Skip to content
Finance Calculators

EMI Affordability Calculator

Verified formula Updated Jun 2026 Private — runs on your device

Enter details
₹
%
₹
Verified formula Private

Affordable new EMI

₹40,000

Total EMI capacity
₹50,000

For general information only — not financial, tax, legal or medical advice. Verify before you rely on it.

How to use the EMI Affordability Calculator

The EMI Affordability Calculator works out your affordable new emi, along with 1 related figure in an instant. Enter net monthly income, max % of income for emis (foir) and existing emis and the result updates as you type — it is free, needs no sign-up, and runs entirely in your browser so your figures stay private.

  1. Enter the net monthly income.
  2. Enter the max % of income for emis (foir).
  3. Enter the existing emis.
  4. Read off your affordable new emi, together with total emi capacity — the calculator updates automatically, with no button to press.

Formula

The EMI Affordability Calculator uses the formula:

Affordable new EMI = Net monthly income × Max % of income for EMIs (FOIR) ÷ 100 - Existing EMIs

Worked example

For example, with net monthly income of ₹100,000, max % of income for emis (foir) of 5% and existing emis of ₹10,000, the affordable new emi is ₹40,000.

Inputs used
Net monthly income ₹100,000
Max % of income for EMIs (FOIR) 5%
Existing EMIs ₹10,000
Results
Affordable new EMI ₹40,000
Total EMI capacity ₹50,000

Results are estimates for educational use, not professional advice.

Key terms explained

EMI
Equated Monthly Instalment — the fixed monthly payment on a loan covering both interest and principal.

Frequently asked questions

A common rule keeps all EMIs within about half of your net income (FOIR). On 1,00,000 income with a 50% limit and 10,000 of existing EMIs, you can take on about 40,000 more.

FOIR, the fixed-obligation-to-income ratio, is the share of your income that goes to fixed payments. Lenders use it to judge how much extra EMI you can handle.

Not necessarily. Leaving a buffer protects you against rate rises, emergencies and other goals. Borrow comfortably, not just within the limit.

It gives the affordable EMI. To turn that into a loan amount, use an EMI calculator with the affordable EMI, the interest rate and the tenure.

The EMI Affordability Calculator uses the formula: Affordable new EMI = Net monthly income × Max % of income for EMIs (FOIR) ÷ 100 - Existing EMIs. For example, with net monthly income of ₹100,000, max % of income for emis (foir) of 5% and existing emis of ₹10,000, the affordable new emi is ₹40,000.

Enter the net monthly income. Enter the max % of income for emis (foir). Enter the existing emis. Read off your affordable new emi, together with total emi capacity — the calculator updates automatically, with no button to press.

How Loan EMIs Work: A Complete Guide

Understand exactly how your loan EMI is calculated, why early payments are mostly interest, how tenure and rate change the total cost, and how prepayment saves you money — with worked examples.

4 min read

Related calculators