Loan Affordability Calculator
Start from the EMI you can comfortably pay each month and work back to the loan size. Lenders commonly cap total EMIs at around 40–50% of take-home pay.
Updated for the RBI repo rate hike to 5.50% (7 Oct 2026).Calculated in your browser. The amounts you enter are never sent to us or stored.
Quick answer
Maximum loan = EMI × ((1 + r)^n − 1) ÷ (r × (1 + r)^n), where r is the monthly rate and n the number of months. An EMI of ₹20,000 at 9% for 20 years supports a loan of about ₹22.2 lakh.
How to use the Loan Affordability Calculator
- Enter the EMI you can afford.
- Enter interest rate and tenure.
- Read the maximum loan amount and total interest.
Worked example
EMI ₹20,000, 9%, 20 years: maximum loan ≈ ₹22,22,000.
Formula
P = EMI × ((1 + r)^n − 1) ÷ (r × (1 + r)^n)
Frequently asked questions
Will a bank lend me this full amount?
Not necessarily. Banks also look at your income, existing EMIs, credit score and the property value.
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