Free Loan Calculator
Work backwards from an EMI you can afford to the maximum loan amount you could borrow — no signup, nothing sent to a server. Have the loan amount already and want the monthly instalment instead? Use the EMI Calculator, or compare it against simple vs compound interest on the same amount.
Max loan amount
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Total interest
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Total repayment
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How to calculate borrowing capacity
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1
Enter an affordable monthly EMI
Type the monthly instalment amount that comfortably fits your budget.
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2
Enter the annual interest rate
Use the rate quoted by your bank or lender.
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3
Set the tenure
Enter the repayment period in years or months.
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4
Read the loan breakdown
The maximum loan amount, total interest, and total repayment update instantly as you type.
Example use cases
Budgeting before you apply
Start from what you can actually afford each month and see the loan size it supports.
Comparing tenure options
See how stretching or shortening the tenure changes the loan amount a fixed EMI can support.
Setting a property or car budget
Get a ballpark loan figure before house- or car-hunting.
Frequently asked questions
How does this differ from the EMI Calculator?
The EMI Calculator starts from a loan amount and works out the EMI. This tool does the reverse — you enter an EMI you can afford, and it works out the maximum loan amount that fits.
How is the maximum loan amount calculated?
Loan amount = EMI × [(1 + r)ⁿ − 1] ÷ [r × (1 + r)ⁿ], where r is the monthly interest rate and n is the number of monthly instalments — the EMI formula solved for the principal instead of the payment.
Should I borrow the maximum amount shown?
Not necessarily. This shows what an EMI would support at the given rate and tenure — lenders also weigh income, existing debt, and credit history, and borrowing right up to your limit leaves little room for the unexpected.
Is my financial information sent to a server?
No. The calculation runs entirely in your browser — nothing is transmitted or logged.