Lending Analysis Module

Loan Eligibility Tool.

Check your borrowing power. Calculate how much banks are likely to lend you based on FOIR and DTI benchmarks in Tier 1 markets.

1 Year 20 Years 30 Years
Eligible Loan Amount
$0
Allowed Monthly EMI$0
"Based on your income and existing debts, banks determine you can comfortably afford an additional $0 in debt service."

Boost Eligibility

Closing a small credit card balance or adding a co-applicant with zero debt can increase your loan eligibility by up to 25%.

Credit Repair Guide

Loan Eligibility Demystified: How Banks Score You

"Eligibility is not just about your income; it is about your capacity to absorb new debt without compromising your existing obligations."

The FOIR Equation

Banks and mortgage lenders use the **Fixed Obligation to Income Ratio (FOIR)** to determine your loan eligibility. Most Tier 1 lenders (USA, UK, CA) cap this ratio at 45% to 50% of your gross monthly income. If your existing bills (car, student loans, other EMIs) already take up 30%, you are left with only 15% Eligibility for a new loan.

Principal Eligibility Factors

1. Multiplier Effect

Professional salaried individuals in Tier 1 cities often receive a multiplier of 6x to 10x their annual income for mortgage eligibility.

2. Age & Tenure

The longer the tenure, the higher the loan amount you can afford, as the EMI burden is spread across more months.

Loan Eligibility FAQ

Does my credit score affect the AMOUNT?

Directly. A higher score unlocks lower interest rates. Since the interest is lower, a larger portion of your allowed EMI goes toward the principal, increasing your total eligible loan amount.

How can I increase my borrowing power?

Increase your down payment, pay off smaller existing debts (to lower your monthly obligations), or opt for a longer loan tenure.