Home Loan Affordability Calculator
Find out how much home you can afford based on your income, expenses, down payment, and loan eligibility. Includes EMI stress test and bank eligibility estimate.
Home Affordability Calculator
Income-based home loan eligibility and affordability check
Take-home salary after all deductions (PF, tax, etc.)
Car loan, personal loan, credit card EMI — all existing obligations
Cash ready for down payment (excluding stamp duty & registration)
Eligibility estimate based on 40% FOIR. Actual bank sanction depends on credit score, employer profile, and property valuation.
Indian banks typically allow a maximum EMI-to-income ratio of 40–50%. On a Rs 1 lakh monthly income, your total EMI burden (all loans combined) should not exceed Rs 40,000–50,000. If your existing car and personal loan EMIs already consume Rs 25,000, you only have Rs 15,000–25,000 left for a home loan — which limits your eligibility to roughly Rs 12–20 lakh, not Rs 80 lakh as many first-time buyers assume.
Home Affordability Calculator — How Much House Can You Buy in India?
Buying a home is India's largest financial decision. This calculator uses your net income, existing obligations, down payment, and current interest rates to tell you exactly how much home you can realistically afford — before you fall in love with a property beyond your means.
The 40% FOIR rule
Banks use the Fixed Obligation to Income Ratio (FOIR) to determine home loan eligibility. A FOIR of 40% means your total EMIs (including the new home loan) should not exceed 40% of net monthly income. Some banks go up to 50% for high-income applicants, but staying at 40% is prudent — it leaves room for emergencies and lifestyle expenses without financial stress.