Hi JIs,
I am planning to invest in a house in Banglore. My salary is 4.8 Lac/annum. The Home seems to be like a mini apartment with set of houses.(Three 2Bhks, four 1 Bhks ,This is overall figure). The Price seems to be 1.40 Crores. I have around 60 Lacs as cash. What am planning is “If i have taken a loan for around 80 Lacs ,my EMI will be around 80 K per month. The house is going to generate 80 K as a income from rent. Over the period of time the Rental value will also increase. My question here is “Will Banks consider the income from the house also while giving the loan because my salary seems to unfit for the 80 lacs????”