Affordability
What price suits your income, and the most a bank may lend.
What you earn and have saved
₹
₹90,000
₹
₹0
₹
₹8,000
₹
₹15 L
The loan you would take
Lenders stop the loan at 60
%
Around 8.5% today
Your budget breakdown
Home price₹36.7 L
Summary
- Monthly take-home (with co-applicant)
- ₹90,000
- Existing EMIs
- ₹8,000
- Comfortable EMI (30% of income)
- ₹19,000
- Comfortable loan
- ₹21,73,508
- Your down payment
- ₹15,00,000
- Comfortable home price
- ₹36,73,508
- Most a bank may lend
- ₹42,32,621
- Home price at the bank's limit
- ₹57,32,621
- Tenure
- 20 years (240 months)
Good to know
Your EMI is at a safe level
At this budget your EMI is 21% of your take-home pay. Up to 30% leaves room for savings and emergencies.
Your down payment is healthy
You can put down 41% of the price. Banks lend 75% to 90% of the price, so you meet their rule.
Keep money aside for other costs
Stamp duty and registration are about ₹2,75,513 on this price. Also plan for interiors, moving and the society deposit.
Closing a loan raises your budget
Paying off your ₹8,000 EMI first would let you borrow about ₹9,15,161 more.