Loan Affordability Calculator

Eligibility looks at it from the lender's side — the maximum they'll approve based on income and existing obligations. Affordability looks at it from your side — what EMI genuinely fits your monthly budget, which can be lower than what you're eligible for.

The monthly EMI amount you're comfortable paying, the interest rate, and the tenure — it then works backward to tell you the maximum loan principal that produces that EMI.

Eligibility calculations often stretch to the maximum a lender permits based on income ratios, while affordability accounts for your other expenses and comfort margin, which is a more conservative and personal figure.

Yes, for the same monthly EMI budget, a longer tenure lets you afford a larger principal since the repayment is spread over more months — though total interest paid also increases.

Treating the result as an upper ceiling rather than a target is generally safer, leaving room for other expenses and financial goals.