Home Loan Amount Calculator

The Home Loan Amount Calculator helps you determine how much you can borrow for a home loan based on different criteria. Whether you want to calculate your eligibility based on your salary, determine monthly payments for a specific loan amount, find the maximum loan amount for your target monthly payment, or analyze the total cost of your loan including prepayments and extra payments, this calculator provides comprehensive insights.

Salary-Based Calculation: This mode calculates your maximum eligible loan amount based on your monthly salary, existing EMI obligations, and other monthly financial commitments. Most banks typically allow up to 50% of your monthly income for EMI payments. The calculator considers bank-specific eligibility criteria for SBI, HDFC, ICICI, Axis Bank, PNB, BOB, and IDFC First Bank.

Rate-Based Calculation: Enter a specific loan amount along with interest rate and loan tenure to calculate your monthly EMI, total interest, and total payment. This helps you understand the financial commitment for a particular loan amount.

Payment-Based Calculation: If you have a target monthly payment amount in mind, this mode calculates the maximum loan amount you can afford. Simply enter your desired monthly EMI, interest rate, and loan tenure to find out how much you can borrow.

Cost Analysis: This comprehensive mode analyzes the total cost of your home loan including principal, interest, property tax, home insurance, and processing fees. You can also simulate prepayments and extra payments to see how they affect your total interest and loan tenure. The calculator shows you exactly how much interest you can save and how many months you can reduce from your loan term.

The calculator supports various Indian banks including SBI (State Bank of India), HDFC Bank, ICICI Bank, Axis Bank, PNB (Punjab National Bank), BOB (Bank of Baroda), and IDFC First Bank. Each bank may have slightly different eligibility criteria and interest rates, so selecting your bank helps provide more accurate calculations.

Use the payment schedule feature to view month-by-month breakdown of your loan payments, including principal, interest, prepayments, and extra payments. You can export the schedule to CSV for further analysis or record-keeping.