Affordability Calculator

We’ll Help you estimate how much you can afford...

  Down payment (INR)

₹ 0
             ₹ 1 Cr


₹ 10,00,000
                 ₹20 L+

   Tenure (Years)

2 Years
                 35 Years

   Interest Rate (% P.A)



₹ 0
                 ₹20 L+

Your Home Loan Eligibility

₹{{ loan_emi_rate | loan_elagibility }} per day

Property Cost

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What is a home loan affordability calculator?

A home loan affordability calculator serves as a valuable financial tool, aiding individuals in estimating the feasible amount they can borrow for a home loan. This calculator takes into consideration various financial aspects to project the maximum loan amount a person may qualify for, taking into account factors such as income, expenses, and other financial commitments.
Key considerations in a home loan affordability calculator include:
•Income: The calculator factors in your gross monthly income.
•Expenses: It takes into account existing monthly financial commitments like loan payments, credit card bills, and other debts.
•Interest Rate: This crucial parameter considers the prevailing or expected interest rate on the home loan.
•Loan Term: The calculator considers the duration of the loan (loan term), impacting monthly payments.
•Down Payment: Some calculators may inquire about the intended down payment amount.
By entering these details, the calculator provides an estimate of the maximum loan amount that won't overly strain your finances. This tool assists prospective homebuyers in understanding their financial capacity, enabling them to make well-informed decisions while house hunting within a specific budget.
In the home-buying process, utilizing a home loan affordability calculator as a first step can be invaluable. It empowers individuals to set realistic expectations and narrow down their property search to options that align with their financial capabilities.

Benefits of Using a Home Loan Affordability Calculator

A Home Loan Affordability Calculator is a valuable tool for individuals looking to purchase a home or refinance an existing mortgage. Here are some benefits of using such a calculator:
1 . Financial Planning: A Home Loan Affordability Calculator helps you assess your financial situation before committing to a home loan. It takes into account your income, expenses, and other financial obligations, giving you a realistic view of how much you can afford to borrow.
2 . Budgeting: By using the calculator, you can determine the monthly mortgage payment that fits comfortably within your budget. This allows you to plan your finances more effectively and avoid taking on a loan that could strain your monthly budget.
3 . Avoiding Over commitment:. The calculator helps prevent overcommitting to a mortgage that may lead to financial stress. It considers factors such as interest rates, loan term, and down payment, ensuring that you borrow an amount that aligns with your financial capabilities.
4 . Time Savings: Calculating home loan affordability manually can be time-consuming and complex. Using a calculator streamlines the process, providing quick and accurate results. This efficiency allows you to explore various scenarios and make informed decisions efficiently.
5 . Understanding Affordability Factors: A Home Loan Affordability Calculator breaks down the components of the loan, including interest, principal, and insurance. This breakdown helps you understand the impact of each factor on your monthly payments and overall loan cost.
6 . Comparing Loan Options: The calculator allows you to compare different loan options by adjusting variables such as interest rates, loan terms, and down payments. This comparison helps you find the most suitable loan that meets your financial goals.
7 . Setting Realistic Goals: By using the calculator, you can set realistic homeownership goals based on your financial situation. It helps you prioritize your needs and preferences while staying within your means.
8 .Prequalification: Using a Home Loan Affordability Calculator is a prequalification step before approaching lenders. It gives you a sense of the loan amount you might be eligible for, allowing you to shop for homes within your budget.
9 . Risk Mitigation: Understanding your financial limits through the calculator helps mitigate the risk of defaulting on your mortgage. It promotes responsible borrowing and reduces the likelihood of encountering financial difficulties down the line.
10 . Confidence in Decision-Making: Armed with accurate information about your affordability, you can approach the home buying process with confidence. This confidence stems from a clear understanding of your financial capacity and the ability to make informed decisions.


The affordability calculator doesn't request any personal information; it solely seeks the necessary details for calculating affordability


The CIBIL score serves as a reflection of an individual's financial history, highlighting their capacity to repay a loan. As such, it holds substantial importance for lenders in the loan approval process.


You can offer any existing asset like gold, land, FDs, etc., as collateral for a home loan.


No, an affordability calculator doesn’t give accurate results. It analyzes information entered by you and gives you an estimated idea about your home loan eligibility and affordability amount.

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