How this calculator works
This tool applies the 30% EMI rule: your total monthly EMI (this home loan plus any other loans) shouldn't exceed 30-35% of take-home salary. From your income, it works out the maximum comfortable EMI, then converts that into an affordable loan amount at your chosen interest rate and tenure.
This is deliberately more conservative than what a bank will typically approve — lenders often qualify you for more than is comfortable to actually repay every month.
FAQs
Should I borrow the maximum the bank approves?
No — bank approval reflects what you can technically repay, not what leaves your budget comfortable. Use this calculator's more conservative number as your real ceiling.
What costs beyond the EMI should I budget for?
Registration and stamp duty (5-7% of property value), interior fit-out, and ongoing maintenance — see how much house you can actually afford for the full breakdown.