Salary + Loan Affordability Calculator Nepal
Estimate a prudent EMI and maximum loan using both FOIR and the cash your household actually has left after essential expenses and a safety buffer.
How this works
FOIR limits total EMIs to a percentage of reliable income. A second test subtracts essential expenses, existing EMIs, and a safety buffer. The affordable EMI is the lower result.
Worked example
With NPR 1,40,000 reliable income, NPR 65,000 essentials, NPR 10,000 existing EMIs, and a 10% buffer, cash flow may be stricter than the bank's 50% FOIR ceiling.
FAQ
Is the maximum loan guaranteed by a bank?
No. Banks also assess age, employment, credit history, collateral, documentation, and their current lending policy.
Should overtime and bonuses count as income?
Include only income that is dependable and usually accepted by the lender. Irregular income is better kept as extra repayment capacity.
Why keep a safety buffer?
Rates, food, rent, health costs, and family responsibilities can rise. A buffer reduces the chance that one change makes the loan unaffordable.