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Open Calculator โOverview
Banks calculate your maximum loan eligibility based on income, existing debts, and the 50-40 rule. Understanding this helps you target the right property price.
The Formula
Max EMI = Monthly Income ร 40-50% | Max Loan = Max EMI ร factor (based on rate and tenure)
Standard formula used by professionals worldwide
Worked Example
Step-by-step
Income 100,000/month โ max EMI = 40,000 | At 10% for 20 years โ max loan = 4,136,000
Key Points
- Accuracy: Results are as accurate as the inputs you provide
- Units: Always use consistent units throughout your calculation
- Privacy: All calculations on CalcHub Pro run in your browser โ nothing is sent to any server
Frequently Asked Questions
What is debt-to-income ratio?
Total monthly debt payments รท gross monthly income. Banks prefer below 40%.
Does credit score affect eligibility?
Yes โ higher score qualifies you for larger loans at lower rates.
Can I use a co-applicant?
Yes โ combined income increases eligibility. Both applicants credit scores are assessed.
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