calculator helps you find out the highest loan amount you can get from a bank based on your income, loan tenure, and expected interest rate.

2. How does this calculator work

It uses your monthly income and calculates your loan eligibility by estimating the maximum EMI you can afford. Then, it calculates the loan amount you can get for your chosen tenure and interest rate.

3. What details do I need to use this tool

You need to enter your monthly or annual income, preferred loan tenure (in months or years), and expected interest rate. Optionally, you can enter existing EMIs too.

4. How is the maximum EMI determined

Banks usually consider 50–60% of your monthly income (after deducting existing EMIs) as your maximum EMI capacity. The calculator applies this ratio to find the highest affordable EMI.

5. Does the calculator apply to all loan types

Yes, the calculator works for personal loans, home loans, car loans, and business loans. The core formula is based on EMI affordability and tenure.

6. Can I increase my maximum loan eligibility

Yes. You can increase eligibility by opting for a longer tenure, reducing existing EMIs, improving your credit score, or adding a co-applicant with income.

7. Is this calculator accurate

It provides a close estimate. Actual approval depends on your bank’s internal credit policy, documents, credit score, and other financial factors.

8. Is this calculator free and private

Yes. The Maximum Loan Amount Calculator is 100% free, secure, and does not require login. It’s designed to help you plan before applying for a loan.