A home loan affordability calculator tells you the maximum property price you can afford based on income, existing debts, and down payment capacity. Banks limit EMI to 40-50% of net income (FOIR rule).
Calculate How Much Home You Can Afford
Enter salary, EMIs, loan terms to see max property budget.
How Banks Calculate Eligibility
FOIR Rule
Max EMI = Net Monthly Income x FOIR (40-50%)
Max EMI = Net Income - Existing EMIs| Income | FOIR |
|---|---|
| Below Rs.25K | 40% |
| Rs.25-50K | 45% |
| Rs.50K-1L | 50% |
| Above Rs.1L | 55-60% |
Example: Rs.80K Net Salary
Max EMI = 80K x 50% = Rs.40K. At 8.5%/20yr: Max Loan = Rs.46.2L. With 20% down: Max Property = Rs.57.7L
Budget 20% down for better rates. On Rs.60L property = Rs.12L upfront.
Eligibility by Salary (2026)
| Net Salary | Max EMI (50%) | Max Loan (20yr) | Property (20% down) |
|---|---|---|---|
| Rs.30K | Rs.15K | Rs.17.3L | Rs.21.6L |
| Rs.50K | Rs.25K | Rs.28.9L | Rs.36.1L |
| Rs.75K | Rs.37.5K | Rs.43.3L | Rs.54.1L |
| Rs.1L | Rs.50K | Rs.57.7L | Rs.72.1L |
| Rs.1.5L | Rs.75K | Rs.86.6L | Rs.1.08Cr |
| Rs.2L | Rs.1L | Rs.1.15Cr | Rs.1.44Cr |
Rs.10K car EMI on Rs.80K salary: max home EMI drops to Rs.30K (not Rs.40K).
Tips to Increase Eligibility
- Add co-applicant — Spouse income increases limit 50-80%
- Clear existing EMIs — Every Rs.10K cleared adds Rs.11.5L eligibility
- Longer tenure — 25-30 years reduces EMI, increases eligible amount
- Improve CIBIL — 750+ gets best rates, each 0.25% rate reduction adds Rs.2-3L
How to Use the Tool (Step by Step)
- 1
Enter Monthly Income
Net take-home salary after TDS.
- 2
Add Existing EMIs
Car loan, personal loan, credit card EMIs.
- 3
Set Loan Parameters
Rate (8-9.5%), tenure (15-30 years).
- 4
View Affordability
Max loan, max EMI, max property price.
Frequently Asked Questions
How much home loan on Rs.50K salary?+−
~Rs.28-30L for 20yr at 8.5%. With 20% down: property up to Rs.36-37L.
What is FOIR?+−
Fixed Obligation to Income Ratio. Banks limit total EMIs to 40-50% of net income.
Does spouse income help?+−
Yes. Co-applicant combines incomes. Can increase loan 50-80%.
What CIBIL score needed?+−
750+ for best rates. 700-750 higher rates. Below 700 may face rejection.
Stamp duty extra?+−
Yes. 5-7% stamp duty + 1% registration + 0.5-1% processing = 7-9% extra.
Is this free and private?+−
Yes. Browser-based. No financial data sent anywhere.
Calculate How Much Home You Can Afford
Enter salary, EMIs, loan terms to see max property budget.
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