Home Loan Eligibility Calculator

Determine your maximum home loan eligibility and affordable EMI based on your income and existing expenses.

Inputs

Net Monthly Income (₹)

10,0001,00,00,000

Existing EMIs/Expenses (₹)

010,00,000

Interest Rate (% p.a.)

125

Tenure (Years)

130

Calculation Results

Maximum Eligible EMI

₹27,500

Eligible Loan Amount

₹31,68,848

Back to Calculators Hub

Formula & Mathematical Explanation

\displaystyle L = \frac{EMI_{avail} \times \left[(1 + i)^n - 1\right]}{i \times (1 + i)^n}

Eligible EMI is calculated as 50% of monthly income minus current obligations. The maximum loan amount (L) is the present value of these EMIs over the tenure.