Free Affordability Calculator — No Sign-up Required
Enter your monthly income, expenses, and existing loan obligations. The calculator uses the standard FOIR (Fixed Obligation to Income Ratio) method lenders use to show you the maximum home loan and property price you can comfortably afford.
Use your net monthly take-home pay — after tax and PF deductions. If you have a co-applicant, include their income too.
Include groceries, utilities, transport, subscriptions, and household expenses — excluding any loan repayments.
Total of all current loan EMIs — car loan, personal loan, education loan. The lender will deduct these from your EMI eligibility.
The lump sum you can pay upfront — savings, gifts, or proceeds from another property. Includes stamp duty (≈ 5–7% of property price).
FOIR (Fixed Obligation to Income Ratio) is the maximum share of your income that can go toward all EMIs combined. Most banks allow 40–50% for salaried borrowers. Lower means more conservative; higher means more stretched.
Max Property You Can Afford
Monthly Income Allocation
A visual breakdown of where every rupee of your monthly income goes at maximum affordability.
Monthly Income Breakdown — % of Total Income
Now that you know your maximum budget, use the EMI Calculator for your exact monthly payment schedule, or the Rent vs Buy Calculator to see if buying is the right financial move at this price point.
Use your net monthly salary after tax, PF, and other deductions. If you have a co-applicant (spouse or parent), include their income here too — lenders consider combined household income for joint applications.
Living expenses (groceries, transport, utilities) are for your own reference — to see free cash. Existing EMIs matter most to lenders: car loans, personal loans, and education loans all reduce your home loan eligibility.
The sum you can put down upfront. Remember to reserve 5–7% extra for stamp duty and registration. The calculator adds this directly to your max loan to show maximum property price.
Use the current home loan rate from your lender. Longer tenures increase the max loan by lowering the EMI. The FOIR slider lets you choose how conservative or aggressive you want to be — 40% is safe, 50% is typical, above 55% is risky.
The max property price and loan amount show your ceiling. Watch the comfort badge and the "Free Cash / Month" figure — if free cash falls below ₹15,000–20,000, you may feel financially squeezed after the purchase.
Combined income: ₹1.5L/mo | Expenses: ₹45K | Existing EMI: ₹8K (car loan) | Down payment: ₹20L
Rate: 8.5% | Tenure: 20 yrs | FOIR limit: 50%
FOIR — Fixed Obligation to Income Ratio — is the primary metric Indian banks use to decide your home loan eligibility. It caps the total of all your monthly EMI payments (including the new home loan) as a percentage of your gross monthly income.
With a ₹1L/month net income, no existing EMIs, 8.5% rate, 20-year tenure, and a 50% FOIR limit, the maximum EMI is ₹50,000 — translating to approximately ₹51.7 lakh in loan. Adding a ₹10L down payment gives a maximum property price of around ₹61.7 lakh.
The exact figure varies significantly with tenure (30-year tenure raises it to ~₹64L loan), interest rate (9.5% drops it to ~₹47L), and existing EMIs.
No — banks also consider your credit score, employment type, employer profile, property valuation, age, and internal policies. This calculator uses the standard FOIR method to give you a realistic estimate, but the actual sanction may be higher or lower. Pre-qualifying with your bank before house-hunting gives you a firm number.
40% or below is considered conservative and gives you comfortable breathing room for emergencies, investments, and lifestyle. 50% is the common bank limit. Going above 50% is possible but leaves little room for unexpected expenses — a job loss or medical emergency could quickly become a financial crisis.
Yes, if you are applying jointly. Joint home loans allow combined income to be used for eligibility, increasing your maximum loan amount. Both applicants' credit scores are checked, so make sure both are in good standing before applying.
RBI guidelines cap Loan-to-Value at 90% for loans up to ₹30L, 80% for ₹30L–₹75L, and 75% for loans above ₹75L. This means for a ₹90L property, the bank will fund at most ₹67.5L (75%) — you must arrange the remaining ₹22.5L as down payment. If the LTV shown in results is above the applicable cap, you may need a larger down payment.
No. All calculations happen entirely in your browser. Nothing is sent to any server.
