1 Thought on I want a mortgage loan for 10-12 lakhs. I net salary 35k. I am willing to pay up to 25k emi.?
  1. Reply
    Mohammad
    July 27, 2013 at 5:31 am

    1. You can easily obtain a mortgage loan for 12 lakhs, subject to other relevant factors.

    2. Assuming loan amount 12 lakhs, interest rate 14%, and period of loan as 15 years, the EMI works out to 15,981.

    2.1 For 10 years’ loan, the EMI is 18,600.

    3. You can make calculations of EMI on different parameters by using the EMI calculator at the following website:

    http://www.hdfc.com/applications/calc_emi.asp
    .

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