Loan Eligibility Calculator (how much loan for my EMI?)
From the EMI you can afford each month, see how big a loan you can get. Useful for setting a house or car budget.
Quick answer
₹30,000 EMI, 9%, 20 years: loan of about ₹33,34,349.
How it is calculated
- Monthly rate r = yearly rate ÷ 1,200; instalments n = years × 12.
- Loan = EMI × (1 − (1+r)⁻ⁿ) ÷ r, the EMI formula turned around.
- At 0% interest, loan = EMI × instalments.
Worked example
You can pay ₹30,000 a month at 9% for 20 years. You can get a loan of about ₹33,34,349.
| EMI you can pay | ₹30,000 |
| Interest rate | 9 % / yr |
| Tenure | 20 years |
| Loan you can get | ₹33,34,349 |
Formula
r = R/1200 n = Y×12 Loan you can get = r==0 ? E×n : E×((1+r)^n-1)/(r×(1+r)^n)
Good to know
- Banks usually keep total EMIs within 40–50% of take-home pay.
- The real amount also depends on the bank, your CIBIL score and the property value.
Questions people ask
How much home loan on a ₹50,000 salary?
If the bank allows 50%, i.e. a ₹25,000 EMI, about ₹27.8 lakh at 9% for 20 years. Enter your EMI above.
Does a longer tenure give a bigger loan?
Yes, the same EMI over more years gives a bigger loan, but you pay more interest.
Is this bank approval?
No, it is an estimate. The bank decides the final amount.
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Updated 13 Nov 2026 · Desktop N Calculator v1.2.0