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Loan Eligibility

Loan Eligibility answers "on the evidence of my bank statements alone, roughly what could I afford to borrow?" It is an estimate for your own planning. It is not a loan offer and no lender is involved.

What it shows​

Four figures for the selected period:

FigureMeaning
Avg monthly incomeAverage money in per month across the analysed months
Existing obligationsTotal of the recurring fixed monthly debits that were detected
Current FOIRExisting obligations as a percentage of average monthly income
Monthly surplusAverage monthly income minus average monthly spending

What you could borrow​

Three indicative product cards — home loan, personal loan and car loan. Each card shows:

  • an Eligible or Not eligible badge;
  • the eligible amount, the principal the estimate supports;
  • the maximum EMI the estimate allows;
  • the illustrative annual interest rate and tenor used for that product.

The rate and tenor on each card are fixed illustrative assumptions used to turn a monthly payment into a principal. They are not quoted rates and no lender has offered them to you.

EMI affordability calculator​

Three sliders — loan amount, annual interest rate and tenor in months — with the resulting monthly EMI shown live. The screen describes the comparison it makes: whether the EMI fits within a typical 50% FOIR. The result panel turns green when it does and red when it does not, and always shows the headroom figure it compared against. The calculator is independent of the product cards; nothing you set here is saved.

Detected fixed obligations​

A table of the recurring monthly debits identified from your statements — EMIs, rent or subscriptions — with the monthly amount for each. If none were found, the panel says so.

How to use it​

  1. Open Loan Eligibility.
  2. Choose a period from the selector in the header. The default is the last year of data anchored to your most recent statement; you can also pick this month, the last 3 or 6 months, the last year to today, or a custom date range.
  3. Check the four figures at the top, especially the obligations total — if a recurring debit is missing or wrong, everything below inherits that.
  4. Read the three product cards for an indicative borrowing range.
  5. Drag the calculator sliders to test a specific loan and see whether the EMI sits inside your headroom.

Notes and limits​

  • This is an estimate, not a credit decision. The page states this directly: estimated from bank-statement cash flow only, with no bureau score, no KYC and no declared income. It is not a loan offer, and a lender's own assessment will differ.
  • Everything is derived from the statements you have uploaded for the selected period. Income, spending and debts that do not appear in those statements are invisible to the estimate.
  • Obligations are detected from recurring debit patterns. A payment that does not recur predictably will not be counted, and a recurring debit that is not really a fixed obligation may be.
  • If no regular income is detected in the period, eligibility is shown as nil.
  • The calculator's headroom is based on the same income and obligations shown at the top of the page, so changing the period changes what counts as affordable.
  • Changing the period changes the number of months averaged, which can move the figures noticeably on a short period.
  • With no processed statements there is nothing to estimate from, and the page says so.
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