Monthly Household Income ₹1,00,000

Existing Monthly EMIs / Obligations ₹0

Available Down Payment ₹10,00,000

Interest Rate (% p.a.) 8.5%

Loan Tenure (years) 20 years

FOIR Assumption 45%

Fixed Obligation to Income Ratio — the share of your income lenders typically allow toward all EMIs combined. Actual limits vary by lender; 40-50% is a commonly-used range.

Estimated Property Budget

₹0

loan-eligible amount + your down payment

Maximum Affordable EMI₹0

Estimated Loan Eligibility₹0

Plus Your Down Payment₹0

This is a planning estimate using a commonly-cited FOIR assumption, not a loan pre-approval. Actual eligibility depends on your specific lender's policy, credit profile, employment type, and other liabilities — confirm with a lender directly before treating this as your real budget.

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How this is calculated

Lenders typically cap your total monthly EMI obligations (existing + new) at a percentage of your monthly income — this is your FOIR (Fixed Obligation to Income Ratio). This calculator takes (Income × FOIR%) − Existing EMIs to find your maximum affordable new EMI, then works backward through the standard EMI formula (using your chosen interest rate and tenure) to estimate the loan amount that EMI could support. Your total property budget is that loan amount plus your available down payment.

FOIR limits, and how strictly they're applied, vary meaningfully between lenders and can depend on your income type (salaried vs. self-employed), credit score, and existing relationship with the bank. Treat the number here as a starting point for a conversation with a lender, not a guaranteed eligibility figure.

Remember to budget separately for stamp duty, registration, and other one-time charges on top of the property price — see the Stamp Duty & Registration Calculator.

Affordability Calculator

Estimated Property Budget

How this is calculated

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