Finance · Loans

Loan Affordability Calculator

Find a loan amount you can afford from monthly income, other EMIs, rate, and tenure — live as you move the sliders.

Your affordability details

1,000 – 20 Lakh

0 – 10 Lakh (500+ typical)

4% – 20% (home loan range)

1 – 30 years

Affordable loan amount

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Affordable EMI —
Available EMI —
Affordable loan —

How this calculator works

Affordability estimates how much loan fits your income at a given rate and tenure, after subtracting other EMIs. We use a FOIR-style model (50% default) so results update live as you adjust sliders.

  1. Enter monthly income (₹1,000 – ₹20 Lakh).
  2. Add other monthly EMIs if any (up to ₹10 Lakh).
  3. Set interest rate (4% – 20%, home loan range).
  4. Set tenure in years (1 – 30).
  5. Read affordable loan and EMI cap — results update live.

Formula

available_emi = (income × FOIR% / 100) − other EMI affordable_loan = PV(available_emi over tenure at monthly rate)

Examples

More about this calculator

Practical use cases

First-time borrowers deciding a budget before browsing properties or cars.

Common mistakes

Ignoring future rate hikes on floating loans when stretching tenure to the maximum.

Tips

Prefer a loan where EMI stays comfortable even if rates rise by 1–2%.

FAQs

Closely related. Affordability focuses on how much fits your income; eligibility usually emphasises lender rules with existing obligations. Both use similar FOIR maths.

This calculator uses 50% by default. Some lenders go higher for strong profiles; self-employed applicants often face stricter caps.

Home and personal loans are usually quoted in years (1–30). The slider matches our home loan and EMI calculators.

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