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Loan Eligibility Calculator

Check your approval chances and estimated interest rates in minutes.

Check Eligibility

Personal Information

Age

Employment Type

Credit Profile

Credit Score (Bureau)

Payment Delays (Last 6 Months)

Financial Details

Monthly Income

Monthly Expenses + EMIs

Your Estimated Rate of Interest

Eligibility Score

0/ 1000

Expected ROI Range

12% - 15%

Enter your details to check your loan approval chances.

*This is only an indicative estimate based on your profile. Final rates may vary after document verification.

Before applying for a loan, it's smart to know where you stand. Our Loan Eligibility Calculator evaluates your profile across five key financial parameters Age, Employment, Credit Score, Repayment History, and Income Obligations to provide a comprehensive Eligibility Score.

This tool helps you understand how lenders view your profile and gives you a realistic estimate of the interest rates you can expect, helping you make informed borrowing decisions without any impact on your credit score.

Factors Affecting Your Eligibility

Lenders look at a combination of factors to determine your creditworthiness. Here's what matters most:

Credit Score & History

Your past behavior predicts future performance. A high credit score (750+) and a clean repayment history (0 delays) significantly boost your eligibility score.

FOIR (Repayment Capacity)

The Fixed Obligation to Income Ratio measures how much of your income is already committed to expenses and other loans. Lenders prefer a FOIR under 50%.

Stability Profile

Your age and employment type (Salaried vs. Self-employed) act as proxies for income stability. Prime working age (26-45) and salaried employment are typically scored higher.

Frequently Asked Questions

How is my loan eligibility score calculated?

Your eligibility score (out of 1000) is a weighted aggregate of your Age (5%), Employment Type (5%), Credit Score (30%), Payment History (30%), and Fixed Obligation to Income Ratio (FOIR) (30%). A higher score indicates a lower risk profile and better potential interest rates.

What is FOIR and why does it matter?

FOIR stands for Fixed Obligation to Income Ratio. It is calculated as (Total Monthly Expenses + Existing EMIs) divided by your Monthly Income. Lenders use this to assess your repayment capacity. A lower FOIR (typically under 40-50%) increases your chances of loan approval.

Does checking my eligibility here affect my credit score?

No, using this calculator is a 'soft inquiry' and does not impact your credit score. It is a simulation tool to give you an estimate of your borrowing potential and likely interest rates.

What is a good credit score for P2P loans?

While P2P lending is more inclusive than traditional banks, a credit score of 700+ is generally considered good and attracts lower interest rates. Scores below 650 may still be eligible but might attract higher interest rates to account for the increased risk.