MarketPathAcademy

Loan eligibility & affordability

How much you can borrow based on income and existing EMIs, and the home budget it allows.

What you enter

  • Monthly take-home income
  • Existing EMIs
  • Share of income for all EMIs (FOIR)
  • Interest rate
  • Tenure
  • Down payment you have

How this is calculated

  • Maximum EMI = income × FOIR − existing EMIs.
  • Loan = EMI × (1 − (1 + i)^−n) ÷ i, where i = rate ÷ 12 and n = months.

More in this category

⇄ Loan EMI & amortization⇟ Loan prepayment⛓ Debt payoff: snowball vs avalanche▭ Credit card payoff⟲ Loan refinancing (student or personal loan)

These calculators show illustrative outcomes only. Returns are not guaranteed. Tax rules and rates change; verify them before acting. Nothing here is financial, tax or legal advice.