Case Study

What is the budget impact on housing loans?
The Union Budget 2011-12 has taken cognizance of the growth potential in the residential sector especially in the priority sector and has announced a laudable interest subvention.  The budget has redefined the priority housing sector to include property up to Rs 25 lakhs, from Rs 20 Lakh earlier, [...]

 
Rajeev is a 28-year-old salaried professional, earning a net monthly salary of Rs 55,000. He stays in a house at a rent of Rs 10,000 per month. But recently Rajeev has decided to buy a house for himself and found his dream house which is worth Rs 41 lakh. However, he is not sure whether [...]

 
  
Tarun is planning to buy a second house worth Rs 45 lakh with a home loan of Rs 36 lakh. He
already has a flat that is worth Rs 40 lakh for which he has taken a loan of Rs 32 lakh three years ago. His income is Rs 1.2 lakh a month. He is now
scouting [...]

Picking out the right option
Mahesh is a 30-year-old salaried professional who earns a gross salary of Rs 40,000 a month. He is currently living in a flat on a monthly rent of Rs 10,000. But with attractive home loan schemes hitting the market every day, he is contemplating to buy the same flat at around [...]

Sanjay's dilemma – To live on rent or buy a home
Sanjay is a 35-year-old CA with a reputed accountancy firm and brings home a salary of Rs 1,00,000 per month. He is living with his family in a rented flat that costs him Rs 25,000 per month. Till a few years back, buying a house [...]

Satish Rawat(Age 33) is working with a MNC in Mumbai. His net take home salary is Rs. 1,00,000/- per month. He wants to buy a home of worth 60 lacs. He wants to take a home loan for as much loan amount as possible. He has a saving of Rs. 11 lacs only.
Analysis
EMI Eligibility – [...]

Prakash's investment in a property
Prakash has bought a flat worth Rs 50 lakh with a loan of Rs 40 lakh at 12 per cent interest per annum for 10 years. He is earning a rental income of Rs 15,000 per month by subletting the flat, on the maintenance of which he spends Rs 2,000 per [...]

Should Ram switch his home loan?
Ram, a 32-year-old engineer, had taken a home loan of Rs 20 lakh for 20 years at a fixed interest rate of 13 per cent. He still has ten years remaining on his loan. Now, he is planning to shift the loan to another bank which is offering a fixed [...]

Has Sunita taken the right decision?
Sunita, a 35-year-old widow, is surviving on a steady monthly income of Rs 30,000. She had taken a loan of Rs 15 lakh in 2004 on floating rate for 7 years. She could also have opted for a fixed rate which was being offered at 8 per cent p.a. at [...]