Home Loan Planning with Home Loan EMI calculator
Hi Folks, lots of questions from our visitors have been coming on Home Loans since Banks started reducing home loan rates. Please see the previous posts for our views on what factors to consider when home loan interest is reduced (and if you are on a fixed interest rate home loan plan).
Here’s a question from Tushar Roy: If my monthly take home pay is Rs.12,000, then how much Home Loan amount can I get when it will be for 15 years?
Answer: Please use this Home Loan EMI calculator
http://wealth.moneycontrol.com/emi_calculater.php
You should take EMIs on the lower side of your affordable income because if situation turns difficult with job loss or business loss, then you can still manage to clear the EMIs.
Posted: April 23rd, 2009 under India Real Estate Developers, India Real Estate Investments, India Real Estate Prices.
Comments: 2
Comments
Comment from N.Rama Krsishna
Time: July 13, 2009, 9:12 am
I am working in CRPF and getting Net Salary of Rs.15,000/- per month. How much amount I eligible for home loan
Comment from nandini
Time: July 29, 2009, 2:46 pm
if de home loan is onboth father and son’s name .then who will get rebate in income tax return.
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