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How to calculate home loan eligibility?- Property Hotline
Posted
October 7, 2016
Views
915
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October 7, 2016
915
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3:21Now PlayingExpert: PV Subramanyam, Home finance expert.
Question: My family's monthly take-home salary Rs 9.6 lakhs. What is my loan eligibly?
Answer: Assuming that you have Rs 5 lakhs as your salary per annum. Your take home should be Rs 25,000 to Rs 30,000. So your repayment amount will be Rs 20,000 per month. Including your wife’s amount around Rs 25,000 per month you should be able to get a loan around Rs 22- Rs 25 lakhs.
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