Home Loan Affordability Calculator

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Methodology
Your Home Loan eligibility depends upon how much EMI can you afford in repaying the loan. Most lenders will take into account all EMI payments you make (e.g. car loan, personal loan, home loan etc.). Generally the maximum combined EMI that will be permitted is around 45% to 60% of your gross salary. Therefore, when using this calculator please include the EMI payments for all current loans that you have outstanding.

Once a lender is comfortable with your EMI payment capacity, the lender arrives upon a figure for the total loan that can be given to you. Generally, lenders expect that you will pay at least 15% to 20% of home purchase price amount as the down payment . The remaining 80% to 85% is the loan that lender will give you.

Disclaimer
Each home loan case is unique so, please do not take any decision based on just this calculator. Contact us at 0124 - 4780222 for personalized advice.