Loan Affordability Calculator
Determine how much you can afford to borrow based on your income, expenses, and financial capacity. Make smart borrowing decisions with accurate affordability analysis.
Income & Expense Details
₹
₹20K
₹5L
₹
₹10K
₹3L
₹
₹0
₹1L
years
1 year
15 years
%
6%
20%
Maximum Affordable Loan
₹12,50,000
with EMI of ₹25,000/month
Available EMI Capacity
₹25,000
Surplus Income
₹40,000
EMI-to-Income Ratio
53.3%
Financial Analysis
Monthly Income
₹75,000
Monthly Expenses
-₹35,000
Existing EMIs
-₹15,000
Available for EMI
₹25,000
Loan Tenure
5 years (60 months)
Interest Rate
9.5% p.a.
Maximum Loan Amount
₹12,50,000
Loan Options Comparison
| Tenure | EMI | Loan Amount | Total Interest |
|---|
💡 Affordability Tips
50/30/20 Rule
Allocate 50% for needs, 30% for wants, and 20% for savings and debt repayment.
Emergency Fund
Maintain 6-12 months of expenses as emergency fund before taking large loans.
Debt-to-Income
Keep total EMIs below 50% of income for healthy financial management.