Home Loan Calculators
  • Loan Eligibility Calculator
  • EMI Calculator
  • Amortization
How much loan you are eligible for?
Home Loan Required () :
Net income per month () :
Excluding LTA and Medical allowances
Existing loan commitments () :
Per Month
Loan Tenure :
In Month
Rate of Interest :
Per Month %
How is eligibility calculated?
Based on your declared income and expenditure, different banks have certain internal parameters to consider different percentages that you can set aside for paying EMIs. This percentage depends on parameters like your education, occupation and job stability and number of dependents. The EMI on you Loan is then calculated based on inputs, for example:-
• Interest rate being charged by the bank
• Time period for which you want the loan
• Loan amount required by you
The calculator then lets you know how much Loan you would be eligible for. Generally Medical allowance and LTA are not considered as part of income, as banks consider them as reimbursements. Banks may also consider the borrower's credit history as well as CIBIL score before sanctioning the loan.
The higher your ability to pay back the loan, higher would be the amount that you would be eligible for. Similarly, the longer the tenure, higher will be the Loan amount and the interest rates may be slightly lower.
Also, to increase the Loan Amount, you can jointly apply for a Loan along with your spouse or any other earning member of the family to increase your loan eligibility. This will, however, increase the paper work, as each applicant will be required to submit the relevant documents for the Loan.
The above list / points are only indicative and are not exhaustive. Please do take advice from expert / bank in your local area.
How much do I need to pay as EMI?
Here we are to help you calculate the amount you need to pay each month for an amount taken as loan
Loan Amount () :
Interest Rates (%) :
Term (Years) :
Monthly Payment / EMI :  
How is EMI calculated and EMI Amount arrived at?
EMI are used to pay off both interest & principal each month. It is calculated on the following parameters:
• Amount of loan
• The tenure/time period for which the loan is taken
• Rate of interest charged by the bank
EMI amount can be reduced by increasing the tenure/time period of the loan, but this comes at a cost of more interest outgo to the bank and your liability is for a longer duration.
EMI amount can be reduced by increasing the tenure/time period of the loan, but this comes at a cost of more interest outgo to the bank and your liability is for a longer duration.
Find the break up of principal and interest
Loan Amount () :
Interest Rates (%) :
Loan Tenure (Months) :
#EMIPrincipal AmtInterest AmtOutstanding Principal