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Wondering whether you will get a Home Loan big enough to buy your dream house or flat?

Worried about managing the Loan repayments if you do?

Whether you are a Salaried, Self Employed Businessman, NRI or Self Employed Professional working in India, Our Home Loan EMI Calculator is here to help.

Within just a few seconds, you can calculate how much you will be allowed to borrow based on your monthly income, and how much your loan EMI will be, based on the Loan amount borrowed, the interest rate and the Loan tenure.

All you need to do is choose whether you want to know how much a particular Loan will cost you or how much you (and your partner, if you have one) can borrow, and then enter the required figures.

Top tip: Remember that the EMI calculator results can only offer an indication, as Banks have different ways of assessing how much you can borrow and calculating repayments.

Calculating Loan EMI?

Most of property buyers prefer to take bank financing to  buy a property, so buying a property with bank loan is the most popular way to get on to – and move up – the housing ladder.

However, taking out a Home Loan is only a good idea if you can afford the repayments.

And that’s where our Loan EMI Calculator comes in.

It can give you a good idea of how much a particular home loan deal will cost you.  You can try out different scenarios and compare deals based different interest rates on how much they will cost you per month.

To use the EMI calculator, simply enter the Loan amount you want to apply,  the number of years you out over and the interest rate charged by the bank of your choice. You can also refer current rates offers.

How much can I borrow?

You need to have a tentative idea of how much you can borrow before you even start looking for a new home.

The HomeLoanDSA’s affordability calculator is therefore an invaluable tool for every buyers to families looking for their dream house.

To calculate how much you can borrow, you just need to know your current income – and you can also club the income of your family  if you’re planning a joint purchase.

The calculator will then tell you how much you are likely to be able to borrow – within a certain range.

If you earn Rs 40,000 and your partner earns Rs 30,000, your monthly income will be 70000/- for loan affordibility calculation. Our comparison tool will provide you bank wise loan eligibility calculation and how much you can borrow for 10 to 30 years.

Whether you can choose to borrow as per your requirement to buy your property will also depend on a number of factors, including the lender you apply to and whether you have other loan, such as a car loan, personal loans and credit cards outstanding.

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