Eligibility Test

Monthly Income

EMI of other bank

Living Expenses

No. of Years

Interest Rate

Proceed

Computation of Loan Eligibility: 

  1. Monthly Income: …………………………..

  2. Monthly Expenses: ……………………

    • EMI of other Loans

    • Monthly Living Expenses

  3. Disposable Income ( A - B ): …………….


Maximum permissible EMI ( C / 1.5 ): ……………..

Note: Generally, banks and financial institutions consider disposable income to be 1.3 to 1.5 times of permissible EMI.For our calculation part ,  we shall consider 1.5 times in each case.

Hence, loan eligibility amount shall be calculated considering maximum permissible EMI, loan tenure and interest rate of the respective banks and financial institutions.