Loan Calculators & Eligibility

Empower your financial decisions with our advanced calculators and detailed eligibility guide.

EMI Calculator

Loan Eligibility Calculator

Factors Affecting Your Loan Eligibility

  • Credit Score: A higher credit score indicates financial discipline and improves your chances of approval.
  • Income: Stable and higher income gives lenders confidence in your repayment capacity.
  • Debt-to-Income Ratio (DTI): Lenders check how much of your income goes towards debt. A lower DTI is preferred.
  • Employment Stability: A consistent employment history signals a steady source of income.
  • Age: Your age can affect the maximum loan tenure you are eligible for.

How to Improve Your Eligibility

  • Pay Bills On Time: Consistently paying your dues is the best way to build a strong credit score.
  • Reduce Existing Debt: Clear outstanding loans and credit card bills to lower your DTI.
  • Avoid Multiple Applications: Applying for too many loans at once can negatively impact your credit score.
  • Add a Co-applicant: Including a co-applicant with a good income and credit score can enhance your eligibility.
  • Check Your Credit Report: Look for errors in your credit report and get them rectified.