Can I afford a house in Chennai?
On a comfortable EMI, ₹15L supports about ₹67.15L, ₹25L about ₹87.82L and ₹40L about ₹1.15Cr, with ₹30L down at an example 8% rate. Make it yours below.
What house price can you reasonably consider?
House price you could consider
Comfortable30% EMI
₹87.82L
Stretch40% EMI
₹1.07Cr
Aggressive50% EMI
₹1.2Cr
Comfortable
EMIs at 30% of take-home
₹87.82L
- Monthly EMI
- ₹48,365
- Loan
- ₹57.82L
- Down payment
- ₹30L
- Total interest
- ₹58.25L
- Left to save / month
- ₹85,552
Stretch
EMIs at 40% of take-home
₹1.07Cr
- Monthly EMI
- ₹64,487
- Loan
- ₹77.1L
- Down payment
- ₹30L
- Total interest
- ₹77.67L
- Left to save / month
- ₹69,430
Aggressive
EMIs at 50% of take-home
₹1.2Cr
- Monthly EMI
- ₹75,280
- Loan
- ₹90L
- Down payment
- ₹30L
- Total interest
- ₹90.67L
- Left to save / month
- ₹58,638
Limited by RBI loan-to-value rules — a bigger down payment would raise this.
Price = loan + down payment. “Left to save” assumes you stop paying rent and pay the EMI instead, before maintenance and property tax.
Your KITNA Home Buying Report ₹299
Salary analysis, a monthly budget, savings projection, city and housing scenarios, written for your numbers. Everything above stays free.
See what's in the reportComfortable budget
₹87.82L