How it works
Computes your EMI from the loan amount, interest rate, and tenure. Shows three affordability ratios (EMI-to-income, total debt ratio, LTV) exactly as banks evaluate your application, plus a full upfront cash estimate including stamp duty and processing fee.
When to use this
Before approaching any bank. See what EMI-to-income ratio a lender will see, find the right downpayment, and check Section 24 and 80C tax savings. Once you know your EMI, use the Rent vs Buy calculator to decide if buying actually makes financial sense.
Frequently asked questions
What is LTV and why does it matter?
LTV (Loan-to-Value) is your loan as a percentage of property value. RBI caps it at 75–90% depending on loan size. A lower LTV means a larger downpayment but better interest rates.
What is the 40% debt-to-income rule?
Banks require total EMIs to stay below 40–50% of your net salary. Crossing this threshold may reduce the offered loan amount or require a co-applicant.
How much tax do I save on a home loan?
Up to ₹2L/yr on interest (Section 24b) and ₹1.5L/yr on principal (Section 80C). At the 30% bracket, this can save up to ₹1.05L per year.