Global Salary‑Based Loan Eligibility Calculator
Estimate your loan eligibility based on salary, employment, and credit profile – currency symbols and numbers.
✨ NOTE: This tool provides estimates for informational purposes only. Consult with a financial advisor for personalized advice.; all amounts are displayed as plain numbers for universal clarity. The selected currency is shown separately.
📊 How it works: The tool estimates a maximum FOIR (Fixed Obligation to Income Ratio) based on your employment type and credit score. Base FOIR is 50%, adjusted as follows: Employment (Salaried +0%, Self‑Employed -5%, Business -10%, Contractor -5%, Other -5%). Credit (Excellent +5%, Good 0%, Fair -5%, Poor -10%, Bad -15%, Unknown 0%). The maximum permissible total EMI = monthly salary × FOIR. The maximum new EMI allowed = permissible total – existing EMI. The maximum eligible loan amount is derived from that new EMI using the standard annuity formula: P = EMI × ((1+r)^n – 1) / (r × (1+r)^n), where r = monthly interest rate (annual rate / 12 / 100), n = loan tenure in months. DTI = (existing EMI + new EMI) / monthly salary × 100%.
🔒 Privacy first: All calculations happen locally in your browser. No data is sent to any server.
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