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Enter your monthly income, existing EMIs, the interest rate you have been quoted and the tenure you want. See the maximum EMI you can carry, the loan amount that supports, and the property budget it puts within reach.
Drag a slider or type a value.
Spouse or parent income is clubbed with yours
Share of the property value the bank will lend. The rest is your down payment.
Eligible loan amount
₹57,61,542
≈ ₹57.6L · at 8.5% for 20 years
A longer tenure lowers the EMI per rupee borrowed, so the same income supports a bigger loan — at a much higher total interest cost.
Your eligibility at 20 years and the same EMI capacity of ₹50,000, across quoted rates.
A home loan is not sized off the property — it is sized off the EMI your income can safely carry. Lenders take your net monthly income, apply a FOIR cap (the share of income all EMIs may consume, usually 40–55%), and subtract EMIs you already pay. What is left is your affordable EMI.
That EMI is then discounted back at the quoted interest rate over the tenure to give the principal it can service. Finally the loan is capped by LTV — banks fund 75–90% of the property value — so the property you can buy is the loan plus your down payment.
L — eligible loan amount
E — affordable EMI · I net monthly income · F FOIR · O existing EMIs
i — monthly rate (annual ÷ 12 ÷ 100)
n — number of monthly instalments
Each lever changes a different input. Tap one to apply it to the calculator above and see the effect.
Indicative loan amounts at your current rate (8.5%), tenure (20 years) and FOIR (50%), assuming no existing EMIs.
Indicative only. Actual sanction depends on credit score, age, employer profile, property valuation and lender policy.
With ₹1,00,000 net monthly income, ₹10,000 existing EMIs and a 50% FOIR, the affordable home loan EMI is ₹40,000. At 8.5% p.a. for 20 years that supports an estimated loan of ₹46,09,234, or a property budget near ₹57.6 lakh at 80% funding.
The calculator first applies the selected FOIR to monthly net income, subtracts existing EMIs, and treats the remainder as the affordable home loan EMI. It then converts that EMI into a loan amount using the selected interest rate and tenure.
FOIR means Fixed Obligations to Income Ratio. It is the share of monthly income that a lender allows for all EMIs combined. A 50% FOIR means total monthly loan obligations should not exceed half of the assessed income.
Enter the stable monthly net income that a lender is likely to consider. If there are co-applicants, include their income only when they will apply jointly and the lender accepts it.
Yes. Existing personal loan, car loan, credit card and other monthly obligations use part of the permitted FOIR, leaving less income available for a new home loan EMI.
Usually yes. A longer tenure supports a larger principal for the same affordable EMI, but it also increases total interest and may be limited by the applicant's age and lender policy.
No. It is an indicative estimate. Lenders also assess credit score, age, employment and income stability, property value, loan-to-value limits, documentation and their own underwriting rules.
