How Much Home Can You Afford?

Enter your monthly salary, existing loans, and down payment savings. We'll calculate the maximum property value you can afford using the standard bank eligibility formula.

₹80,000
₹15K₹5L
₹0
₹0₹1L
₹10.0 L
₹0₹2Cr
8.5%
5%15%

You Can Afford

₹51.5 L

property value

Max Loan

₹41.5 L

LTV 81%

Monthly EMI

₹36,000

45% of income

Property: ₹51.5 L
Stamp duty (est. 6%): ₹3.1 L
Total cost: ₹54.6 L

Now Find Properties in Your Budget

You can afford up to ₹51.5 L. Use Kubera to find properties in any of 453 Indian cities and see if they're within your range.

Get a Property Valuation

How Bank Loan Eligibility Works

Banks use a metric called FOIR (Fixed Obligation to Income Ratio) to determine how much you can borrow. Here's how it works:

STEP 1

Calculate Available EMI

45% of your net monthly income, minus any existing EMIs (car loan, personal loan, etc.)

STEP 2

Reverse the EMI Formula

Using your available EMI, interest rate, and tenure, the bank calculates the maximum loan principal.

STEP 3

Add Your Down Payment

Max property value = max loan + your down payment. Add 6-8% for stamp duty and registration.

Quick Reference: Salary to Property Budget

Monthly SalaryMax EMI (45%)Max Loan (20yr, 8.5%)With ₹10L Down
₹30K₹13.5K₹15.9L₹25.9L
₹50K₹22.5K₹26.5L₹36.5L
₹80K₹36.0K₹42.4L₹52.4L
₹100K₹45.0K₹53.0L₹63.0L
₹150K₹67.5K₹79.5L₹89.5L
₹200K₹90.0K₹106.0L₹116.0L

Assumes no existing EMI obligations, 8.5% interest rate, 20-year tenure. Actual eligibility depends on your credit score, bank, and existing obligations.

Frequently Asked Questions

How much home loan can I get on my salary?
Banks allow total EMI obligations of 40-50% of net monthly income. On ₹80,000/month with no existing EMIs, at 8.5% for 20 years, you could get ~₹42L. Use the calculator above for your exact numbers.
What is the 40% EMI rule?
The FOIR (Fixed Obligation to Income Ratio) rule means banks prefer your total monthly EMIs to not exceed 40-50% of net income. This includes all loans — car, personal, credit card, and the proposed home loan.
How much down payment do I need?
Banks finance 75-90% of property value. For properties above ₹75L, most banks cap LTV at 75% (25% down payment). Below ₹75L, you may need only 10-20% down. Budget an additional 6-8% for stamp duty and registration.
Does credit score affect loan eligibility?
Yes. A CIBIL score of 750+ gets the best rates and highest loan amounts. Below 650, most banks will either reject the application or charge 1-2% higher interest. Check your score on the CIBIL website before applying.
EMI CalculatorProperty Valuation Tool

Disclaimer: This affordability calculator provides estimates for general reference only. Actual loan eligibility depends on your credit score, employment type, bank policies, and property valuation. Stamp duty estimates use an average 6% rate — actual rates vary by state and buyer category. Always consult your bank for exact eligibility before committing to a purchase.