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Loan Affordability Calculator

Don't guess - know exactly how much you can afford! Calculate your affordable loan amount based on monthly budget, salary, and financial comfort. Avoid over-borrowing.

Budget-First Calculator

Start with what you can afford to pay monthly, and we'll show you the maximum property value within your reach. Perfect for first-time home buyers!

1
Your Capacity

Monthly Budget

How much can you comfortably pay as EMI?

₹

₹5,000₹5,00,000

Down Payment %

Minimum 10-20% for most banks

%10%80

2
Loan Terms

Interest Rate

%6%15

Loan Tenure

Yr5Yr30

Total Property Value

₹50,41,349

Within your budget!

Monthly EMI

₹35,000

Your comfort zone

Capital Composition

Max Loan Amount₹40,33,079 (80%)

Required Down Payment₹10,08,270 (20%)

Ready to start your home search

Save ₹10,08,270 for down payment, then you're ready!

Start saving for down payment

Target: ₹10,08,270 - Set up a dedicated savings account

Check your credit score

A score of 750+ helps get the best interest rates

Get pre-approved for home loan

Visit 2-3 banks to compare rates and get pre-approval letters

Research locations within budget

Look for properties in the ₹45,37,214 - ₹50,41,349 range

Factor in additional costs

Registration (5-7%), stamp duty, legal fees, and interior work

Save Your Home Buying Power Report

Download a PDF with your affordability analysis and next steps

Smart Borrowing: Budget-First Approach

Most people ask "How much EMI for this loan?" The smart question is "What loan can I comfortably afford?" Starting with your budget prevents financial stress and overextension.

The 40% Rule

Financial advisors recommend keeping total EMIs (all loans) under 40% of your monthly income. This leaves enough for living expenses, savings, and emergencies. Our calculator helps you stay within safe limits.

Example: ₹80,000 Monthly Salary

Monthly Income:₹80,000

Safe EMI Limit (40%):₹32,000

Comfortable EMI (30%):₹24,000

Max Home Loan @ 7.75% (20Y):₹58 Lakhs

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