Loan Affordability Calculator
Estimate the loan amount you can comfortably afford.
Your Estimated Affordability
Debt-to-Income (DTI) Ratio:
Maximum Affordable EMI:
Estimated Loan Amount:
Monthly Surplus/Shortfall:
How This Was Calculated
1. Debt-to-Income (DTI) Ratio
(Total Monthly Debt / Gross Income) × 100
( / ) × 100 =
2. Maximum Affordable EMI
(Gross Income × DTI Threshold) – Existing EMIs
( × ) – =
3. Estimated Loan Amount
Using standard present value formula for EMI.
P = × ((1 + )^ – 1) / ( × (1 + )^) =
4. Monthly Surplus/Shortfall
Gross Income – Expenses – All EMIs
– – – =