₹
/ month
Enter net salary after tax and deductions.
₹
Deducted first
How AffordEMI decides what you can afford
Every number on this page comes from two things: the EMI formula banks actually use, and a debt-to-income ceiling that lenders apply when they underwrite you. Nothing is guesswork, and nothing you type leaves your device.
The EMI formula
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1). P is the amount financed after your down payment, r is the annual rate divided by twelve, and n is the tenure in months. Reducing balance, monthly rest — the standard for vehicle loans in every market listed here.
The 40–50% rule
Lenders cap total monthly obligations as a share of net income. Conservative underwriting sits near 40%; stretched approvals go to 50% and beyond. We subtract your existing EMIs first, so what is left is genuinely available. The dashed mark on the meter sits at 20% of income — the level most planners suggest for a vehicle alone, once fuel, insurance and servicing are counted.
About the prices
Prices are curated on-road estimates for popular variants in each market, including typical registration and insurance loading. They move constantly. Treat them as a starting point and confirm with the dealer before you sign anything.
What we never do
- No account, no login, no email required to calculate.
- Your salary is never sent to a server. The maths runs in your browser.
- Sharing a result only encodes your inputs into the link — you choose who sees it.
Every market at a glance
The same salary buys very different vehicles depending on where you earn it, and not mainly because of prices. What moves the answer most is the interest rate and the share of income a lender will let you commit. Brazil and South Africa are expensive to borrow in; the UAE and Germany are cheap. Singapore and the UAE impose a legal minimum down payment that no negotiation removes.
| Market | Currency | Safe | Stretch | Typical car rate | Min. down |
|---|---|---|---|---|---|
| India | ₹ | 40% | 50% | 9.4% | — |
| United States | $ | 36% | 45% | 7.3% | — |
| United Kingdom | £ | 40% | 50% | 8.9% | — |
| United Arab Emirates | AED | 40% | 50% | 4.6% | 20% |
| Australia | A$ | 38% | 48% | 7.6% | — |
| Canada | C$ | 40% | 44% | 7.2% | — |
| Singapore | S$ | 45% | 55% | 5.4% | 30% |
| Germany | € | 40% | 50% | 5.6% | — |
| Brazil | R$ | 30% | 40% | 24.0% | — |
| South Africa | R | 35% | 45% | 12.75% | — |
Safe and stretch are the share of net monthly income a lender will allow across all your obligations. Rates are market averages for new-vehicle finance, not offers. Pick your market above to run the numbers against a real catalogue.