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Fill in your income, monthly expenses, and savings — we calculate the maximum property price a bank would approve for you.
How this calculator works
Bank's EMI limit (FOIR)
Indian banks follow a rule called FOIR — Fixed Obligation to Income Ratio. They allow a maximum of 50% of your gross monthly income to go toward all EMIs combined (home loan + car loan + personal loans, etc.). This is the bank's hard cap.
Your actual surplus
We also check what's left after your real expenses (rent, groceries, school fees, etc.). We keep 10% of that surplus as a savings buffer, so you don't stretch yourself dangerously thin.
Tighter limit wins
Your max EMI is the lower of the bank's cap and your real surplus. From that EMI we reverse-calculate the maximum loan and property price using an 80% LTV (you pay 20% as down payment, the bank lends 80%).
Income (monthly)
Expenses (monthly)
Downpayment & Loan
Cash needed ≈ 28% of priceBanks in India lend up to 80% of property value — you need to arrange the remaining 20% (down payment) plus registration costs from your own savings.
Your personal savings you can put in upfront (e.g. 25 = ₹25 Lakh)
750+ → best rates · 650–749 → acceptable · below 650 → higher rate or loan rejection
Enter income and expenses to see your property budget.
AI Advisor
LiveIncome minus all your monthly expenses. This is what you have left to spend on EMIs and savings.
The maximum home loan a bank would sanction based on your income, FOIR limit, and CIBIL score.
Max loan ÷ 80% — since the bank covers 80% of property value, your total budget is higher than just the loan amount.
Enter your income and expenses to see your buying power.
Our calculator considers your monthly income, existing loan EMIs, desired loan tenure, and prevailing interest rates to determine how much property you can comfortably afford. The general rule of thumb is that your total EMI (including the new home loan) should not exceed 40-50% of your net monthly income.
A common rule is that your total EMIs — including the new home loan — should stay within 40–50% of your net monthly income. On a ₹1 lakh/month salary with no existing EMIs, that supports a loan of roughly ₹50–60L over 20 years, plus your down payment. Use the calculator above with your exact income, EMIs, tenure, and rate for a precise figure.
EMI (Equated Monthly Instalment) is the fixed amount you pay the bank each month, covering both principal and interest. It depends on the loan amount, interest rate, and tenure. A longer tenure lowers the monthly EMI but increases the total interest paid over the life of the loan.
Banks typically finance 75–90% of the property value, so you fund a 10–25% down payment from savings. On a ₹80L flat that is ₹8–20L. Remember to also budget for stamp duty (6% in Maharashtra), registration (1%), and GST on under-construction properties — these are not covered by the loan.
A home loan lets you preserve savings, claim tax deductions on interest (Section 24) and principal (Section 80C), and buy sooner. Paying cash avoids interest cost entirely. Most buyers use a loan because home loan rates (8.25–9.5%) are among the cheapest credit available and the tax benefits narrow the effective cost further.
Eligibility is driven by your net monthly income, existing EMI obligations, CIBIL score, age and remaining working years, employment stability, and the chosen tenure. A higher income, clean credit history, and longer tenure increase the loan amount a bank will sanction.