Loan = EMI × [1 − (1 + r)⁻ⁿ] ÷ r. Banks also check credit score, age and existing EMIs.
| Tenure | Loan amount | Total interest |
|---|---|---|
| 5 years | ₹7.14 lakh | ₹1.86 lakh |
| 10 years | ₹11.59 lakh | ₹6.41 lakh |
| 15 years | ₹14.36 lakh | ₹12.64 lakh |
| 20 years | ₹16.09 lakh | ₹19.91 lakh |
| 25 years | ₹17.17 lakh | ₹27.83 lakh |
| 30 years | ₹17.84 lakh | ₹36.16 lakh |
![Loan Amount formula: P = EMI × [1 − (1 + r)⁻ⁿ] ÷ r; Total payment = EMI × n](https://powercalculators.com/assets/img/calculators/loan-amount-1200x630.jpg?v=146a08393a "Loan Amount Calculator from EMI — formula explained")
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Instead of starting from the loan amount, this calculator starts from what you can pay each month. Give it an EMI you are comfortable with, an interest rate and a tenure, and it works backwards to the largest loan that EMI can repay.
It is a quick way to set a realistic budget before you shop for a home or car, and to see how a lower rate or longer tenure raises the loan you can service.
| Affordable EMI | ₹30,000 |
| Annual Interest Rate | 8.5% |
| Loan Term | 20 yrs |
| Loan you can get | ₹34.57 lakh (₹34,56,925) |
| Total Interest | ₹37,43,075 |
| Total Payment | ₹72,00,000 |
| Salary banks usually expect (EMI ≤ 50% of take-home) | at least ₹60,000 a month |
Loan ₹34.57 lakh (₹34,56,925).
Try this example →| Affordable EMI | ₹15,000 |
| Annual Interest Rate | 9.5% |
| Loan Term | 5 yrs |
| Loan you can get | ₹7.14 lakh (₹7,14,222) |
| Total Interest | ₹1,85,778 |
| Total Payment | ₹9,00,000 |
| Salary banks usually expect (EMI ≤ 50% of take-home) | at least ₹30,000 a month |
Loan ₹7.14 lakh (₹7,14,222).
Try this example →No. It shows what your chosen EMI can repay mathematically. Lenders also look at your income, existing EMIs, credit score and the value of the property or vehicle.
A longer tenure lets the same EMI support a larger loan, but you pay far more interest in total.
A common guide is to keep all your EMIs together below 40% of your monthly take-home income.
About ₹28.8 lakh for 20 years at 8.5%, or ₹31 lakh for 25 years.