Loan Eligibility Calculator
Check your loan eligibility based on income and debt. Get pre-qualification estimates.
Understanding Loan Eligibility
Lenders use the 28/36 rule to determine loan eligibility: You should spend no more than 28% of gross income on housing and no more than 36% on total debt obligations.
Credit Score Ranges
Tips for Better Loan Approval
- Improve your credit score before applying
- Reduce existing debt obligations
- Provide a stable income history
- Consider a co-signer if needed
- Save for a larger down payment
- Compare rates from multiple lenders
Frequently Asked Questions
Is this calculation accurate?
This is an estimate based on standard lending criteria. Actual approval depends on many factors including employment history, assets, and specific lender policies. Consult with a lender for accurate information.
Frequently Asked Questions
❓ Is this tool free?
Yes! All our tools are completely free. No registration, no hidden charges, no ads. Just open and use.
🔒 Is my data safe?
Absolutely. All calculations happen in your browser. We don't store, send, or track any of your data. Everything is processed locally on your device.
📱 Can I use this on mobile?
Yes! All our tools are fully responsive and work perfectly on smartphones, tablets, and desktops.
🌐 Do I need internet?
No! Once the page loads, you can use the tool completely offline. All calculations happen in your browser without any server connection.