Loan Eligibility Calculator
Check how much loan you can qualify for based on income.
Loan Eligibility Calculator
Check how much loan you can qualify for based on income.
Enter Details
Eligible Loan
₹23,68,251
Max EMI
₹30,000
Tenure
10 years
Key Details
Monthly Income
₹80,000
Obligations
₹10,000
Interest Rate
9.00%
Why RupeePlanner
- Instant calculations with real-time charts.
- Amortization schedules for full clarity.
- Excel exports for sharing.
How it works
Formula, assumptions, and schedule
Formula
EMI = P x r x (1 + r)^n / ((1 + r)^n - 1)
P = principal, r = monthly rate, n = number of months.
Steps
- Enter loan amount, interest rate, and tenure.
- Review EMI, total interest, and total payment.
- Use the amortization schedule to see monthly principal vs interest.
FAQs
Know the basics before you calculate
How does this calculator work?
It uses standard financial formulas to estimate results based on your inputs.
Can I download the Excel schedule?
Yes. Loan calculators include a Download Excel button for the month-wise schedule.