My Money

Home loan eligibility & affordability calculator

Banks decide how much you can borrow from your income and existing EMIs. RBI caps how much of the property price they can fund. Your savings cover the rest. Here is where those limits meet.

₹
Add your partner’s if applying jointly
₹
Share of income for all EMIs
 %
 yrs
₹
₹20 lakh
Home you can afford
₹74.07 L
with a loan of ₹59,25,600 at ₹51,424/month

How the price is paid

Loan₹59.26 LDown payment₹14.81 LStamp duty & registration₹5.18 L
Loan-to-value
80%
Max EMI allowed
₹75,000
Total interest
₹64,16,096
Your savings are the limit — banks can lend at most 80% of a home at this price, and stamp duty comes from your savings too. Saving more raises your budget.
About ₹5,18,490 of your savings is kept for stamp duty and registration (≈7%, varies by state). Budget separately for interiors and moving.
How it’s calculated

The maths, in plain words

Income limit (FOIR)

Banks usually let all your EMIs together take 40–60% of your net monthly income. We use the share you pick, minus EMIs you already pay.

Loan-to-value limit

RBI lets banks fund up to 90% of a property up to ₹30 L, 80% up to ₹75 L and 75% above that.

Your down payment

Whatever the loan doesn’t cover must come from your savings — plus roughly 6–8% more for stamp duty and registration.

Questions

People also ask

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How much home loan can I get on ₹1 lakh salary?
With no other EMIs, a 50% FOIR at 8.5% for 20 years allows a loan of about ₹58 lakh. Banks also look at your age, credit score and job stability.
What is a safe EMI?
Many planners suggest keeping all EMIs under 30–40% of take-home pay, even if a bank allows more, so you can keep investing and handle emergencies.
Understand it

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