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I took my home loan at a monthly takeaway of 1.15 L. However, it doesn't really matter as I could have taken a loan even when I was earning 60k, if I would have found the right property then.
My monthly takeaway is 1.32 and loan emi is 40K. Negotiated hard during flat sale and also taken loan for 30 yrs to reduce emi and increase pre-payment chance.
My take home was about 1.2 lpa while the emi was 72k. My loan didn't include the cost of the plot as i bought a ready to move builder floor.
Thanks M1, I need to plan accordingly then
How much should one pay for a good 2 bhk in bangalore- properties are mostly on outskirts with bad connectivity and infra beyond the society
EMI contribution should be less than 35% of take home salary to avoid any undue financial stress.