Home Affordability Calculator India

Find how much home you can afford based on your income. Uses the FOIR (Fixed Obligation to Income Ratio) method used by Indian banks like SBI and HDFC.

Your financial details

City

Your monthly income: ₹1,00,000

Co-applicant income: ₹0

Existing EMIs: ₹0

Down payment: ₹20,00,000

Interest rate: 8.5% p.a.

Loan tenure: 20 years

Affordability estimate

Max property price

Bangalore

₹71,85,388

Max loan: ₹51,85,388 at 8.5% for 20 years

Monthly EMI

₹45,000

FOIR

45%

Stretched

Stamp duty

₹3,59,269

5% in Bangalore

Total upfront cost

₹24,31,123

Property prices in Bangalore

Price per sq. ft.₹6,000-12,000

Typical 2 BHK₹70L-1.2 Cr

Frequently asked questions

Banks typically allow your total EMI obligations (existing EMIs plus the new home loan EMI) to be at most 40-50% of your gross monthly income, known as FOIR. On a ₹1 lakh monthly salary with no existing EMIs, you can typically get a home loan EMI of around ₹40,000-45,000, which translates to a loan of roughly ₹45-55 lakh at 8.5% for 20 years.

FOIR stands for Fixed Obligation to Income Ratio. It is the share of your gross monthly income that goes towards fixed loan repayments. Most banks cap this at 40-50%. If your FOIR exceeds the cap, you will either not get the loan or need to increase your income, reduce existing EMIs, or opt for a longer tenure to lower the new EMI.

RBI guidelines mandate that banks lend a maximum of 80% of the property value for loans above ₹30 lakh. So you must arrange at least 20% of the property price as a down payment. Beyond the down payment, budget another 7-10% for stamp duty, registration, and other upfront costs, which vary by state.

The 28/36 rule is a Western guideline: spend no more than 28% of gross income on housing costs, and no more than 36% on total debt. In India, banks use FOIR instead, allowing up to 45-50% of income for all EMIs combined. The Indian market often has higher housing cost to income ratios, especially in metros.

Add a co-applicant (spouse or parent) to combine incomes. Pay off existing car or personal loans to reduce your FOIR. Opt for a longer tenure (20-30 years) to lower the EMI. Improve your CIBIL score above 750 by clearing credit card dues and paying existing EMIs on time. A better score often gets you a lower interest rate as well.

Related calculators

Maximum loan is subject to a 45% FOIR cap and 80% LTV (loan-to-value) limit per RBI guidelines. Actual loan eligibility depends on your credit score, employment type, and the bank's internal policies. City benchmark data is indicative for 2026.

Home Affordability Calculator India

Find how much home you can afford based on your income. Uses the FOIR (Fixed Obligation to Income Ratio) method used by Indian banks like SBI and HDFC.

Your financial details

City

Your monthly income: ₹1,00,000

Co-applicant income: ₹0

Existing EMIs: ₹0

Down payment: ₹20,00,000

Interest rate: 8.5% p.a.

Loan tenure: 20 years

Affordability estimate

Max property price

Bangalore

₹71,85,388

Max loan: ₹51,85,388 at 8.5% for 20 years

Monthly EMI

₹45,000

FOIR

45%

Stretched

Stamp duty

₹3,59,269

5% in Bangalore

Total upfront cost

₹24,31,123

Property prices in Bangalore

Price per sq. ft.₹6,000-12,000

Typical 2 BHK₹70L-1.2 Cr

Frequently asked questions

Related calculators

Home Affordability Calculator India

Frequently asked questions

How much home loan can I get on my salary?

What is FOIR and why does it matter?

How much down payment do I need to buy a house in India?

What is the 28/36 rule for home buying?

How can I improve my home loan eligibility?

Home Affordability Calculator India

Frequently asked questions

How much home loan can I get on my salary?

What is FOIR and why does it matter?

How much down payment do I need to buy a house in India?

What is the 28/36 rule for home buying?

How can I improve my home loan eligibility?