Home Affordability Calculator
Calculate how much property you can afford based on your income, expenses, and existing liabilities.
₹20,000
₹2.5 Lakh
₹5 Lakh
₹
₹5,000
₹1 Lakh
₹2 Lakh
₹
₹0
₹50,000
₹1 Lakh
₹
₹1 Lakh
₹25 Lakh
₹50 Lakh
₹
6.5%
9.25%
12%
%
Your Affordability Results
You can afford a property worth
₹75,00,000
Seventy Five Lakh Rupees
Eligible
Good Credit Score
Maximum Loan Amount
₹70,00,000
Based on your income
Monthly EMI You Can Pay
₹22,500
40% of monthly income
Debt-to-Income Ratio
Safe Zone
Moderate Risk
High Risk
25% (Good)
Banks typically allow up to 50-60% debt-to-income ratio for home loans.
Affordability Breakdown
- Increase down payment to reduce loan amount
- Consider longer tenure for lower EMI (up to 30 years)
- Improve credit score for better interest rates
- Reduce existing debts before applying
- Add co-applicant to increase eligibility
Indian Bank Home Loan Criteria:
- EMI should not exceed 40-50% of monthly income
- Total debt obligations (including new loan) ≤ 55-60% of income
- Minimum down payment: 20% of property value
- Minimum income requirement varies by city (₹25,000-₹50,000/month)