If you don't mind, What is your EMI and age ?

Cloud Architect

Security Analyst

Data Scientist

Age-32 
 Emi-62k 
 Loan pending-57L 
 Salary-2L

How many years have you taken the home loan for ?

Consultant

Software Developer

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

Welcome to Personal Finance's Private Community

How much outstanding home loan you have ? What is your CTC ?

How much outstanding home loan you have ? What is your CTC ?- Grapevine

Hello community,
I have 5 YOE 
Current CTC: 25 Lpa
Working with MNC in bangalore, unmarried 
Apart from this i have 7Lkhs of Auto loan left which was of 4 years, I don’t wish to prepay that. 

Do you have any suggestions if I want to quit job market in coming 10 years and do something of my own or attempt something remote coz I don’t see myself in bangalore in coming years.

How am I doing till now?

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

I am having 21LPA package and I want to save taxes on the new tax regime. Please suggest

Need financial suggestions on tax saving

Senior Consultant

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

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

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.

Let's talk money habits.

Corporate Strategist

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?

Is House Loan better early in your career?

Senior Data Engineer

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

I have 12Lakhs in mutualfund and 8Lakhs in cash and 20Lakhs of Home loan, thinking to deposit the 8Lakhs in home loan, as sometimes I get worried that I have a loan to pay.

What's your opinion?

Home Loan pay off!

Software Engineer

Guys,
I have a monthly salary of 40000 rs(8 years in IT) and I am thinking about a switch and learning for it. My husband joined a company on Feb 5 and his monthly expected salary is around 65000 rs(5 years in fincrime).
We have around 5-6 lakhs debt, which we are repaying based on requirements. We are seriously thinking about buying a car as we have a 10 month old baby and travel is difficult without a good car, hence we are planning to buy kushaq ambition automatic (~18 lakhs).
We don't have money in hand thinking about taking a loan of 12 lakhs and rest by pledging gold.

Do you think we made the right decision to buy a car now. We have a 15 year old Alto now.

Is it advisable to buy a good car at this point?

Data engineer

What amount of tax will be deducted monthly for a CTC of 40LPA in India? Work location - Chennai.

Monthly tax for a CTC of 40LPA?

Welcome to Fintech India's Private Community

Asking from people who consider that one should strive towards owning a house (or an even stronger stance that not owning a house is not an option for them).

Really want to understand their POV. 

Why are you comfortable taking 15-20 year loans for the dream of owning a house?

Owning a house, what's the appeal?

Business Analyst

I am 26 years old and just reached 75 lakhs net worth and 0 loans. I have a 15 lakh car which I paid in cash for. I also recently got a job that will increase this significantly in the next 2 years with more than 80 LPA CTC.

But I don't know what to do with this money. Yes I have invested a lot but I don't feel like buying a house or anything. It feels like money is increasing but what's the point. I already live a happy life living in a rented 1 BHK in a good society. Should I buy a house just for the sake of buying it?

75 lakhs NW 26 YO

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 salaried and I have a personal loan emi of 23000 and the loan is pending for 2 more years.

I have an option to close this by paying the complete amount now which would be around 5.5 lakh.

Should I try and close loan first or allow the emi to continue and invest the remaining investable money from the salary ? Or any other suggestions

What would you be doing ?

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

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??

How much outstanding home loan you have ? What is your CTC ?

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