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Home Affordability Calculator

Find out exactly how much house you can afford to buy based on your salary, existing debt, and bank eligibility rules.

Financial Profile

Post-tax take home pay.

Car loans, personal loans, etc.

20
Your Affordability

Max Home Price

₹55,33,079

Max Eligible Loan₹40,33,079
Your Downpayment+₹15,00,000
Max Affordable EMI₹35,000

The Bank's FOIR Rule Explained

  • What is FOIR? The Fixed Obligation to Income Ratio is how banks decide your loan eligibility. Most banks mandate that your total EMIs (Home Loan + Car Loan + Personal Loans) cannot exceed 50% of your monthly in-hand salary.
  • Impact of Existing Debt: If you earn ₹1 Lakh per month, your max EMI budget is ₹50,000. If you already have a ₹15,000 car loan EMI, the bank will only approve a home loan that has a maximum EMI of ₹35,000. Paying off smaller debts drastically increases your home buying power.
  • The 80/20 LTV Rule: Even if your salary is huge, the RBI mandates that banks cannot fund 100% of the house. For properties under ₹30 Lakhs, banks fund 90%. For properties between ₹30 Lakhs and ₹75 Lakhs, they fund 80%. You must have the remaining 20% in liquid cash for the downpayment.