Loan eligibility · home budget

Loan Affordability Calculator

Find out how big a loan banks are likely to give you, how much is comfortable to repay, and what home or car price that means once your savings for the down payment are counted.

Your income

Monthly take-home payIn-hand salary or business income after tax

₹

Co-applicant's take-homeSpouse or parent applying with you (optional)

₹

Existing EMIsCar, personal or other loans, and credit-card EMIs

₹

Bank's limit on total EMIs

The loan

Interest rate

TenureBanks usually end loans by age 60–70

yrs

Savings for the purchaseDown payment plus costs like stamp duty

₹

Stamp duty and registrationPaid from your savings; 5–8% in most states

Can I afford this one?

Price you have in mind

₹

How this works

EMI limit (FOIR): most banks keep all your EMIs, old and new, under 40–60% of take-home pay, depending on income and credit score. Your new EMI limit is that share minus the EMIs you already pay.
Loan amount is what that EMI can repay over your tenure at the interest rate.
Loan-to-value (home loans): under RBI rules, the share of the property value a bank can lend depends on the loan size: loans up to ₹30 lakh can be up to 90% of the value, loans from ₹30–75 lakh up to 80%, and loans above ₹75 lakh up to 75%. The rest, plus stamp duty and registration, comes from your savings.
Comfortable means EMIs at about 30% of take-home pay, leaving room for savings, emergencies and rate rises.

Actual eligibility depends on your credit score, age, job stability and the lender's policy. This is an estimate, not a loan offer.