During the construction phase, HomeFirst will disburse funds to the builder on your behalf. Once the property is finalized, you can visit the HomeFirst website and fill up the inquiry form to receive a call back from our Counsellors. Interest rates and other charges depend on the products. Please help how to save tax. Let us assume the LTV is 90% and the property cost is 10 lac. Want help with your hiring? A 8-word comment posted 1 year ago was not published. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check. With the above information in place, one can clearly answer the question of how much house loan can one can get on his/her salary and take a giant step towards buying the dream home. Total deduction availed -7012400 Kindly suggest me how to save the tax here, monthly am getting 3.2laks /month. It is the total salary package that the company is providing to the employee and indicates the overall expenses that the company is spending on the employee in one financial year. A credit score above 750 can also give you an upper hand to bargain for lower home loan interest rates. You can refer to this article in order to know more about home loan terms or this article for documents needed for home loan applications. 19.8 lac, you can get only 19.8 lac (not 23,83,366) as the final home loan amount whose EMI comes to 19,107 per month. No Limit for the Rented house. Here taking a salary as 35k, & without any fixed monthly obligation, you can pay a maximum of 17,500 as EMI considering 50% FOIR. Both these evaluations are generally done by independent lawyers & valuers who are appointed by that financial institute. Lets find out If the interest rate is 10% per annum, the loan amount eligibility can be arrived at 13,73,026 using a home loan eligibility calculator (assuming 3 household members). CTC or Cost to Company is the amount that a company has directly or indirectly used to hire or retain employees.
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