How much loan can I afford?
Estimate a safe EMI from your take-home pay and expenses, and the loan it supports.
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- Formulas published
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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
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
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.
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
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- Credit Card & No-Cost EMI CalculatorSee what a card EMI — even a “no-cost” one — really costs after GST and fees.
Last reviewed · Reviewed by ClearRupee Editorial Team