Debt to income on both ratios lenders actually use. The front end covers housing alone and the back end covers all debt, with different limits, so a borrower who clears the ratio they know about can still fail the one they do not.
Also called: dti calculator, debt to income ratio.
35% of gross income goes to debt, 35% with the payment you are considering. Enter the housing portion separately to see the front end ratio, which lenders test against a tighter limit than the headline one. You could add 9600 a month before reaching the 43% limit.
An estimate, not an offer or a guarantee. Projected returns assume the rate you entered holds for the whole term, which no market does.
This is what the calculation gives for the numbers you entered. It is an estimate, not advice, and it knows nothing about your situation beyond those numbers. Rules for India change on a published schedule; the effective date is shown on every rule-based tool.
The back end ratio divides all monthly debt payments by gross monthly income and is the figure usually quoted, commonly limited to 43 percent. The front end covers housing alone against a tighter limit, often 28. Both use gross rather than net income, which is why the ratio looks more comfortable than the money feels: a 43 percent gross ratio can be well over half of take-home pay. Adding a proposed payment shows where a new loan lands, and the headroom figure is what could still be borrowed before the limit binds.
lenders apply both and decline on either, so passing one is not passingEach of these is asserted on every build. If a change to the engine ever moved one of these answers, the build would fail before the page could print it.
Debt to income ratio35%
42,000 over 120,000; the limit is 43% of income
Open this exampleDebt to income ratio35%
boundary: inside the 43% back end and outside the 28% front end
Open this exampleFormula version 1.0.0 · definition 1.0.0 · India · Report a problem with this calculator