EMI Affordability Calculator
Check the maximum EMI you can afford based on your salary using the safe 50% FOIR rule.
Details
Result
Max Affordable EMI
₹50,000
Max Loan Amount
₹57,61,542
Salary × FOIR
₹50,000
Total EMI as % of Salary
50.0%
How much EMI can I afford?
Banks use the FOIR (Fixed Obligation to Income Ratio) — all your existing EMIs plus the new one cannot exceed 50-55% of your monthly income. Prudent personal finance suggests keeping total EMIs under 40% of take-home so you still have room to save and invest.
This calculator starts from your salary, subtracts existing EMIs, and shows the maximum new EMI and loan amount you can safely take.
Frequently Asked Questions
Everything you need to know, in one place.
What is FOIR?
Fixed Obligation to Income Ratio — banks allow up to 50% of your monthly income toward all EMIs combined.
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