POSTED BY December 30, 2010 2:01 am COMMENTS (2)ON
I am Dr Naveen Arichwal, age 37yrs,Monthly salary of 65000/-, monthly expenditure Rs.10000/-
and Saving of Rs 7-8 Lakhs, I am investing approx 10000/-p.m. in LIC,EPF,MF,Health insurance
etc. My family consists of Housewife +3yrs old daughter.And at present i am living in
Faridabad (Haryana) & doing job in Fortis hospital as Senior resident -Emergency Medicine.
My query is:- How should i decide the amount of EMI that i can afford to repay
(comfortably) the home loan that i have to take ,to buy a residence.?
2.How much % of total cost of property the bank will give me Homeloan? Should i opt for Fixed rate or floating rate of interest .How to decide?
3.I am paying house rent of Rs.5200/-p.m. +water & electricity. Can i claim tax benefit for
the rent that i am paying per annum? What documents i have to enclose for this benefit?