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How much loan you can get based on your income and existing obligations
You're eligible for a loan of
₹57.62 L
at 8.5% over 20 years.
₹57.62 L
₹10.00 L
To buy a property worth ₹67.62 Lat the standard 80% LTV cap, you'll need a down payment of at least ₹13.52 L.
Your current own contribution is below 20% of the target property value. Either increase your down payment or aim for a property up to ₹67.62 L (capped by the bank's 80% LTV).
Banks decide your home loan amount mainly through the FOIR rule (Fixed Obligation to Income Ratio). They allow your total monthly EMIs — across all loans — to be at most a fixed percentage of your in-hand income, typically 40–60%. Higher income earners may go up to 65–70%.
Your maximum affordable EMI = (FOIR × net income) − existing EMIs. From that EMI, the loan amount is derived using the standard EMI formula in reverse.
Max affordable EMI
MaxEMI = (FOIR × NetIncome) − ExistingEmis
Eligible loan amount
Loan = MaxEMI × [(1 + r)n − 1] / [r × (1 + r)n]
r = monthly rate (annual ÷ 12 ÷ 100)
n = total months
Compare calculations across closely related financial tools in this category.
Pair your loan with parallel wealth creation to neutralize bank interest.
Your ₹50L home loan costs ₹54L extra in interest. A small parallel mutual fund SIP wipes that out and leaves you wealthier after 20 years.