See how much you may qualify to borrow today. Include co-income, expenses, and lender ratios. Compare requested amount and export a clean summary instantly.
| Scenario | Income (monthly) | Existing EMIs | Rate | Term | Max Ratio | Estimated Eligible |
|---|---|---|---|---|---|---|
| Base case | ₨ 275,000 | ₨ 30,000 | 24% | 5 years | 40% | ≈ ₨ 6,050,000 |
| Higher rate | ₨ 275,000 | ₨ 30,000 | 30% | 5 years | 40% | ≈ ₨ 5,500,000 |
| Longer term | ₨ 275,000 | ₨ 30,000 | 24% | 7 years | 40% | ≈ ₨ 7,600,000 |
Most underwriting starts with a payment ratio. If the policy allows 40% and your gross income is ₨275,000, the total debt-payment limit is ₨110,000. With ₨30,000 existing EMIs, your new EMI capacity is ₨80,000. FOIR is usually stricter because it uses usable net income after deductions, living costs, and an optional reserve buffer. For quick checks, many borrowers target 35% to 45% total obligations monthly.
The calculator converts EMI capacity to a loan amount using an annuity present value. At 24% per year, the monthly rate is about 2.0%; at 30% it is about 2.5%. Using ₨80,000 for 60 months, the PV is roughly ₨6.05M at 24%, but closer to ₨5.50M at 30%. Higher rates reduce PV because more of each payment goes to interest. Shorter terms reduce eligibility but can lower interest.
Increasing the term spreads repayment across more months, raising PV for the same EMI. Moving from 60 to 84 months can lift eligibility from about ₨6.05M to around ₨7.60M at a 24% rate. The trade-off is total repayment: ₨80,000 × 84 months equals ₨6.72M of payments, so longer terms may increase total interest even when the EMI fits the ratio.
If collateral is entered, LTV becomes a hard ceiling. With a ₨10.0M property and an 80% LTV rule, the cap is ₨8.0M. A ₨2.0M down payment implies a maximum loan of ₨8.0M, matching the LTV limit; a smaller down payment could still be capped at ₨8.0M. In real reviews, valuations and haircuts can tighten the cap further. Policies vary widely.
Risk adjustments are applied as multipliers: credit band, employment stability, and age. For example, “Good” credit (0.96) and self-employed (0.95) produce 0.912 before age. If the EMI-based amount is ₨6.05M, a 0.912 multiplier reduces it to about ₨5.52M. This keeps estimates conservative when documentation or income stability is uncertain.
DTI uses gross income to set the total debt payment limit. FOIR uses usable net income after deductions, expenses, and a reserve buffer, usually producing a more conservative result.
The EMI-based amount is only one cap. Risk multipliers, collateral LTV limits, and lender caps can reduce the final eligible amount because the calculator uses the minimum of all applicable caps.
Include only stable, recurring monthly income. If bonuses vary, convert to a conservative monthly average or place it under other income with caution to avoid overstating eligibility.
Reserve reduces usable net income used in FOIR. Higher reserves lower the allowed debt payment and reduce EMI capacity, which directly lowers the eligible loan amount.
No. It estimates eligibility using common underwriting logic. Lenders also review credit history, documentation, collateral valuation, policy exceptions, and internal scoring before final approval.
Focus on the lowest bar, because it becomes the final estimate. If requested amount exceeds that bar, adjust term, reduce obligations, increase down payment, or lower the requested amount.
Important Note: All the Calculators listed in this site are for educational purpose only and we do not guarentee the accuracy of results. Please do consult with other sources as well.