Lenders check two things: whether your income can cover the EMI (FOIR), and whether the loan is within a sensible multiple of your annual income. This checks both — free, instant, no sign-up.
The FOIR method checks whether your monthly income can comfortably absorb the EMI after your existing obligations — it's the affordability check. The income-multiplier method is a separate sanity check most lenders apply on top: even if your FOIR allows a larger EMI, they typically won't lend more than roughly 5–6 times your annual income. Your real eligibility is usually the smaller of the two numbers.
Lenders check FOIR (income vs EMI capacity) and an income multiplier (usually 5–6× annual income). Your real eligibility is generally the lower of the two.
Fixed Obligation to Income Ratio — the percentage of your net monthly income lenders allow towards all EMIs combined, typically 40–55%.
Lenders cap tenure so it ends by a certain retirement age (commonly 60 for salaried applicants). A shorter available tenure increases your EMI and can reduce your eligible loan amount.
Yes — completely free, no sign-up required.
