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How to calculate home loan eligibility?- Property Hotline
Posted
July 8, 2016
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July 8, 2016
1,729
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2:44Now PlayingBe Un Confused
Expert: Harshil Mehta, CEO of DHFL.
Question: I have a net take home salary of Rs 65000 excluding HRA of Rs 10000 being deducted by government w.r.t. quarter. How much home loan am I eligible for?
Answer: Assuming there is no other loan; you will be getting around Rs45- Rs47lakhs. This is how the calculation is done i.e. 5 times your annual salary. Loan period would be 20 years.
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