Calculators
Personal Loan Affordability Calculator
Start from the EMI you can comfortably pay and see how much you can borrow at your rate and tenure.
Updated 27 September 2026 · 8 lenders trackedFree calculator
Instant results
Reducing-balance maths, Indian formatsAbout this calculator
Instead of asking how much the bank will lend, ask what EMI your budget can carry after rent, household costs, savings and insurance. A personal loan funds 100% of the need, so set savings to zero and read the “loan you can service”.
Personal Loan Affordability Calculator
Formula: Affordable loan = EMI × (1 − (1 + r)^−n) ÷ r.
Rule of thumb
- Keep all EMIs within about 40% of take-home pay if you can, even if lenders allow 50% – 55%.
- Keep 3 – 6 months of expenses as an emergency fund before borrowing for wants.
- Add the processing fee and GST to your cost; check the APR in the KFS.
What ₹10,000 – ₹25,000 a month buys
| Monthly EMI | Loan at 11%, 5 years | Loan at 11%, 3 years |
|---|---|---|
| ₹10,000 | ₹4.60 lakh | ₹3.05 lakh |
| ₹15,000 | ₹6.90 lakh | ₹4.58 lakh |
| ₹20,000 | ₹9.20 lakh | ₹6.11 lakh |
| ₹25,000 | ₹11.50 lakh | ₹7.64 lakh |
Frequently asked questions
Is borrowing up to the bank’s limit a good idea?
Rarely. The bank’s limit is the maximum risk it accepts, not what your budget can comfortably carry.
For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.