HOME BUYING TOOL
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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