What is loan amount calculator?

A loan amount calculator is a tool that helps calculate the loan amount that can be borrowed based on the borrower’s income, expenses, and credit history. This calculator can be used to determine the maximum loan amount that a borrower can afford to repay based on their financial situation.

To use a loan amount calculator, you typically need to enter your income after expenses, and credit score or monthly EMI amount which you can bear after all expenses. The calculator will then analyze the entered details and provide an estimate of the maximum loan amount that you can afford to borrow.