Home Affordability Calculator — Sri Lanka
Find out how much house or apartment you can afford in Sri Lanka. Enter your monthly income and commitments to see your maximum property budget and housing loan EMI, in LKR.
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How much house can I afford in Sri Lanka?
The two numbers that decide your budget are the EMI you can safely pay each month and the down payment you have in hand. Banks in Sri Lanka generally lend up to 70–80% of a property's value, so your savings need to cover the remaining 20–30% plus stamp duty and legal fees.
Once you know your maximum EMI, the loan amount follows from the interest rate and tenure. A longer tenure lowers the monthly payment but increases total interest — try switching between 15 and 25 years above to see the difference.
How this is calculated
Sri Lankan banks typically allow total loan repayments of around 40–60% of take-home income. This tool caps your new EMI at 45% of income (or whatever's left after your expenses, whichever is smaller). Your bank's actual limit depends on its credit policy — treat this as a planning estimate, not a loan approval.
Frequently Asked Questions
What percentage of my salary can go to a housing loan EMI?
Most Sri Lankan banks apply a debt-service ratio of roughly 40–60% of net monthly income across all your loans. If you already pay a vehicle lease, that reduces what's available for a housing loan.
Does this include stamp duty and legal fees?
No — budget roughly 4–6% of the property value on top for stamp duty, notary fees and registration. Use our Stamp Duty & Transfer Cost Calculator to estimate these.
Can I include my spouse's income?
Yes. For a joint loan application, enter your combined take-home income and combined expenses.
How much down payment do banks expect?
Sri Lankan banks generally lend 70–80% of the property value, so plan for a 20–30% down payment plus roughly 4–6% for transfer costs.
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