Car loan eligibility
Banks use FOIR (Fixed Obligations to Income Ratio). Most cap it at 50% of your monthly income.
₹
₹
All loans you're already paying every month.
% p.a.
mo
%
50% is the bank standard. Conservative buyers use 35–40%.
You can afford an EMI of
₹40,000 / month
Maximum eligible loan
₹19.05 Lakh
Banks may also factor your credit score, employer profile, and current financial stability. Use this as a starting point.