EMI Sanity Checker & Loan Affordability Calculator India
Know your FOIR (Fixed Obligation to Income Ratio) score before the bank rejects your loan. Plan which EMIs to close first to maximize your eligibility for a Home Loan in FY 2026-27.
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📊 Your Financial Snapshot
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Use your actual bank credit amount (post-tax/PF).
Current Monthly EMIs
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Why Every Borrower Needs an EMI Sanity Check
In India, banks like SBI, HDFC, and ICICI don't just look at your CIBIL score. The most critical number they calculate behind the scenes is your FOIR (Fixed Obligation to Income Ratio). If your FOIR is too high, you are considered a "risky" borrower, and your loan will be rejected regardless of your high salary.
How to Use This Tool
- Enter your actual monthly take-home salary. This is the net amount credited to your bank account.
- List all your current EMIs. Include everything from your home loan to that small ₹2,000 EMI for your new phone.
- Click "Check Sanity" to see your FOIR score and current headroom for a new loan.
Interpreting Your FOIR Score
- 0% - 40%: You are in the "Green Zone." Banks will happily lend to you as long as the new EMI doesn't push you past 50%.
- 40% - 50%: You are in the "Caution Zone." You might get a loan, but the interest rate might be higher, or the bank may ask for a co-applicant.
- Above 50%: You are in the "Danger Zone." Most banks will reject your application. You are considered "over-leveraged."
💡 Strategy Tip: If you are planning for a large home loan, use our "Close These EMIs First" feature. Closing a small personal loan with a high EMI is much more effective than increasing your salary by the same amount in the eyes of a bank's eligibility calculator.
Last Updated for 2026
Our calculator uses the latest eligibility norms updated for FY 2026-27, reflecting the current interest rate environment and bank policy shifts towards tighter FOIR limits for high-ticket loans.