Car Affordability Calculator

Rough on-road budget from income, EMI cap and down payment.

Your inputs

Use the i icons for plain-language help. Required fields are marked. All outputs remain estimates.

Monthly take-home income (₹)*

Max EMI share of income (%)*

Many lenders prefer EMI under ~30–40% of income; we use your cap.

Expected rate (% p.a.)*

Preferred tenure (months)*

Down payment you can pay (₹)*

Your estimate will appear here

Enter inputs and tap Calculate estimate. Nothing is stored on our servers from this form beyond normal request logs.

All results are indicative — not guarantees of loans, premiums, fuel bills or resale.

About this calculator

“How much car can I afford?” is the question most buyers ask before shortlisting models. This tool answers with an approximate on-road budget derived from the EMI you are willing to carry.

It does not replace a bank’s FOIR checks or credit assessment. Use the result as a shopping ceiling, then validate EMI and ownership cost for specific cars on CarDecision.

Formula summary

Max EMI = income × EMI share; invert EMI formula to max principal; add down payment for on-road budget.

Assumptions

Reducing-balance EMI formula; processing fees and insurance add-ons not included unless you add them to the loan.
Interest rates vary by bank, credit score and promotional offers.
Outputs are estimated / indicative — not a sanction letter.
EMI-to-income caps are planning aids — lenders apply their own policies.

FAQs

What EMI-to-income ratio is safe?

Many planners keep total EMIs (including this car) under roughly 30–40% of take-home pay. Choose a conservative percentage that still leaves room for fuel and insurance.

Should I stretch for a higher segment?

A higher on-road price also lifts insurance, tyres and depreciation. Run an ownership calculator before stretching the last lakh.

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