Plan your investment with precision
Understanding your home loan eligibility and affordability is crucial before you start your property search. Our calculator uses industry-standard financial logic to give you a realistic estimate.
Banks usually consider that a person can safely allocate up to 40% of their gross monthly income towards EMIs. This is known as Fixed Obligation to Income Ratio.
Any current loans (car, personal, or education) reduce your eligibility. We subtract your existing EMIs from your 40% capacity to find your available budget.
Your down payment savings directly increase your property budget. Generally, banks fund 80% of the property value, while you provide the remaining 20%.
Our calculation assumes a standard interest rate of 8.5% and a tenure of 20 years to provide a balanced affordability estimate for the current market.
Our experts help you with tax benefits, home loans, and registration costs.
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Our calculator uses standard bank formulas to provide a highly accurate estimate. Actual EMIs may vary based on specific bank schemes.
Key factors include your gross monthly income, existing EMIs, age, credit score, and down payment capacity.
No. Rental yield is the annual rent as a percentage of property price, while ROI includes both rental yield and capital appreciation.