Property Scroll · Buyer tools
How much home can you afford?
A quick, honest read on your home-loan eligibility - from what you earn to the loan a lender is likely to extend, the property price that puts within your reach, and the monthly EMI behind it.
Your numbers
Rs 1,20,000
No existing obligations
You fund 20%, the loan funds 80%
What you could afford
Eligible loan amount
Rs 69.14 Lakh
Rs 69,13,850
Affordable property price
Rs 86.42 Lakh
Rs 86,42,313
Monthly EMI at that loan
Rs 60,000
8.50% over 20 yrs
Down payment needed
Rs 17.28 Lakh
20% of price
How this is worked out
Lenders cap total EMIs at about 50% of net income (FOIR). That leaves a repayment capacity of Rs 60,000 per month after your existing obligations - which we turn back into the loan and price above.
Indicative only. Actual eligibility depends on the lender, credit profile, and income proof.
How the numbers work
From your income to a real budget, step by step.
Repayment capacity (FOIR)
Lenders cap your total EMIs at roughly half of net monthly income. We take that ceiling, subtract any EMIs you already pay, and what remains is the room for a new home-loan instalment.
Eligible loan
That monthly capacity is run through the standard reducing-balance EMI formula, inverted - so we solve for the largest loan whose EMI, at your rate and tenure, fits the capacity.
Affordable price
Add your down payment on top of the eligible loan. A larger down payment lifts the price you can reach, since the bank funds the rest against the property.
Ready when you are
Now put that budget to work.
Explore verified listings across India priced for what you can afford, or read how the EMI and affordability read appears on every home.