Can we afford this?
Can we afford it?
A car, a wedding, a course, a renovation — see what paying from savings or with a loan does to your month and to the money kept for emergencies, and the most that stays comfortable.
Planning estimates for education — not financial advice. Rates and returns change.
Your month today
One lakh rupees
Sixty thousand rupees
Household costs, rent, fees, and any EMIs you pay now.
Ten thousand rupees
Used if blank: ₹0 — no EMIs today
Ten thousand rupees
Used if blank: ₹0 — nothing put aside yet
Your savings
Five lakh rupees
Bank balances and deposits you could break — not money kept for a goal.
How many months of spending your savings should still cover afterwards.
Used if blank: 6 months — the usual target
What you want to buy
Eight lakh rupees
Three thousand rupees
Fuel, insurance, fees…
Used if blank: ₹0 — nothing more each month
Two lakh rupees
The down payment, from savings.
Used if blank: ₹0 — the whole price on loan
Used if blank: 8.45% — usual starting rate for a car loan
Used if blank: 5 years — usual for this
Don't buy (today)Comfortable
Left each month
₹30,000
Savings would last
8.3 months
Savings back in
Not touched
Pay from savings
Needs ₹3,00,000 more than your savings.
With a loanTight
Left each month
₹14,705
after an EMI of ₹12,295
Savings would last
4 months
Interest
₹1.38 L
What the numbers show
- 📌Today ₹30,000 is left each month after spending and goal saving, and your savings would cover 8.3 months of spending.
- ⚠️Paying from savings needs ₹3,00,000 more than you have.
- 📌With a loan the EMI is ₹12,295 a month for 5 yrs (interest ₹1.38 L). It leaves ₹14,705 a month, and EMIs would take 22% of income.
- 📌The most that stays comfortable (10% of income still left each month, 6 months of spending kept, EMIs under 40% of income): about ₹1.22 L from savings, or ₹9.52 L with this down payment and loan.
- 📌Running costs of ₹3,000 a month are counted every month after buying.
Educational planning estimates, not financial advice.
Your savings, month by month
- Don't buy (today)
- With a loan
What is left each month is kept. With a loan, the EMI stops when the loan ends.
Where each month's money goes
- Spending today₹60,000 · 60%
- Goal saving₹10,000 · 10%
- New EMI₹12,295 · 12.3%
- Running costs₹3,000 · 3%
- Left over₹14,705 · 14.7%
How it's worked out
“Comfortable” means at least 10% of what comes in is still left each month, your savings still cover the months of spending you want to keep, and EMIs take under 40% of income. “Tight” means nothing runs short but one of those isn't met. “Not yet” means you would run short.
EMI = loan × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), with r the yearly rate ÷ 12 and n the months. Savings are shown without interest.