Affordability Calculator: How Much Can I Spend on EMI?
Free tool · Updated October 2, 2026 · By CouponTalk
Your result
Enter your measurements to see your result.
Quick answer
Most Indian lenders keep all your EMIs under 40–50% of take-home pay. On ₹60,000 a month with an ₹8,000 EMI already running, a 40% limit leaves ₹16,000 for a new EMI. At 14% for 12 months, that covers a purchase of about ₹1.78 lakh, with ₹13,800 going on interest. Spend less if your rent and bills leave little room.
How to use this calculator
- Enter the salary that reaches your bank each month, after tax and PF.
- Add every EMI you already pay and your fixed monthly costs.
- Pick the interest rate and tenure the shop or bank offers you.
Formula
Safe EMI = the lower of (income × EMI limit − current EMIs) and (income − fixed costs − current EMIs)
Maximum price = EMI × (1 − (1 + r)^−n) ÷ r, where r = yearly rate ÷ 12 ÷ 100 and n = months
Example: ₹16,000 EMI at 14% for 12 months ≈ ₹1,78,200
This is a planning guide, not a loan offer. Lenders also check your credit score and existing debts.
Frequently asked questions
What is a safe EMI for my salary?
Is no-cost EMI included?
Should I buy on EMI or save first?
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