How to manage Home Loan Smartly.

Im earning 1lakh per month in hand and I would like to buy a 3bhk flat worth 1.15cr in Hinjewadi near Pune this year. Sharks pls guide in detail Also which home loans would be beneficial in long run Feel free to DM.Ultimately your inputs as IT guys would be really beneficial. Thanks

Planning to buy a house. I'm confused about what should be the max price range I should be targeting for. I was okay with going till 2 cr since I would be able to do 40% down-payment and take loan for 15 years whose monthly EMI wouldn't be more than 1/3rd of my monthly in hand salary. But after talking to few folks, realized that people are actually okay going for costlier properties. People who bought house in last 3-4 years, what % down-payment did you do and what % of your in hand salary is your EMI?

Hello folks. While I'd like to remain anonymous very much, here's what I can share about myself. 1. Working in consumer finance. 2. Love personal finance and helping people out with it. 3. Have published 10,000+ pieces of financial content in the mainstream media. 4. Wrote a best-selling book on money management. It was No. 1 on Amazon once upon a time. 5. Lately been appearing on TV regularly for personal finance discussions. 6. Saved like crazy through my 20s and 30s, brought two apartments; have an 8-figure net worth mostly thanks to my mutual fund investments. It's not much but it's hard-earned. 7. My unrealised aspiration is travel and I'm working on it now. No, I'm not selling anything. No commissions, no referral links, no finfluencing. Just want to talk, exchange ideas, and learn from you all. Maybe I'll feature you in my next book. :) Ask me anything.

Hi Guys, I wanted to ask one thing from experienced people here. I want to buy a 2/3Bhk flat worth 70-80 Lac after 5 years and right now I have only 5 Lac savings. How should I plan properly to achieve this, 1 am afraid of taking loan and really scared of debt. Please suggest something.

Hi All, I am interested in a property in my hometown that costs around 3.5 Cr. This property can easily be rented out for atleast 1.5 LPM. I have saving of around 1 Cr, should I take a loan of rest of the amount ? I make around 70 LPA, 54 is fixed and rest is ESOPs. My wife makes around 12 LPA. What do you think ? Should I take this loan ?

Hi Guys, I wanted to ask one thing from experienced people here. I want to buy a 2/3Bhk flat worth 70-80 Lac after 5 years and right now I have only 5 Lac savings. How should I plan properly to achieve this, 1 am afraid of taking loan and really scared of debt. Please suggest something.

Context - Buying as an investment, don't plan to live there. I plan to live on rent. Current rent is 17k/month. I'll keep it short for max input. I'm looking at some flats priced around 60-70L for a 2BHK. Rent in the area will be ~30k. If I pay 20L down and take a home loan for 40L, EMI will be approx ~65k for a period of 7 years (I want to pay it off ASAP, to pay the least amount of interest). I earn around 1.5L per month. Personal expenses are ~50k per month. Assuming I get 30K as rent I'll have to pay a maximum of 40K as emi. This is a very recent thought on which I've just researched for a couple of hours so apologies if I missed anything important but honestly this looks quite doable to me.

people whose gross salary in the bracket of 11-13 lpa, please share tax saving tips or any video resource. Recently joined 30% bracket. Can we claim tax for under construction property too??

I've got a package around 40 LPA with 4 yrs exp, with 1.8L as take home Now, my parents are looking to buy a house at my home town (tier 2 city). It costs around 65L, so have to a loan of around 50L which will be around 65k EMI every month for the next 10 years Also I'm passionate about working on side projects doing some part time gigs, share around 40k to my family for their needs. This house loan will have a burden on me for sure, do you think it's the right decision to take home now or maybe postpone it to later?

I am earning 1 lac per month and have a home loan of 47 lakhs .