Home Loan Affordability Calculator
Calculate maximum home loan eligibility based on your income and existing EMIs.
Your Financial Details
Maximum Eligible Loan
₹31,11,233
Based on 40% FOIR limit
Estimated Monthly EMI
₹27,000
For 20 years @ 8.5%
Affordability Score
Good
Projected FOIR
40.0%
Your FOIR is within comfortable limits. Most banks will approve your home loan application.
FOIR Breakdown
Home Loan Affordability Calculator कसरी प्रयोग गर्ने
- 1
Enter your total monthly take-home income (post-tax salary or business income).
- 2
Enter the total of all existing EMIs you pay each month (car loan, personal loan, credit card dues).
- 3
Set the expected home loan interest rate offered by your bank.
- 4
Choose the loan tenure you prefer (typically 10 to 30 years).
- 5
View your maximum eligible loan amount and estimated monthly EMI.
- 6
Check your FOIR score and affordability rating to understand your financial health.
Home Loan Affordability Calculator बारेमा
Before you start house hunting, know exactly how much you can borrow. The Home Loan Affordability Calculator uses the FOIR (Fixed Obligation to Income Ratio) method — the same formula banks use — to determine your maximum eligible home loan amount.
How Banks Decide Your Loan
Banks look at your monthly take-home income and total existing EMIs. They approve a home loan only when total EMIs (including the new one) stay below 40-50% of your income. This ratio is called FOIR.
- Maximum eligible loan — calculated using 40% FOIR limit
- Estimated monthly EMI — what you would pay per month
- Affordability score — Excellent (FOIR under 35%), Good (35-45%), Moderate (45-55%), or Stretched (above 55%)
- FOIR breakdown — visual breakdown of income allocation
Improve Your Eligibility
If your affordability score is moderate or stretched, consider: adding a co-applicant to combine incomes, prepaying existing loans to reduce FOIR, improving your credit score above 750, or choosing a longer tenure (up to 30 years) to reduce the projected EMI. This tool helps you plan before you apply.