How much home can I afford?
Your home budget = the loan your affordable EMI supports + your down payment. The affordable EMI is the share of take-home income you are willing to commit to all EMIs, minus the EMIs you already pay.
Affordability calculator
Lenders use their own limit on the share of income that can go to EMIs (often called FOIR) and their own loan-to-value limits; ask your lender for theirs. Leave room for stamp duty, registration and interiors, which are usually not financed.
Budget for the extra costs
Besides the down payment, set aside money for stamp duty and registration (see the stamp duty guide), legal checks, moving and furnishing, and keep an emergency fund so a job change or rate rise does not put the EMI at risk.
Frequently asked questions
How much home loan can I get on my salary?
It depends on the EMI you can carry. This calculator takes the share of income you set aside for EMIs, subtracts existing EMIs, and converts the rest into a loan amount at your rate and tenure.
What share of income should go to EMIs?
There is no single rule; lenders set their own limits. A lower share leaves more room for savings and rate increases.
Does the budget include stamp duty?
No. Stamp duty, registration and other purchase costs are extra, so keep part of your savings aside for them.
These calculators use only the numbers you enter; the starting values are examples, not offers or forecasts. Lenders set the actual rate, tenure, eligibility and fees. Information only, not financial advice.