Repo rate from the macro board
RBI repo rate 5.50% as of 2026-10-07 — the benchmark floating home-loan rates are priced over.
Lenders cap all your EMIs at a share of take-home income (the FOIR, usually 40–55%). What is left after existing EMIs sets the EMI you can carry; the rate and tenure turn that into the loan amount.
Monthly take-home income₹1.50 L
₹
Monthly take-home of a co-applicant (optional)
₹
Existing EMIs and card dues a month₹10,000
₹
Instalment-to-income ceiling (FOIR)50%
%
The lender's rule; 40–55% is typicalInterest rate8.5%
%
Tenure20 years (240 mo)
yrs
Loan-to-value cap (optional, for a property)80%
%
Lenders fund up to this share of the property's valueProperty value (optional)
₹
RESULTS
Loan you can carry₹74.90 Lat an EMI of ₹65,000
Maximum EMI₹65,00050% of ₹$1,50,000 less ₹$10,000 existing
By income alone₹74.90 L
Down payment needed—
Reference: RBI repo rate 5.50% (RBI MPC (desk print), 2026-10-07); home-loan rates are quoted as a spread over the lender's repo-linked benchmark.
Lenders also look at age (tenure usually ends by 60–70), credit score and the property; this is the arithmetic of the income rule only.
Loan at the same EMI, by tenure
How longer tenures support larger loan amounts at an EMI of ₹65,000| Tenure | Loan amount |
|---|---|
| 10 | ₹52,42,541 |
| 15 | ₹66,00,730 |
| 20 | ₹74,90,005 |
| 25 | ₹80,72,257 |
| 30 | ₹84,53,487 |
Assumptions & formula
EMI room = income × FOIR − existing EMIs · Loan = EMI room × (1 − (1 + i)⁻ⁿ) ÷ i, i = rate ÷ 12, n = months · min(loan, property value × LTV)- Take-home income after tax; lenders may use gross income with a lower FOIR instead.
- A constant rate for the tenure.
Calculators are for information and planning. Outputs depend on the inputs and assumptions you enter and are not a recommendation to buy, sell or hold any security or product. Streetgains Technologies Private Limited is a SEBI Registered Research Analyst (INH000017082); it is not a loan provider, tax adviser or mutual fund distributor.