Buyer tool

Home Affordability
Gauge

Three purchase budgets — conservative, moderate, and stretch — based on your real income, savings, and existing debts.

Your finances
Monthly take-home income₹1,20,000
₹
Savings / down payment ready₹20,00,000
₹
Existing EMIs / month₹0
₹
Annual interest rate8.5%
Preferred loan tenure20 yrs
Conservative (30% DTI)
₹62,00,000
EMI: ₹36,000 · Loan: ₹42,00,000
Moderate (40% DTI)
₹82,00,000
EMI: ₹48,000 · Loan: ₹62,00,000
Stretch (50% DTI — max)
₹1,02,00,000
EMI: ₹60,000 · Loan: ₹82,00,000
DTI analysis
Your current DTI (moderate budget)0%
030% safe40% moderate50% max
Monthly income₹1,20,000
Existing EMIs₹0
New home loan EMI (moderate)₹48,000
Total EMI burden₹48,000
Savings available₹20,00,000
Down payment needed (conservative)₹20,00,000
Down payment needed (moderate)₹20,00,000
Recommended budget₹82,00,000
Frequently asked questions
What is DTI ratio and why does it matter for home loans in India? +
DTI (Debt-to-Income ratio) is the percentage of your monthly take-home income that goes toward EMI payments. Indian banks typically lend up to 40%–50% DTI. If your income is ₹1,00,000/month and you already pay ₹10,000 in EMIs, your maximum new home loan EMI would be ₹30,000–₹40,000. Keeping DTI at 30%–35% is considered conservative and sustainable. Going above 50% significantly increases financial stress and default risk.
How much home loan can I get on a salary of ₹1 lakh per month in India? +
On a take-home salary of ₹1 lakh/month with no existing loans, most Indian banks will approve a home loan of ₹45–65 lakhs (depending on the lender and property). At 8.5% for 20 years, this translates to an EMI of ₹39,000–₹56,000. At 40% DTI, your maximum EMI eligibility is ₹40,000, supporting a loan of approximately ₹41–42 lakhs at current rates. Adding co-borrowers (spouse with income) significantly increases eligibility.
What is the ideal down payment percentage when buying a home in India? +
RBI regulations require a minimum down payment of 10% of property value (for loans up to ₹30L), 20% (for ₹30L–₹75L), and 25% (for above ₹75L). However, a down payment of 20%–30% is generally recommended to keep EMIs manageable and avoid paying too much interest. Higher down payments also reduce the principal and total interest burden substantially over 20 years. If paying 30% down reduces your EMI by ₹8,000/month, that's ₹96,000 saved annually — much better than keeping the money in a savings account.