Home Loan Affordability Calculator

• Precision in Planning
• Get realistic borrowing limits
• Customised Financial Insights
• Time and Cost Efficiency

At the heart of the Home Loan Affordability Calculator lies a sophisticated algorithm that harmonises various financial elements to provide a nuanced and realistic picture of your borrowing potential.

The calculator meticulously considers Down Payment, Gross Monthly Income, Existing EMIs, Illustrative Interest Rate, and Tenure. By weighing these factors against each other, the calculator determines the Total Property Cost you can afford, your Home Loan Eligibility with ICICI Bank, the anticipated Home Loan EMI, and the Remaining Balance required to seal the deal on your property purchase.

• Down Payment

A higher down payment often translates to a more favourable loan amount and improved affordability.

• Gross Monthly Income

The calculator assesses your monthly earnings, ensuring that the proposed loan amount aligns with your financial capacity.

• Existing EMIs

The calculator considers your ongoing EMIs, balancing them with the prospective home loan to ascertain a manageable repayment structure.

• Interest Rate

It influences your Home Loan EMI and, consequently, the overall affordability of the loan.

• Tenure

While a longer tenure might lower your monthly EMI, it could impact the total interest paid.