Home Buying

Home Loan Affordability Calculator

Calculate how much home loan you can afford based on your income, expenses, and down payment savings.

Your Financial Details

Monthly Gross Income ₹100000
Monthly Expenses ₹40000
Existing EMIs ₹10000
Down Payment Available ₹1000000
Interest Rate (p.a.) 8.5%
Loan Tenure 20 Years

Key Factors

FOIR Rule: Banks typically allow 40-50% of your income for EMI payments. We use 45% as a safe guideline.

LTV Ratio: Most banks offer up to 80-90% of property value as loan.

Your Loan Eligibility

Available Income for EMI
₹50,000
Maximum Affordable EMI
₹45,000
Maximum Loan Amount
₹68,00,000
Down Payment
₹10,00,000
Total Home Budget
₹78,00,000
Total Interest Payable
₹40,00,000

💡 Recommendation

Based on your income and expenses, you can comfortably afford a home worth up to ₹78,00,000 with a loan of ₹68,00,000.

Tips to Increase Eligibility

  • • Close existing loans to reduce EMI burden
  • • Add co-applicant income (spouse/parent)
  • • Increase down payment amount
  • • Opt for longer tenure (reduces EMI)

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