Affordability Calculator
Find out how much vehicle you can afford based on your income and expenses
Quick Scenarios
Income & Budget
Rent, utilities, food, etc. (excluding vehicle costs)
Loan Parameters
Include Running Costs
You Can Afford a Vehicle Up To
Rs. 3,374,190
with Rs. 1,349,676 down payment
Financial Breakdown
Loan Amount
Rs. 2,024,514
Down Payment Available (Rs.)
Rs. 1,349,676
What You Could Buy
Entry-Mid Segment
Toyota Vitz, Honda Fit, Suzuki Swift
💡 Smart Buying Tips
- ✓Keep total vehicle costs (EMI + fuel + insurance + maintenance) under 40% of income
- ✓Save at least 20% as down payment to reduce interest burden
- ✓Consider hybrid vehicles for lower fuel costs in the long run
- ✓Factor in registration, insurance, and first-year costs
Debt-to-Income Ratio Guidelines for Sri Lanka
Sri Lankan banks use DTI ratios to assess loan eligibility. Understanding your DTI helps you know what you can afford before applying.
| DTI Ratio | Status | Vehicle EMI Limit | Loan Approval |
|---|---|---|---|
| Under 30% | Excellent | Up to 20% of income | Very likely, best rates |
| 30-40% | Good | Up to 15% of income | Likely, standard rates |
| 40-50% | Caution | Up to 10% of income | Possible, may need guarantor |
| 50%+ | High Risk | Not recommended | Likely rejected |
Vehicle Segments by Salary Range
A practical guide to what vehicle segments are affordable at different salary levels in Sri Lanka, assuming 40% down payment (CBSL minimum for vehicles registered over one year; 60% for unregistered vehicles) and 5-year loan at 14%.
| Monthly Salary | Max EMI (20%) | Max Loan | Max Vehicle Price | Vehicle Segment |
|---|---|---|---|---|
| Rs. 100K | Rs. 20K | Rs. 860K | Rs. 1.43M | Used compact (Alto, WagonR) |
| Rs. 200K | Rs. 40K | Rs. 1.72M | Rs. 2.87M | Entry hatchback (Vitz, Aqua) |
| Rs. 300K | Rs. 60K | Rs. 2.58M | Rs. 4.31M | Mid-range (Vezel, CHR) |
| Rs. 500K | Rs. 100K | Rs. 4.31M | Rs. 7.18M | Premium (CR-V, CX-5) |
| Rs. 750K+ | Rs. 150K+ | Rs. 6.46M+ | Rs. 10.77M+ | Luxury (Prado, EVs) |
Calculations assume 14% interest, 5-year tenure, 40% down payment. Actual eligibility varies by bank and credit profile.
Example: Rs. 200,000 income, Rs. 100,000 expenses
Sample Inputs
What This Calculator Does
This calculator determines the maximum vehicle price you can afford based on your income, expenses, and financing preferences. It ensures you don't overextend your budget.
- Calculates maximum affordable EMIEquated Monthly Installment — the fixed monthly loan repayment covering principal and interest
- Determines maximum loan and vehicle price
- Accounts for down payment
- Suggests vehicle segments in your budget
- Provides smart buying tips
Inputs and Assumptions
Assumptions
- - 15% of disposable income for EMIEquated Monthly Installment — the fixed monthly loan repayment covering principal and interest
- - 14% annual interest rate
- - No existing loan obligations
- - Standard bank financing
Frequently Asked Questions
Related Resources
Sources & methodology
Part of the Loans & Debt collection
How we calculate
Central Bank of Sri Lanka
Get monetary policy change alerts
Methodology verified July 2026 against Central Bank of Sri Lanka · Attribution: CalcLK