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 EMI you can pay
₹
Interest rate (per annum)
%
Tenure (years)
yrs
Monthly net income (optional)
₹
We'll check if the EMI fits within the typical 40-50% FOIR limit.
02Maximum loan
You can borrow up to
₹0
EMI to income ratio
0%
Bank approval likelihood
—
Total interest over tenure
₹0
Total amount you'll pay
₹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): LTV typically 75-90%, so you need to fund the 10-25% gap from savings.
This calculator gives you the affordability math. Use it as a guide, then have a conversation with the lender to confirm your specific eligibility.