This tool will help you find out how much loan can you get for your dream home.

Your loan eligibility depends on the down payment and the future monthly payments you can afford.

In case you're buying a newly constructed house taking a home loan: you'll get tax exemptions on interest payment of upto Rs. 1 lacs p.a. and tax rebate on principal repayment of Rs. 20,000 p.a. What you enter here is the monthly payment you can afford before tax benefits. The planner adds the tax benefits to calculate your actual monthly payments.

The actual amount you get depends on the lender's assessment of your credit profile.

The basic rules are:
(a) Down payment should be more than the margin money required by the lender
(b) For the same monthly payment, the loan eligibility increases
  if the interest rate is lower
  if the tenure is longer
  if the reducing balance frequency is shorter