Affordability Calculator
Find out how much loan you can safely afford based on your income and existing debt. Uses the 40% DTI rule.
Over-leveraged
Your existing debt exceeds your safe borrowing capacity (40% of income). Consider reducing existing obligations before taking on new loans.
Min Safe Loan
₹1,41,196
Max Safe Loan
₹14,11,961
Available Debt Capacity
₹30,000
Debt Capacity Breakdown
Recommendation
Based on 40% safe DTI threshold, you can afford a monthly EMI of ₹30,000. This translates to a safe loan range of ₹1,41,196 to ₹14,11,961 at 10% interest for 60 months.
Frequently Asked Questions
What is the 40% DTI rule? ▼
The 40% DTI (Debt-to-Income) rule means your total monthly EMI payments should not exceed 40% of your net monthly income. Most Indian lenders use this as the maximum threshold for loan approval.
What is the difference between affordability and eligibility? ▼
Loan eligibility is the maximum amount a lender will approve. Loan affordability is how much you can comfortably repay without financial stress. Affordability is often lower than eligibility — borrow what you can afford, not the maximum you qualify for.
How can I improve my loan affordability? ▼
Increase your income, reduce existing debt obligations, improve your credit score, or choose a longer tenure to lower the monthly EMI. Paying off existing loans before taking a new one significantly improves your affordability.