Free tool
How much house can I afford?
Start from your pay and your savings, not from a brochure. See the highest home price that keeps your EMI comfortable and your emergency fund safe.
Your savings set the limit: banks lend only part of the price and none of the stamp duty. A planning figure, not a loan offer.
Two limits, the lower one wins
Your income decides the EMI you can carry, and the EMI decides the loan. Your savings must pay the part of the price the bank will not lend, plus stamp duty and registration, which banks do not fund. Whichever runs out first sets your budget, and the calculator tells you which one it was.
An illustrative example
Take-home pay of ₹1.2 lakh a month, no other EMIs, 40% for the home loan, 8.5% for 20 years, ₹20 lakh saved with ₹3 lakh kept aside (all example figures). The EMI room is ₹48,000, which supports a loan of about ₹55 lakh. But ₹17 lakh of usable savings, after about 6.6% for Karnataka stamp duty and registration, limits the price before the income does. Saving more, rather than earning more, would raise this buyer’s budget.
Make the number safer
- Keep six months of expenses aside, even after you buy.
- Plan for interest rates rising by 1% at some point in the loan.
- Get a loan sanction before you book, so the number is the bank’s, not ours.
Next, check your loan eligibility with a lender’s eye, and the stamp duty on your chosen home. These are planning figures, not a loan offer.
Other tools that help
- TDS on Property Purchase CalculatorThe 1% you hold back from the seller and pay to the tax department, worked out.
- GST on Under-Construction Flat CalculatorWhether 1% or 5% applies to your flat, with the CGST and SGST split.
- Home Loan Prepayment CalculatorHow much interest and how many months a lump-sum prepayment saves.
- Home Loan Amortisation ScheduleEvery EMI, month by month: interest, principal and balance left.
- Rent vs Buy CalculatorKeep renting and invest, or buy now? Compare both paths in rupees.
- Home Loan EMI CalculatorYour monthly instalment and the total interest, year by year.
- Loan eligibilityA rough idea of what a bank may lend from your pay.
- Stamp duty, KarnatakaDuty, cess, surcharge and registration fee in one place.
- First-home guideEvery step of buying your first flat in Bengaluru.
- The Shalott Marque2 and 3 BHK homes at S Medihalli, Sarjapur–Attibele Road. Price on request.
FAQ
Questions people ask
How is the price worked out?
Two limits are checked. First, your income: the EMI you are comfortable with decides the largest loan. Second, your savings: banks lend only part of the price and none of the stamp duty, so your cash must cover the rest. The price shown is the highest one that passes both.
What are the RBI loan-to-value limits?
For individual housing loans, RBI allows banks to lend up to 90% of the property value for loans up to ₹30 lakh, 80% for loans above ₹30 lakh up to ₹75 lakh, and 75% above ₹75 lakh. The calculator applies these bands to the price, the cautious reading.
Why 40% of take-home pay for EMIs?
It is a comfortable starting point, not a rule. Lenders may allow 50% or more, but a lower share leaves room for school fees, parents’ care and surprises. Move the slider to see the trade-off.
Should I count my spouse’s income?
If they will be a co-applicant on the loan, yes: add their take-home pay and their EMIs. A joint loan usually raises the amount you can borrow, and both of you will be responsible for repaying it.
What costs does this leave out?
Interiors, furniture, moving, and the first year’s maintenance. Keep a separate cushion for them. The down payment calculator lets you add these one-off costs.
Is The Shalott Marque within my budget?
Prices at The Shalott Marque are shared on request. Note the figure this calculator gives you, then ask the Reeva team for the price of the home you like and we will compare the two with you.
Want to run these numbers on a real home?
Ask the Reeva team for the price of a home at The Shalott Marque, then put it into the calculator. We will walk you through the costs, the paperwork and the loan, plainly.