Besides fees, approval times , interest rates . 
 Pre approved properties  
 A product like Maxgain from SBI which is like an overdraft account . Any surplus funds you can park in that . Interest is charged only on the outstanding balance

Seems good to hear but the opportunity cost is probably going to be a very high for those parked funds. It's better to take a cheaper cost vanilla loan. Hdfc should be able to provide the best rates and their processes are seamless.

Product Owner

Product Manager

Software Engineer

I have done a lot of home loans. I would suggest going with HDFC Bank. They can give the lowest roi, their process from login till disbursement is pretty smooth. If you want an OD related feature with your loan go for Maxgain of SBI. I can help you with contacts if you need help :)

Machine Learning Engineer

My brother and I are together buying a second flat of 1.2 Cr in Mumbai. We are currently looking for home loans. What should we consider while choosing a bank/loan.

Welcome to Personal Finance's Private Community

Home Loan advice

Civil Engineer

Home Loan advice- Grapevine

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

How much Home loan should I take?

Technical Lead

Hi All,
We are planning to buy a builder floor flat(reason : we get more land share than buying an apartment). Budget within 1.5 to 1.8 cr
My salary : 44lacs
My husband's salary: 64 lacs
We both have purchased two houses in our home towns in tier 2 cities. Together we both have a loan of  approximately 44 lacs. We are not closing it because of tax benefit and also those loan accounts are OD we are getting approximately 7% interest.
Till now we didn't have a plan of buying any property. We just had a plan of doing sip in mutual funds which will give more returns. But now we are feeling like buying one. Because both of us are doing wfh and our daughter started going to school. Parents are also staying with us. 

Is it a good idea to buy a house or stay in a rented property, have some savings for the next 10 years or so and buy with full cash?

Need suggestions on purchasing a property

Software Test - QA

Folks that got laid off and had EMI’s to pay like Home Loans etc. How are you managing it?

Software Developer

I have saved 15L in the past 2.5 years, and i am planning to buy a home worth 50 L in tier 3 city. I want to take a Loan of the remaining amount and i am the only earner in my family. Considering the current situation of Layoffs/Downsizing etc etc in IT,is it okay to take a loan and solely depend on my income for loan repayment. Im 25 rn and we don't have our own house. So need one. What are the other ways in which i can buy a home.

Should i go for home loan

Data Analyst

I am a 22 year old Male working in Mumbai. I have just over an year’s ago experience of working in a consulting firm. My base is 26-30LPA. For those whose have invested in properties (residential), and those who chose not to - is it ideal for me to take a loan to buy a house for my parents. It’s price is ~1Cr and I’d be taking a loan for 5 years. I am wondering if a liability would hamper my growth (personally or professionally), or would this be a worthwhile investment. I am confident about the investment itself, as in i expect it to appreciate in value, but still have doubts about taking a loan. And advise/opinion would be helpful

Advise on property investment

Strategy Consulting

Welcome to Software Engineers's Private Community

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.

Finance Knowledge

I'm planning to take a loan for 60Lacs.

which is the best bank to take from to get the lowest interest rate.

what should be the duration of loan  5 or 10 years - based on getting Tax exemptions.

60 Lacs Home Loan

I’ll go first. 

1. What kind of investor are you? 
I am an opportunity investor, and I do buy good stocks whenever they are in reasonable valuations. Below are my monthly numbers. 

2. Where’s the majority of your investment portfolio ?
I have three RE investments and one of them has loan. And I’m planning to buy a property in Goa or HP. 

3. What’s your monthly investment breakdown?

1.7L/ Month (approx) 

60k - SIP (mutual funds)
60k - stocks (smallcase, us stocks using vested) 
30k - as opportunity fund, this is transferred to a different bank account 
10-20k - for experimental investments in crypto, nfts, and some trading. This is a new segment and I don’t have much experience in this and that’s why starting small here. 

4. Anything else you want to share? 

I am learning to invest on a daily basis. Reading, videos and podcasts are my sources. Some of my tops picks are Whiteboard finance (Marko), My first Million and Smart Passive Income, finance with Saran, and Akshat Shrivastava.

Where and how much are you saving/ investing per month?

Consulting Director

Finance knowledge

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?

Home loan

Loan for buying plot

System Administrator

1. Real estate (invested value)
2. Liquid cash
3. Other Investments (invested value)

The wealth should not be inherited.

I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.

How much wealth have you created yourself?

Seeing the comment section,I realise I am broke.

Frontend Engineer

Hi 

I have booked a newly launched property from a grade A builder. I am planning to take a home loan of around 1 CR for the same, the builder from whom I am buying the property is strongly advising to apply through their contact person (who is a Direct sourcing agent) who has tie ups with multiple banks like hdfc , SBI, axis etc. The builder is saying that the person will help get the  loan amount disbursed on time and help with documentation better. That person is recommending SBI. I also connected with a hdfc home loan department person and he is suggesting I should go through him.

Can someone please suggest whom I should go ahead with? Also which bank is better and why? Also the expected interest rates and other charges?

My cibil score is around 755. I am the first time buyer and hence unknown in this area 

Any help will be much appreciated

Advice on home loan

Sales Manager

I am a middle class boy. Working in Banglore. I am earning 1.5L every month from last 3 yrs. But still I don't have a penny saved. I have to give all my money to my parents. They have huge debts and to avoid extra expenses i am working from home. It is killing my social skill but i am prioritising money over my social skills. I see my friend going to trips all around the world and while me scrolling through Instagram all the time looking at their photos. Still using my college phone and not upgraded to i phone, Uninstalled all shopping apps for unnecessary shopping are some steps I took to save extra money. 
The point is sometimes i feel proud to help my family to come out of this situation, but in the other hand i am losing the most important time of my life. 

I really feel this time i pushing me back by 5 yrs and really don't know what to do...

I haven't saved a single penny in last 3 yrs

I am planning to buy a house(but in my mother's name) maybe at the end of 2024 so I wanted to have some clarity on the questions below.

House price = 100 + other charges?
Suppose somehow if I have 70 to buy the same house and I need remaining 30 + other charges.

1. How to get a loan for the remaining amount considering the house won't be in my name?
2. Will I get a house loan?
3.Do I need to apply for a personal loan?

Please share your thoughts🙏

Advice for loan

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 ?

Home Loan advice

Discover More

Personal Finance on

by Kendall Gabriel

Open

How much Home loan should I take?

Personal Finance on

by Jordon Nadeen

Swiggy

Need suggestions on purchasing a property

Layoffs on

by Isaiah Carmden

Fintech Startup

Folks that got laid off and had EMI’s to pay like Home Loans etc. How are you managing it?

Personal Finance on

by Kendall Olive

Optum

Should i go for home loan

Personal Finance on

by Coy Gabriel

Urban Company

Advise on property investment

Software Engineers on

by Jordon Carmden

Autodesk

Finance Knowledge

Personal Finance on

by Jordon Carmden

American Express

60 Lacs Home Loan

Personal Finance on

by Matilda Dean

Sprinklr

Where and how much are you saving/ investing per month?

Personal Finance on

by Dezi Carmden

Autodesk

Finance knowledge

Personal Finance on

by Kalan Denver

InMobi

Home loan

Personal Finance on

by Isaiah Nadeen

TCS

Loan for buying plot

Personal Finance on

by Jordon Nadeen

Stealth

How much wealth have you created yourself?

Bangalore on

by Dezi Carmden

City Mall

Advice on home loan

Bangalore on

by Jordon Nadeen

Stealth

I haven't saved a single penny in last 3 yrs

Personal Finance on

by Jordon Carmden

US Based Startup

Advice for loan

Personal Finance on

by Kendall Carmden

PhonePe

How much maximum loan should I take ? Advice needed