MyEMI Loan Eligibility calculator is useful to easily understand what is your borrowing power.
This app will help you to find eligible loan amount one can get from the bank. User has to key-in the rate of interest, tenor, Gross Monthly Salary or Net Monthly Profit and other loan obligations. App will compute the eligible loan amount; the maximum loan amount that can be sanctioned for entered values.
App will calculate eligible loan amount assuming that user can pay EMI up to 54.9 % monthly take home salary.
Very useful application, easy to use.
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