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Loan eligibility calculator
Estimate how much you could borrow. Lenders usually cap all your EMIs at a share of your monthly income; this works back from that cap to a loan amount.
- Maximum new EMI
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- Existing EMIs
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- Income left after all EMIs
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Loan Reiknivel — learn loans and EMI on your phone
Loan Reiknivel is an Android loan and EMI calculator app for trying out loan amounts, rates and tenures on the go.
How it is calculated
Loan = EMI × ((1 + r)n − 1) ÷ (r × (1 + r)n)
The maximum new EMI is your income × the allowed share, minus the EMIs you already pay. That EMI is then converted back into a loan amount using the monthly rate r and the number of instalments n. Most lenders allow 40–55% of net income for EMIs.
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This calculator is an educational illustration only and is not financial advice. It is not a loan offer or an approval. Lenders also look at your credit score, age, employer, property value and their own policies.