Property Affordability Calculator

The 28/36 rule suggests that your housing costs (EMI + property tax + insurance) should not exceed 28% of your gross monthly income, and your total debt payments (including car loans, personal loans, credit cards) should not exceed 36%. In India, banks are slightly more lenient - allowing FOIR up to 50-60% - but following the 28/36 rule gives you a comfortable buffer for emergencies and lifestyle expenses.

In India, banks typically finance 75-90% of the property value (Loan-to-Value ratio), depending on the loan amount. For loans up to ₹30 lakh, LTV can be up to 90%; for ₹30-75 lakh, up to 80%; above ₹75 lakh, up to 75%. A larger down payment means a smaller loan, lower EMI, and better interest rates. However, keep at least 6 months of expenses as an emergency fund - don't put every rupee into the down payment.

Absolutely. Stamp duty and registration fees in West Bengal add 7-8% to your total cost (6-7% stamp duty + 1% registration). Banks do not finance these charges - they must come from your own funds. For a ₹1 crore property, budget an additional ₹7-8 lakh for stamp duty and registration, plus 1-2% for brokerage, legal fees, and miscellaneous charges. Always calculate affordability on all-in cost, not just the property price.

Yes. Steps to improve eligibility: (1) Increase your CIBIL score above 750 by paying all bills on time; (2) Close existing personal loans or credit card debts to reduce FOIR; (3) Add a co-applicant (spouse with income) to combine eligibility; (4) Opt for a longer tenure (30 years) to reduce EMI and increase eligible loan amount; (5) Show additional income sources (rental, freelance, interest income) with documentation.