Loan Eligibility Calculator
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Income Allocation
Eligibility Meter
Eligibility Rules by Country
| Country | Ratio Used | Typical Cap | Min Income | Age Limit | Credit Score |
|---|---|---|---|---|---|
| 🇮🇳 India | FOIR | 50–65% | ₹15K–25K/mo | 21–60/65 | CIBIL 750+ |
| 🇺🇸 USA | DTI (back-end) | ≤ 43% (QM) | Varies | 18+ (no max) | FICO 620+ |
| 🇬🇧 UK | Income Multiple | 4–4.5× income | Varies | 18–70/85 | Good credit |
| 🇦🇪 UAE | DBR | ≤ 50% | AED 5K–15K | 21–65 | AECB 600+ |
| 🇦🇺 Australia | Serviceability | HEM + buffer | Varies | 18+ | Good credit |
| 🇨🇦 Canada | GDS / TDS | ≤ 32% / 40% | Varies | 18+ | 650+ |
| 🇸🇬 Singapore | TDSR / MSR | ≤ 55% / 30% | Varies | 21+ | CBS good |
Tips to Improve Your Loan Eligibility
Add a Co-ApplicantSpouse or parent's income increases total income and reduces FOIR/DTI, boosting eligibility by 30–50%.
Reduce Existing EMIsClose small loans or prepay to lower obligations. Every ₹5,000 EMI reduction adds ~₹5–7 lakh eligibility.
Improve Credit ScorePay on time, keep utilization < 30%, avoid multiple inquiries. 750+ CIBIL / 740+ FICO gets best rates.
Choose Longer TenureLonger tenure lowers EMI for the same loan, increasing eligible amount (though total interest rises).
Opt for Secured LoanSecured loans (home, gold, LAP) have lower rates than unsecured (personal), increasing eligibility for the same EMI.
Show All Income SourcesInclude rental income, bonuses, freelance earnings, and spouse's income with documentation.
Maintain Employment Stability2+ years total experience and 1+ year at current employer signals stability to lenders.
Avoid Multiple ApplicationsEach application triggers a hard inquiry, temporarily lowering your score. Apply strategically.
Frequently Asked Questions
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