ZestyCupcake
ZestyCupcake

Is it a good decision to take 30-40lac loan at age 26?

I want to buy a house costing around 50-60lac. I am 26 year old. Earning around 1.5L per month. Is it a right decision for me to go with 30-40lac loan for 20yrs? If not, how I plan this goal?

16d ago
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PerkyLlama
PerkyLlama
IBM16d

Is it for yourself or your parents? Are you going to stay in the same house?

ZestyCupcake
ZestyCupcake

Yes, for me and my parents. But if i change the company I alone might have to relocate to office location preferably Pune. Right now working from home.

ZoomyJellybean
ZoomyJellybean
HCL16d

I guess yes, this would be a good time. But make sure all emis are not more than 30% of your in hand salary

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