All Calculators

Loan Affordability Calculator

Start from the EMI you can pay — see how much loan it buys

₹
₹1,000₹10,00,000
% p.a.
5% p.a.30% p.a.
6360

"Banks typically cap total EMIs at 40–50% of monthly income — keep this EMI inside that band."

Total You Will Pay
₹9,00,000
Total Interest
₹2,25,674
Monthly EMI
₹15,000
Loan You Can Afford₹6,74,326
Share on WhatsApp
Principal
Interest
Total₹9,00,00025% returns

Month-by-month repayment schedule

MonthEMIPrincipal PaidInterest PaidBalance
1₹15,000₹8,257₹6,743₹6,66,069
2₹15,000₹8,339₹6,661₹6,57,730
3₹15,000₹8,423₹6,577₹6,49,307
4₹15,000₹8,507₹6,493₹6,40,800
5₹15,000₹8,592₹6,408₹6,32,208
6₹15,000₹8,678₹6,322₹6,23,530
7₹15,000₹8,765₹6,235₹6,14,765
8₹15,000₹8,852₹6,148₹6,05,913
9₹15,000₹8,941₹6,059₹5,96,972
10₹15,000₹9,030₹5,970₹5,87,942
11₹15,000₹9,121₹5,879₹5,78,821
12₹15,000₹9,212₹5,788₹5,69,609

Reducing balance: each EMI pays that month’s interest first; the rest reduces the principal, so the interest share falls every month.

What is Loan Affordability Calculator?

An affordability calculator answers the question the right way round: instead of "what does a ₹5 lakh loan cost", it starts from the EMI you can actually pay each month and works backwards to the largest loan that fits it. It uses the same reducing-balance formula banks use, solved for the principal instead of the instalment.

How to use VyajPay's Loan Affordability Calculator?

Enter the EMI you are comfortable paying every month, the interest rate you expect, and the tenure. The calculator shows the loan amount that EMI supports, the total you would pay over the tenure and how much of it is interest. Lower the tenure or the rate and watch the eligible amount move — that is the negotiation, made visible.

01

Adjust the sliders or type values to match your scenario.

02

Watch the donut chart update live — blue arc = your returns.

03

Read the result summary below the inputs for the final numbers.

Why use VyajPay's Loan Affordability Calculator?

  • Starts from your budget, which is how real borrowing decisions are made
  • Same reducing-balance formula banks use for eligibility, solved for the principal
  • Shows the total interest cost of stretching the tenure to afford more
  • Free, instant, no signup — works on any phone

Frequently Asked Questions

Lenders commonly cap total EMIs at 40–50% of take-home income. On a ₹50,000 take-home, that means all your EMIs together should stay under roughly ₹20,000–₹25,000 a month.

Yes — the same EMI supports a bigger loan over a longer tenure. But the total interest grows sharply with tenure, so borrow longer only when you need the amount, not to make the number look affordable.

It is the mathematical core of it. Banks additionally look at your income proof, credit score, existing EMIs and the property or asset — so treat this as the upper bound the arithmetic allows.

Related calculators

Home Loan EMICalculate your home loan EMI with reducing balance methodSimple Interest (Byaj)Calculate flat-rate interest on loans — daily, monthly, or yearlyCompound InterestInterest on interest — see how compounding grows your loan or investmentEMI CalculatorReducing balance EMI — used by banks for home, car & personal loansFlat Rate EMIFlat rate EMI calculation common in informal lending — see the true costSekda Byaj CalculatorRupees per hundred per month converted to a real annual rateMahajani Byaj CalculatorInterest-only lending — byaj every month, principal returned at the endInterest Rate CalculatorWork backwards from the amount repaid to the rate you were actually charged

Byaj ka hisab, the Indian way

Byaj calculatorByaj ka hisab appUdhar khata appInterest-only (mahajani) loansFlat vs reducing balance

Ready to track your actual loans?

Use these calculators to plan, then track your real loans, EMIs and borrowers in the VyajPay app for Android and iPhone.

Download VyajPay Free← All Calculators