Find your available home equity credit line and its payments.
Lenders usually allow total borrowing up to about 85% of your home's value. A ₹1,00,00,000 home with a ₹40,00,000 mortgage has ₹45,00,000.00 of available credit.
A home equity line of credit (HELOC) lets you borrow against your home's equity as needed. This calculator works out your available credit from the home value, your mortgage balance and the lender's maximum combined loan-to-value, then shows the interest-only payment during the draw period and the payment after repayment begins.
HELOC rates are usually variable, so payments can rise. Your home is the collateral, so borrow carefully. For a fixed lump sum see the Home Equity Loan Calculator and for your first loan the Mortgage Calculator.
The calculator applies the standard financial formulas step by step.
| Item | Value |
|---|---|
| Home value | ₹1,00,00,000.00 |
| Maximum combined borrowing | ₹85,00,000.00 |
| Existing mortgage | ₹40,00,000.00 |
| Available credit line | ₹45,00,000.00 |
| Amount drawn | ₹45,00,000.00 |
| Interest-only payment (draw period) | ₹35,625.00 |
| Repayment-period EMI | ₹46,990.11 |
| Total interest (if the rate stays the same) | ₹82,33,219.93 |
| Case | Available credit |
|---|---|
| Home value ₹80 lakh | ₹28,00,000.00 |
| Home value ₹1 crore | ₹45,00,000.00 |
| Home value ₹1.5 crore | ₹87,50,000.00 |
| Mortgage ₹20 lakh | ₹65,00,000.00 |
| Max LTV 75% | ₹35,00,000.00 |
A revolving credit line secured by your home's equity, with a draw period and a repayment period.
Typically up to 80–85% of the home's value minus your mortgage, depending on the lender.
Often interest-only during the draw period, then principal plus interest during repayment.
Usually variable, tied to a benchmark rate, so payments can change.
Variable payments and the risk that your home is repossessed if you cannot repay.
A home equity loan is a fixed lump sum; a HELOC is a flexible line you can draw on and repay repeatedly during the draw period.
It uses the standard formula: available = value × LTV − mortgage draw payment = drawn × r The full method and a worked example are shown on this page.
No. The calculator gives estimates for planning and learning. Real offers vary by lender, product and date, so confirm the details with your bank, lender or a qualified adviser before deciding.
Yes. The maths is identical in any currency; only the currency symbol shown in the results differs.
No. Everything is calculated in your browser and nothing you enter is uploaded or saved.
