Home Affordability
Find out the maximum property price you can afford based on your income, existing debt, and downpayment savings.
Your Finances
Car loan, personal loans, credit card EMIs.
Expected Loan Terms
20
Maximum House Budget
₹50,33,079
With a Max monthly EMI of ₹35,000
Max Eligible Loan Amt
₹40,33,079
Interest: 8.5%Tenure: 20 Yrs
Downpayment Savings
₹10,00,000
Your out-of-pocket cash.
Note: Banks usually only lend up to 80-90% of property value. Your max budget might be constrained by your downpayment rather than loan eligibility.
The 50% Rule (FOIR): Banks typically allow your total monthly debt payments (existing EMIs + proposed home loan EMI) to be a maximum of 50% to 60% of your net monthly income.
Hidden Costs: Remember to keep an extra 5-8% of the property value aside for Stamp Duty, Registration, and Brokerage fees. Do not use 100% of your savings for the downpayment.