Loan enquiry for onsite ppl
Hello, I've been working in Infosys from last 3 years, My monthly take home is around 60k , I got an UK onsite opportunity with 50k pounds annual salary,. I want to take a loan around 1 CR to buy home Is this possible if yes how, if not what's my home loan eligibility? For home loan
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You can get home loan but as an nri.. Please check with Banks.. They will support you.. And with 50k, they will give you the homeloan without any hassle but you need to know that for 1 cr for 20 years will be around 1 lakh per month and UK visa is valid for 2 years then you need to get it extended to other category..
Thanks for your time sir
I would easily get , 25 L in Hyderabad after 5 years of total experience
I hope that will be taken care of
Let me tell you what I would have done if I start again as a 24 year Old guy.
- Buy a term insurance before moving to onsite.. Try to get the most amount with least premium for the longest duration, say till you reach 65
- Get health insurance for your family. Once you come back to India, you can buy yourself along with your family (spouse etc) separate from corporate health insurance
- After the above two, build an emergency corpus of 6 to 12 months of your expenses at that specific year and keep on increasing if your salary and expenses are increasing. Keep it in liquid fund instead of fd as fds are taxable at slab rate
- Then start investing something in any index fund of your choice.
- After this you spent money on learning and try to minise your expenses.
- I would also suggest you to travel a lot since with UK visa you can apply for schenegen visa.
- Buy a house with home loan but Your emis should not be more than 20 percent of your take home else you will struggle. Try to save and invest as much. Home loan may be for 20-30 lakhs is ok but 1 cr... Nono unless you are earning 45 lpa or more.. Still I. Would advise against it
