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Loan Affordability Calculator
Result
Chart
Show formula & working
Loan = EMI × (1 − (1 + r)−n) ÷ r (Excel PV)
r = annual rate ÷ 12 ÷ 100, n = number of months.Details
How this works
Many people plan from the loan they want; it is often wiser to plan from the EMI you can keep paying through ups and downs. This calculator turns that EMI into a loan amount.
A lender may still offer less, based on your income, existing EMIs, credit score and the property.
Frequently asked questions
How much EMI is safe?
Lenders often cap all EMIs at 40% to 60% of net income. Many households are more comfortable well below that, leaving room for savings and emergencies.
Why does a longer tenure raise the loan so much?
Each extra year adds twelve more EMIs, so the same EMI repays a larger amount — at the cost of more total interest.
Talk to Rytvae
Compare lenders, structure the loan and plan prepayments with someone who reads sanction letters for a living.