Maximum Amount of Home Loan you can get out of monthly spare funds
available for EMI

So you have some amount to spare for EMI every month. Click here to find out how much Home Loan you can get from that spare amount.
Spare Amount for EMI
No. of Years
Year
Interest Rate
%

You can get home loan of

at an EMI of

EXPERTS OFFERS

Introduction

So you have some spare funds available every month. In fact a lot of them and that is why you are here on this page. You wish to take a home loan with best rates & processing fees offers available. You have come to the right place. First you can see how much home loan amount you can get using the spare funds to be paid as EMI. Then you can choose from the best offers available from the site & go for the lowest interest best home loan finance for your requirement.

Check our Home Loan EMI Calculator

The need for this Home Loan Amount Calculator

Financial Calculations are always difficult. Remember, grade 7 & 8, profit-loss calculations OR simple/compound interest calculations. Even the Bankers move with a sheet with tonnes of numbers written on it. So we thought why not make a calculator where you can reverse-calculate the home loan amount you can get with calculator for home loan.
This way you just have to know how much amount you can pay as home loan EMI every month. That’s it. The rest is done by the calculator. But beware! You think that you can spare this much of amount for EMI every month, the Bank may or may not agree to what you think.

How to use this calculator

Yes we know you know the terms used in this calculator, this article & can easily use this calculator. But to lesser mortals, we have to explain the same.

AMOUNT YOU HAVE, TO SPARE FOR EMI: Put in the amount of funds spare with you that can be used to pay the Home Loan every month. Say you earn Rs.50000 every month & after all the savings & expenses, you have Rs.20000 excess every month that according to you can be spared for Home Loan EMI.

NO. OF YEARS: Here you select the tenure of the loan you feel is comfortable for you – 20 years or 30 years. We have put the default value at 20 years which is what mostly people take home loan for.

INETREST RATE: Enter here the current offer in the market for the best interest rate. You can check offers on our site to enter the new interest rate. Default value we have put here is 9.5% which is closer to reality.

What you get as an answer is a close approximation of the home loan amount you can take from the market from Bank. If you would look around slightly on this page, you can find offers on Home Loans. Choose from one of them, get door-step service & save money. Then go on a long drive for a holiday and make your family happy.

Document List

Documents required for Home Loan

Salaried

Self Employed Professional

Self Employed Non Professional

Application form

Y

Y

Y

KYC

 

 

 

Photographs

Y

Y

Y

Identity Proof

Y

Y

Y

Address Proof

Y

Y

Y

Age Proof

Y

Y

Y

Bank Statements

Y

Y

Y

Signature Verification

Y

Y

Y

Income Proof

 

 

 

Latest Salary Slip / Form 16

Y

 

 

Income Tax returns of 2 previous financial years along with complete financial/audit report.

 

 

Y

Income Tax Returns of 2 previous financial years.

 

Y

 

Other Documentation

 

 

 

Business Stability proof / Ownership proof

 

Y

Y

Employment Stability Proof

Y

 

 

Partnership deed and Letter signed by all partners authorising one partner

 

 

Y

Companies and Societies: Resolution by Board of Directors (or such managing body) and Memorandum and Articles of Association

 

 

Y

Disclaimer

The data generated herein is completely and solely based on the information/details provided by you in response to the questions specified by the site BankerBhai.com. Such information and the resultant data is provided only for user's convenience and information purposes. BankerBhai.com does not guarantee accuracy, completeness or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy. The use of any information set out is entirely at the User's own risk. User should exercise due care and caution (including if necessary, obtaining of advise of tax/ legal/ accounting/ financial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained / data generated herein. The information contained / data generated herein may be subject to change, updation, revision, verification and amendment without notice and such information/data generated may change materially.


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