Magnet LAP Calculator

Personal Loan Eligibility Calculator – Magnet Finserv

Your Profile

Monthly Net Income ₹50,000

₹10K₹5L

Existing Monthly EMIs ₹5,000

₹0₹1L

Your Age 30 years

21 yrs58 yrs

Annual Interest Rate (R) 22% p.a.

14%30%

Loan Tenure 36 months

6 mo60 mo

Eligibility Result

Eligible Loan Amount

₹7,68,000

Based on your income & existing obligations

Monthly EMI

₹25,000

Max Allowed EMI

₹25,000

Total Interest

—

Total Payable

—

75%

Score

Approval Likelihood

High

Strong income-to-EMI ratio. Good chance of approval.

⚠️ Your existing EMIs already exceed 60% of your income. Reduce existing obligations or increase income to qualify.

Results are indicative. Final approval subject to Magnet Finserv's credit assessment.