How much loan can I afford?
Estimate how much EMI fits your budget after rent, expenses and savings, and the home or personal loan it supports.
- Free, no sign-up
- Inputs stay on your device
- Formulas published
Your income and expenses stay on this device. They are never sent or stored.
Illustrative — lenders vary.
Safe EMI
₹30,000
An EMI of up to ₹30,000 fits your budget, which supports a loan of about ₹13,79,791 at this rate and tenure.
- Indicative loan amount
- ₹13,79,791
- Limited by
- Your expenses & savings
- EMI room under FOIR
- ₹40,000
- EMI room after expenses
- ₹30,000
This is an educational estimate, not a lender eligibility decision.
Assumptions behind this estimate
- This is an educational estimate, not a lender eligibility decision.
- The 50% FOIR limit is illustrative. Lenders set their own limits based on income, employer, credit history and loan type.
- Safe EMI is the lower of the FOIR limit and what is left after your expenses and savings buffer.
- Maximum loan assumes a fixed rate for the whole tenure and excludes fees.
Safe EMI
₹30,000
Just want your FOIR?
Lenders look at FOIR, your EMIs as a share of your income. The FOIR calculator works it out on its own, shows your FOIR with a new loan and the largest EMI that fits a limit you choose. This calculator goes a step further and also subtracts rent, essential expenses and the savings you want to keep.
How this works
How we estimate a safe EMI from your take-home pay, commitments and expenses using an illustrative FOIR limit, and the loan amount that EMI supports. Read the full methodology, formulas and sources.
Your inputs are processed only in your browser. We don't store or send them anywhere.
Frequently asked questions
How much EMI can I afford on my salary?
Two limits matter: the FOIR limit a lender may apply, and what is left after your rent, essential expenses and the savings you want to keep. The safe EMI is the lower of the two. Enter your numbers above to see both and which one is holding you back.
What is FOIR?
FOIR (fixed obligations to income ratio) is the share of your monthly income that goes to EMIs and other fixed obligations. Lenders use it as one input when deciding how much to lend. The 50% default here is illustrative; lenders set their own limits. The FOIR calculator works out your FOIR on its own.
How is this different from the FOIR calculator?
The FOIR calculator looks only at your EMIs and income, the ratio lenders check. This calculator also subtracts rent, essential expenses and the savings you want to keep, so it shows what fits your budget, which can be less than a FOIR limit allows.
Is this my loan eligibility?
No. This is an educational estimate of what fits your budget. Lenders also look at your credit history, employer, job stability and other factors.
Is my salary information stored?
No. Everything is calculated in your browser. Nothing you type is sent to us or anyone else.
Related tools
- FOIR CalculatorSee how much of your income already goes to EMIs, what a new loan would do to it, and how much more EMI fits a FOIR limit you choose.
- EMI CalculatorWork out your monthly EMI, total interest and full month-by-month amortization schedule for any loan.
- Actual Interest Rate & APR CheckerThe rate on your offer isn't what you really pay. Add the processing fee, GST and other charges to see the actual interest rate (APR) and the total cost.
Last reviewed · By ClearRupee Editorial Team