Loan calculator
What it costs, and what you can borrow
The instalment on the amount you want, and — separately — an indicative ceiling based on what you earn and what you already repay.
Your monthly EMI
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Check what you qualify forIndicative only, based on the assumptions below. Not an offer or a guarantee.
What this assumes
- Eligibility uses a FOIR of 50% — the share of monthly income a lender will let go to all EMIs combined. Real lenders range from roughly 40% to 65% depending on product, income band and profile.
- A fixed rate for the whole tenure. Floating-rate loans move with the repo rate, and over twenty years they will.
- No processing fee, insurance or prepayment charge is included.
- This is indicative only. It is not an offer, a sanction, or a commitment to lend by anyone.
The boring bit
Two things worth looking at
The first is the total interest. On a twenty-year home loan at 9%, you repay roughly ₹1.80 for every ₹1 borrowed. Shortening the tenure raises the EMI and cuts that dramatically — try 15 years against 20 and watch the total, not the monthly.
The second is that the lowest advertised rate is not always the cheapest loan. Processing fees, insurance bundled into the sanction, and prepayment terms all move the real cost, and none of them appear in the rate.
EMI = P × i × (1+i)^n ÷ [(1+i)^n − 1], where i = annual rate ÷ 12 and n = months
FAQ
Questions about this calculator
Is this the rate I will actually get?
No. Rates depend on your credit score, income, the lender and the product. This shows what a given rate costs, so you can compare offers once you have them.
What is FOIR?
Fixed Obligation to Income Ratio — the share of your monthly income a lender will allow to go to all EMIs together, including ones you already have. It is why an existing car loan reduces what you can borrow for a house.
Should I take the longest tenure available?
It lowers the EMI and raises the total interest considerably. A useful middle path is the longest tenure you can get and then prepaying when you have surplus — but check the prepayment terms first, because some loans penalise it.
Turn the number into a plan
A calculator gets you to a figure. Getting there needs a product, and that is the part we do.