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Loan Affordability Calculator

How much loan can I afford?

Enter your monthly EMI you can comfortably pay. We'll work backwards to show the maximum loan amount you could take at current interest rates.

01Your situation
Monthly net income (take-home) ₹
₹20K₹1L₹3L₹10L
Net, not CTC. Banks use what lands in your account after PF, professional tax and TDS — typically 70–80% of CTC/12. Using gross will overstate everything below.
Savings you can put in ₹
₹1L₹25L₹1Cr₹2Cr
This must cover the down payment and stamp duty + registration. Banks are barred from counting duty toward the property's value — it comes entirely from you.
Existing EMIs (car, personal, cards) ₹
₹0₹25K₹50K₹2L
Include ~5% of any revolving credit card balance — lenders do, even if you clear it monthly.
Interest rate (per annum) %
6%9%12%15%18%
Tenure (years) yrs
1102030
FOIR the bank will allow %
30%40%50%60%
Most lenders cap at 50–55%. Use 40% for what you can comfortably live with, rather than the maximum they'll sign.
Stamp duty + registration %
0%4%7%10%
Varies by state — Maharashtra ~6-7%, Karnataka ~5-6%, Delhi ~4-6%. Many states discount it for female buyers.
02What you can actually buy
live
Property you can buy
₹0
—

Income route
₹0
—
Savings route
₹0
—
Loan you can raise ₹0
LTV the bank will allow 0%
Down payment you must fund ₹0
Stamp duty + registration ₹0
Total cash you need on day one ₹0
Your EMI ₹0
EMI to income ratio (FOIR) 0%
Bank approval likelihood —
Total interest over tenure ₹0
Total amount you'll pay ₹0
Total ₹0
Principal 0% ₹0
Interest 0% ₹0

How this calculator works

The standard EMI formula is: EMI = P × r × (1+r)n / ((1+r)n − 1). To find the maximum principal (P), we rearrange: P = EMI × ((1+r)n − 1) / (r × (1+r)n). Given your maximum monthly EMI, the interest rate, and the tenure, this tells you the largest loan amount that gives exactly that EMI.

How banks actually decide your eligibility

Beyond your stated capacity to pay, banks look at:

  • FOIR (Fixed Obligation to Income Ratio): total existing EMIs + proposed EMI as a percentage of net monthly income. Most banks cap this at 50-55%.
  • CIBIL score: 750+ for the best rates and highest approval; below 700 limits options.
  • Income stability: minimum 2 years of continuous employment, or 3 years in business.
  • Age and tenure compatibility: loan must finish before you turn 60-70 depending on lender.
  • Property value (for home loans): RBI caps LTV by loan size — 90% up to ₹30 lakh, 80% from ₹30–75 lakh, 75% above ₹75 lakh — so you fund the 10–25% gap plus stamp duty from savings. Source: RBI Master Circular — Housing Finance · verified July 2026

This calculator gives you the affordability math. Use it as a guide, then have a conversation with the lender to confirm your specific eligibility.

Sources & standards

Every regulated figure on this page, what it is, and the primary source it comes from.

WhatCurrent valueSourceVerified
Loan-to-Value ceilings — individual housing loans90% — up to ₹30,00,000
80% — up to ₹75,00,000
75% — above ₹75,00,000		RBI (Commercial Banks — Credit Facilities) Directions, 2025, para 1112026-07
Fixed Obligation to Income Ratio ceiling50–55%Lender underwriting practice — NOT an RBI rule2026-07

Not tax or legal advice. See every standard this site uses →

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