Result
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Room for a new EMI = income × allowed share − existing EMIs. Maximum loan = that EMI × ((1 + r)^n − 1) ÷ (r × (1 + r)^n).
Illustrative only. Lenders set the final amount, rate and tenure after assessing your application.
Room for a new EMI = income × allowed share − existing EMIs. Maximum loan = that EMI × ((1 + r)^n − 1) ÷ (r × (1 + r)^n).
Illustrative only. Lenders set the final amount, rate and tenure after assessing your application.