What can be my Maximum Budget for house in Mumbai ?

POSTED BY guest ON July 31, 2014 3:33 pm ONE COMMENT

Hi,

I am a 30 year guy staying in mumbai (western suburbs) from last 3 years and paying Rs 20,000 rent currently. My yearly income is between 10-15 lakh. So just wanted to know whether I should buy a house or not and if yes than what should be my maximum budget?

One reply on this article “What can be my Maximum Budget for house in Mumbai ?”

  1. Credexpert says:

    Dear Sir,

    Your budget should depend on the availability of your resources and your capacity to pay keeping in mind your total income.

    However, if you decide to take a loan for the same, do a detailed check on services offered by lending institutions, interest rates, your eligibility for the loan amount and your capacity to service the loan through EMIs as compared to your monthly income and then take a decision.

    Regards,
    Credexpert

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