Home Affordability Calculator
Enter your take-home pay, any EMIs you already pay and your savings. The calculator applies the rules most banks use — about half your income for all EMIs, and RBI's loan-to-value caps — to show the home loan and the price of home you can aim for, with links to projects in that budget.
You could buy a home of about
₹38.61 L
Home loan ₹30.89 L at an EMI of ₹26,805/month for 20 years.
- EMI room (50% of income − existing EMIs)
- ₹50,000
- Loan your income supports
- ₹57.62 L
- Loan your savings allow (RBI loan-to-value caps)
- ₹30.89 L
- Home loan
- ₹30.89 L
- Down payment from savings
- ₹7.72 L
- Stamp duty + registration kept aside
- ₹2.28 L
- Total interest over the loan
- ₹33.44 L
Your savings set the limit here: banks lend at most 75–90% of the price, so the rest has to come from you. More savings would raise it.
Homes in your budget
An estimate, not a loan offer. Each bank sets its own share of income (often 40–60%), may count only part of variable pay, and limits tenure by your age at the end of the loan. Check your eligibility with your bank.
How it is worked out
- EMI room = take-home income × 50% − EMIs you already pay.
- Loan from income: the loan that EMI repays at your rate and tenure, P = EMI × ((1 + r)n − 1) / (r × (1 + r)n), where r is the monthly rate and n the number of months.
- Loan from savings: the largest loan RBI's caps allow with your savings as the down payment (90% of the value for loans up to ₹30 lakh, 80% up to ₹75 lakh, 75% above).
- Your loan is the smaller of the two; your budget is that loan plus your savings, less what is kept for stamp duty and registration.
Rules of thumb as of November 2026. Also see the EMI calculator and Gujarat stamp duty calculator.
Questions buyers ask
How much home loan can I get on my salary?
Most banks let all your EMIs together take up to about half of your take-home pay (this share is called FOIR). At 8.5% for 20 years, every ₹10,000 of EMI repays a loan of about ₹11.5 lakh, so ₹1 lakh a month in hand with no other loans supports a loan of about ₹57.6 lakh.
What is FOIR?
Fixed Obligations to Income Ratio: the share of your monthly income that goes to EMIs, including the new home loan. Banks commonly allow 40–60% depending on income and the lender; this calculator uses 50%.
How much down payment do I need?
RBI caps a home loan at 90% of the property value for loans up to ₹30 lakh, 80% for loans above ₹30 lakh up to ₹75 lakh, and 75% above ₹75 lakh. The rest, plus stamp duty and registration (about 5.9% in Gujarat), comes from your own savings.
Can I include my spouse’s income?
Yes. With a co-applicant, banks add both incomes and both sets of EMIs. Enter the combined take-home pay and EMIs to see the joint budget.
Does a longer tenure raise how much I can borrow?
Yes: the same EMI repays a bigger loan over more years, but you pay much more interest in total. Banks also cap the tenure so the loan ends by around retirement age.