Home Loan Affordability Calculator
Free online home loan affordability calculator that runs entirely in your browser.
How the Home Loan Affordability Calculator works
The Home Loan Affordability Calculator works on Net monthly income (₹), Existing EMIs (₹), Interest rate (% p.a.), Tenure (years) and shows the result as you type. The same input always gives the same answer — refresh the page and you will see exactly the same figure.
Formula used
Home Loan Affordability Calculator is computed by the formula below, using the inputs you provide.
Inputs used: Net monthly income (₹), Existing EMIs (₹), Interest rate (% p.a.), Tenure (years).
Worked example
Take the default example — net monthly income (₹) of 100000, interest rate (% p.a.) of 8.5, tenure (years) of 20:
- Estimated loan eligibility: 5,761,542
- EMI capacity (50% FOIR): 50,000
- Property budget (90% LTV): 6,401,713
- tenure: 20
Frequently asked questions
- Is the Home Loan Affordability Calculator free?
- Yes. There is no signup, no usage limit and no watermark — the calculator runs entirely in your browser.
- Does the Home Loan Affordability Calculator store or send my data?
- No. Every calculation happens locally in the page, so the numbers you type are never uploaded or logged.
- Does it work on a phone and offline?
- Yes — the page is a single lightweight file that adapts to any screen size. Once it has loaded it keeps working without a network connection.
- What inputs does the Home Loan Affordability Calculator need?
- Net monthly income (₹), Existing EMIs (₹), Interest rate (% p.a.), Tenure (years). Change any of them and the result updates instantly.