Home · Home Affordability Calculator
Your budget
How much home can you afford?
Banks decide your home loan by capping your total EMIs at a share of your income — the FOIR, usually 40–55%. This tool applies that rule to your income and existing EMIs, works out the loan you'd qualify for, and adds your down payment to show the property price within reach.
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How affordability is worked out
Lenders don't look at your income alone — they look at how much of it is already committed. The key number is the FOIR (Fixed Obligation to Income Ratio): the share of your net monthly income that can go toward all EMIs combined, usually 40–55% depending on the bank and your income level.
Affordable EMI = (FOIR × net income) − existing EMIs. The eligible loan is the principal that EMI supports at your rate and tenure, and the affordable property price = eligible loan + your down payment.
So two levers raise your budget the most: clearing existing EMIs (which frees up FOIR room) and increasing your down payment. Once you know your number, size the loan with the EMI calculator and pressure-test the decision with rent vs buy.