Car Affordability Calculator
Based on your monthly take-home income, existing obligations, and household expenses, CarHaven estimates the car budget that fits your lifestyle without financial stress.
Your Financial Profile
Home loan, personal loan, credit cards, etc.
Rent, groceries, utilities, etc.
Based on your income and expenses, your debt-to-income ratio is 18%. Great financial health — you can comfortably afford a car loan.
Recommended Car Budget
₹8,93,697
Conservative estimate
Maximum Car Budget
₹15,48,854
Stretched limit
Suggested Max EMI
₹14,400
per month
Estimated Loan Amount
₹6,93,697
at recommended price
Monthly Income Breakdown
This is not financial advice. Actual affordability depends on your unique financial situation, credit score, and lender terms.
The 18% Rule for Car Buying
Financial advisors in India generally recommend keeping your total car EMI below 15–18% of your monthly take-home income. This leaves enough room for savings, investments, and emergency funds. For example, if you earn ₹80,000 per month, your car EMI should ideally not exceed ₹12,000–15,000.
Remember: A car comes with additional running costs — fuel, insurance, maintenance, and parking — which can easily add ₹5,000–15,000 per month on top of your EMI.