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29, 80k Salary: Smart Loan for My 29.5L Dream Flat?

Ramalingam

Ramalingam Kalirajan  |9752 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 02, 2025

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - May 18, 2025Hindi
Money

Hello Sir, I am 29 years old and having in hand salary of 80k-85k per month after deductions. I also have 5L in mutual funds(ELSS and small cap)(15k pm and increasing it by 5 to 10% every year) and also a 25k per annum LIC. Also i have enough emergency fund to help myself and my family. Not having any type of loan till date. Credit card utilisation is always below 30% and never missed a on-time payment. Cibil score is above 790. I booked a flat for 29.50L. I am seeking to take home loan for 15 years tenure. Can you suggest me 1.should i go for floating interst rate or fixed? 2. Which bank should I prefer? 3. Can I able to repay the loan before tenure without penalties? 4. By repaying principal amount of loan directly in loan account possible?5. Am i on right path ? .. Also can you give some tips to manage all the things without any stress ?

Ans: You seem to be managing your finances very well. Let’s address your points and also give you tips to handle things stress-free.

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Your Current Financial Position

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You have no existing loan. This is very good for your credit.

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Your CIBIL score is 790+. It shows your discipline with credit cards.

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You have Rs 5 lakh in mutual funds. This is good for your future.

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You booked a flat for Rs 29.5 lakh. This is a responsible decision.

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Your emergency fund is in place. That’s very important.

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Your SIP is at Rs 15,000 monthly. You are also increasing it every year.

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Your LIC policy is Rs 25,000 per year. Let’s see if it’s worth continuing.

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You have enough income to cover EMI and expenses.

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Floating or Fixed Interest Rate?

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Floating interest rate can change during the loan term.

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Fixed interest rate stays same for the period you choose.

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In India, floating rates are lower in the start.

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Fixed rates are safer if you want to avoid rate changes.

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But in the long run, floating rate can be cheaper.

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Many banks offer floating rates for home loans today.

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You are young and have good income. Floating rate is better for you.

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But if you really feel worried, you can pick a fixed rate.

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It depends on your comfort with changing EMIs.

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Most people in your age group choose floating rates.

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Which Bank to Prefer?

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Most banks and housing finance companies give home loans.

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Public sector banks usually have lower rates.

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Private banks give faster service but can have higher rates.

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You should compare 3 to 4 banks’ rates.

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Look at processing fee, insurance terms, and hidden charges.

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Check if the bank lets you repay faster without penalty.

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Do not go only for banks giving quick approval.

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Look at the full cost and service quality.

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Talk to your bank where you hold salary account.

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They might give you special rates for existing customers.

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Repaying Loan Early – Any Penalty?

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As per current rules, no penalty on floating rate loans.

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Fixed rate loans can have some charges for early closure.

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Check with your bank about prepayment terms.

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If you take a floating loan, you can repay principal anytime.

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This will reduce your interest cost and shorten the tenure.

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It’s good to repay extra when you have surplus.

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Always tell the bank you want it to go towards principal.

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Paying Principal Directly into Loan Account

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Yes, you can directly pay principal into loan account.

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Tell your bank to adjust extra payment as principal only.

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This will cut your interest and tenure faster.

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Keep records of these payments and get confirmation.

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Always keep your EMI paid on time first.

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Are You on the Right Path?

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Yes, you are on the right track.

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You are building assets without overloading debt.

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Your SIPs are increasing every year. That’s very good.

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Emergency fund is in place. That’s key for peace of mind.

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You have no other debt to disturb your future plans.

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Keep tracking your cash flow every month.

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Increase investments as your salary grows.

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About LIC Policy

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You pay Rs 25,000 yearly to LIC.

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If this is an endowment plan or moneyback, returns can be low.

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Traditional LIC plans give 4-5% returns after tax.

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You can surrender and reinvest in mutual funds.

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Mutual funds can give you better returns for long term.

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Please meet a Certified Financial Planner before acting.

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They will check if surrender charges are high or not.

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Stress-Free Tips for Managing All

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Always keep 3-6 months of expenses as emergency fund.

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Your emergency fund is done. Keep topping up if expenses rise.

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Do not overburden yourself with high EMI. Keep EMI within 30-40% of income.

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Keep track of expenses and budget every month.

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Use apps to track where your money goes.

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Avoid lifestyle inflation. Don’t spend more as salary grows.

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Increase SIPs every year. Even 5% hike helps a lot.

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Have term insurance to protect your family.

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Health insurance is also a must-have to protect savings.

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Keep saving for short term goals like holidays or vehicle in separate funds.

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Keep long term goals in mutual funds.

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Do not mix insurance and investment.

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Some More Insights for 360 Degree Planning

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Review your loan terms every year. Banks may reduce rates for good borrowers.

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If you get bonus or extra money, use some to repay home loan.

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Some part can go to investments too.

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Balance between loan prepayment and investment growth.

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Home loan interest gives tax benefits under Section 24(b).

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Principal repayment gives benefit under Section 80C.

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But don’t just take loan for tax benefits.

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Your CIBIL score is good. Keep paying bills on time.

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Never max out your credit card even if bank offers limit hike.

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Avoid multiple loans at the same time. Handle one at a time.

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Don’t get too many credit cards. One or two is enough.

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Keep one trusted bank as your main banking partner.

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Have a separate account for investments. Don’t mix with expenses.

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Meet a Certified Financial Planner once a year. They will help keep you on track.

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They can show better investment options for your future.

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Your Mutual Funds and SIP

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Your SIPs are mainly in ELSS and small cap.

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Small cap funds are good for long term. They are risky though.

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Keep increasing SIP in line with salary growth.

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Keep some in large cap or balanced funds too for stability.

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Small cap alone can be volatile in market fall.

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ELSS is good for tax saving and long term wealth.

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Don’t stop SIPs even if market is down.

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Stay invested for 10-15 years for best results.

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Avoid index funds as they only follow market. They don’t try to beat it.

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Index funds have no active research or fund manager.

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Actively managed funds have experts to find better stocks.

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They can give better returns in Indian markets.

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Direct Funds vs Regular Funds

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Direct funds save you commission cost but you must track and manage yourself.

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If you don’t have expertise or time, regular funds are better.

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Regular funds through a Certified Financial Planner give you advice too.

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You get ongoing support, rebalancing, and better guidance.

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Direct funds are good for experts only.

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About Real Estate

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You are buying a home to live in. That’s fine.

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Don’t see real estate as an investment only.

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Property can give security but also has costs.

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Maintenance, taxes, and repairs can eat into returns.

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Always keep your home loan EMI and investments balanced.

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Finally

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You are on a steady and thoughtful financial journey.

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Keep your good habits alive. Don’t stop saving and investing.

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Meet a Certified Financial Planner for full review every year.

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Life goals can change. You need a plan that can change too.

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Don’t get stressed. You have built a solid base already.

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Keep it going. You will reach your dreams step by step.

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Best Regards,

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K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment
Asked on - Jun 02, 2025 | Answered on Jun 02, 2025
Listen
Thank you so much for your valuable advice.
Ans: You're welcome! If you have any more questions or need further assistance, feel free to ask. Best wishes on your financial journey!

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam Kalirajan  |9752 Answers  |Ask -

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Hi I am currently 30 years of age and I would like to ask about an investment where I'm going to make on a flat purchase of 46 Lacs with down payment of 16 Lacs along with a loan of 30 Lacs with a current salary of 50050 rupees per month... So I would like to know the loan tenure would be best suited for me to manage my savings for the future along with my daily expenditure?
Ans: Investment Strategy for Flat Purchase
Purchasing a flat can be a significant financial decision. As a Certified Financial Planner, I appreciate your initiative in seeking advice.

Assessing Your Financial Situation
You have a salary of Rs. 50,050 per month. Your down payment is Rs. 16 lakhs. You plan to take a loan of Rs. 30 lakhs. It's crucial to balance your loan repayment with your daily expenses and savings.

Evaluating Loan Tenure
For your situation, a longer loan tenure can lower your EMI. This means more manageable monthly payments. However, this will increase the total interest paid over the loan period. A shorter loan tenure will result in higher EMIs but lower total interest.

Balancing Savings and Expenses
With your monthly salary, aim to keep your EMIs around 30-40% of your income. This ensures you have enough for daily expenses and savings. For a loan of Rs. 30 lakhs, consider a tenure of 20 years. This will make your EMIs more affordable.

Planning for Future Savings
Allocate funds for emergency savings, retirement planning, and other goals. Ensure you have at least six months of expenses saved for emergencies. Regularly review and adjust your financial plan.

Final Insights
Balancing a home loan with savings and expenses requires careful planning. Choose a loan tenure that suits your monthly cash flow. Keep your long-term financial goals in mind.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam Kalirajan  |9752 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 10, 2024

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Good Day Sir, I am 33 now and both husband and wife earning around 1.6 lakhs per annum. We are renting a home of 18000 PM. Total expenses are 1.3 lakhs per month(Including Insurance, basic expenses, term, mutual fund). Investing 21000 PM in mutual fund, want to take a home in city like Noida of around 65 Lakhs. Loan would be around 50 lakhs for 20 yrs of time frame. Current savings is around 20 Lakhs. Can I take a home on loan now or should I wait?
Ans: Assessing Your Current Financial Situation
Income and Expenses
You and your spouse earn around Rs 1.6 lakhs per month.

Your total expenses are Rs 1.3 lakhs per month.

This includes rent, insurance, basic expenses, and mutual fund investments.

Savings and Investments
You are investing Rs 21,000 per month in mutual funds.

Your current savings stand at Rs 20 lakhs.

Home Purchase Consideration
You want to buy a home in Noida worth Rs 65 lakhs.

You plan to take a home loan of Rs 50 lakhs for 20 years.

Financial Stability and Decision-Making
It's crucial to understand the impact of this decision on your financial stability.

Buying a home is a significant financial commitment.

Evaluating the Home Loan Option
Loan Details
A home loan of Rs 50 lakhs for 20 years.

Monthly EMI will depend on the interest rate.

EMI Impact on Monthly Budget
Calculate the EMI to understand its impact on your monthly budget.

Ensure the EMI fits within your budget without straining finances.

Comparing Renting vs. Buying
Currently, you pay Rs 18,000 per month in rent.

Compare this with the expected EMI.

Buying a home may offer long-term benefits.

Pros and Cons of Buying a Home Now
Advantages of Buying Now
Fixed Asset
Owning a home provides a sense of security.

It's a long-term investment for your family.

Appreciation Potential
Property values in Noida may appreciate over time.

This can be beneficial for your investment.

Personalization
You can customize your own home to your liking.

This adds to your comfort and satisfaction.

Disadvantages of Buying Now
Financial Strain
A large EMI could strain your monthly budget.

Ensure you can manage all expenses comfortably.

Opportunity Cost
Using savings for a down payment may reduce your liquidity.

Consider the impact on your emergency fund.

Interest Burden
Home loans come with interest payments.

This adds to the total cost of the property.

Alternative Investment Options
Increasing Mutual Fund Investments
Consider increasing your mutual fund investments.

This can help build a larger corpus over time.

Power of Compounding
Mutual funds benefit from compounding returns.

The longer you invest, the more your money grows.

Risk Diversification
Diversify your investments across different mutual fund categories.

This reduces risk and enhances returns.

Regular Funds vs. Direct Funds
Benefits of Regular Funds
Investing through an MFD with CFP credentials provides professional guidance.

Regular funds offer advisory support.

Drawbacks of Direct Funds
Direct funds require more active management.

You may miss out on expert advice and insights.

Assessing the Timing
Market Conditions
Consider the current real estate market conditions in Noida.

Buying during a favorable market can be advantageous.

Personal Financial Goals
Align your home purchase with your long-term financial goals.

Ensure it doesn't compromise other important financial objectives.

Future Income Prospects
Evaluate your future income prospects.

A stable or increasing income can support your loan repayment.

Final Insights
Comprehensive Financial Plan
Create a comprehensive financial plan.

Include your home purchase, investments, and savings goals.

Emergency Fund
Maintain a robust emergency fund.

Ensure you have 6-12 months of expenses saved.

Professional Guidance
Consult a Certified Financial Planner (CFP).

Get personalized advice tailored to your financial situation.

Balanced Approach
Balance your home loan with other financial commitments.

Ensure a comfortable lifestyle without financial stress.

Regular Review
Regularly review your financial plan.

Adjust it based on changes in income, expenses, and goals.

Long-Term Perspective
Keep a long-term perspective.

Consider the overall impact of your financial decisions on your future.

Conclusion
Buying a home is a significant decision.

Assess all factors carefully.

Ensure it aligns with your financial goals and stability.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Ramalingam Kalirajan  |9752 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Oct 22, 2024

Asked by Anonymous - Oct 22, 2024Hindi
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sir i have take home salary of 1lakh and 14000 tax paying monthly, i am in rented house and i have two kids one in 8th and one in 5th and i am 45 year old , how much home loan i should go for? pls suggest
Ans: At the age of 45, with a monthly take-home salary of Rs. 1 lakh and two children to support, choosing the right home loan amount is crucial for your financial security. You are paying Rs. 14,000 in taxes, which impacts your overall cash flow, and living in a rented house further adds to your expenses. Let’s walk through how to make an informed decision regarding the home loan amount.

Factors to Consider
Income and Expenses:

Your net take-home salary is Rs. 1 lakh. Out of this, Rs. 14,000 goes toward taxes, leaving you with Rs. 86,000 for other expenses. Understanding your monthly obligations—like rent, children’s education, and other essential expenses—will help determine how much you can allocate toward a home loan EMI.

Since you have two children, one in the 8th grade and one in the 5th grade, their educational costs are likely to rise in the coming years. Factoring these rising costs is important in your loan planning.

Loan Tenure and EMI Capacity:

Typically, lenders suggest that your EMI should not exceed 40-50% of your monthly income. Since your take-home salary is Rs. 1 lakh, an affordable EMI would be around Rs. 40,000 to Rs. 50,000.

However, since you have other responsibilities like rent and family expenses, it’s safer to aim for a slightly lower EMI—perhaps Rs. 30,000 to Rs. 40,000—to ensure you don’t face financial stress.

Key Aspects of a Home Loan Plan
1. Affordability:

Taking a loan you can comfortably repay without sacrificing your lifestyle is crucial. While banks may offer you a higher loan amount based on your income, it's wise to choose a loan that aligns with your cash flow and family needs.

If you are currently paying rent, don’t forget to factor in that once you own a home, some rent expense will convert into an EMI. However, other homeownership costs such as maintenance, property taxes, and repairs need to be planned for.

2. Tenure:

Since you are 45, it’s recommended to opt for a loan tenure that matches your retirement plans. If you plan to retire by 60, a loan tenure of 10 to 15 years is ideal. This ensures you are debt-free before retirement.

While a shorter tenure increases the EMI amount, it reduces the overall interest burden. A longer tenure, on the other hand, gives you lower monthly EMIs but increases the total interest outflow. A 15-year tenure offers a balanced option for most people in your situation.

3. Interest Rates:

Interest rates vary based on the loan provider and market conditions. Fixed interest rates provide stability, while floating rates fluctuate with the market. It’s important to evaluate which option suits you based on your risk tolerance. A floating rate might be beneficial if interest rates are expected to decrease, but if you prefer predictability, a fixed rate may be a safer bet.

Consideration for Children’s Education
Your children’s education is a major future expense, especially since one is already in the 8th grade and another in the 5th. As they progress to higher studies, costs will increase substantially. This makes it important to strike a balance between loan EMI payments and saving for their education.

A portion of your income should be directed towards building an education fund for your children. You may want to explore mutual funds or other investments that offer potential growth for this goal. This ensures that while you repay your loan, you are not compromising on their education.

Tax Benefits on Home Loan
The new tax regime does not provide significant benefits on home loan interest repayment like the old regime. However, you may want to assess if switching to the old tax regime helps you save on taxes via home loan interest deductions under Section 24 (up to Rs. 2 lakh annually) and principal repayment under Section 80C (up to Rs. 1.5 lakh annually).

It's worth calculating whether the tax savings from the old regime would outweigh the simpler filing process and lower taxes in the new regime. Consulting with a tax expert or a Certified Financial Planner can help clarify this decision.

Rental Expense and Transition
You are currently living in a rented house. Once you buy your own house, the rent you pay will be replaced by EMI payments. However, homeownership brings additional costs like property maintenance, which are not present when renting.

A planned transition from renting to owning will allow you to manage both rent and EMI in the initial period, ensuring you don’t feel overwhelmed by dual payments. Ensuring an adequate emergency fund will also help you manage unforeseen costs related to homeownership.

Emergency Fund and Insurance
Before committing to a significant financial obligation like a home loan, make sure you have an emergency fund. This fund should cover at least six months of living expenses, including loan EMIs, rent, and other essentials. This will safeguard you in case of any unexpected financial stress, like job loss or medical emergencies.

Additionally, securing a life insurance policy that covers the outstanding loan amount is crucial. This ensures that in the unfortunate event of your demise, your family won’t be burdened with the loan repayment.

Home Loan Amount Recommendation
Based on your current take-home salary of Rs. 1 lakh, and assuming you’re comfortable with an EMI between Rs. 30,000 to Rs. 40,000, you could potentially afford a loan of Rs. 35 lakh to Rs. 50 lakh, depending on the loan tenure and interest rates.

However, it's always better to aim for a lower loan amount and keep enough buffer for other future expenses. You may need to adjust this based on your children’s education, retirement goals, and other long-term plans.

Final Insights
At 45, managing your finances well is essential to ensure a smooth transition to homeownership while balancing your children's education and future expenses.

Aim for an EMI that is no more than 40% of your take-home salary to avoid financial strain.

Consider a loan tenure that allows you to be debt-free before retirement.

Balance your loan repayments with savings for your children’s education and future needs.

Explore whether switching to the old tax regime can save you on taxes due to home loan deductions.

Always maintain an emergency fund and secure life insurance for loan protection.

A Certified Financial Planner can guide you in structuring your financial decisions for the future and ensuring a balanced, secure financial plan.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

..Read more

Ramalingam

Ramalingam Kalirajan  |9752 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 09, 2025

Asked by Anonymous - Jun 02, 2025Hindi
Money
Hi, my monthly income is 95,000 inr. I am 25 years old. Currently i have education loan for which my monthly emi is 4.5k. i have a life insurance for which i pay 5.5k every month. I am planning to take a home loan of 60 lakhs, and a term insurance for which i will be paying approx 2.5k per month. How should i plan a home loan, for how many years? My momth expenses are low about 30k. I have a emergency fund of about 3 lakhs.
Ans: You are 25.
You earn Rs. 95,000 monthly.
You have low monthly expenses of Rs. 30,000.
You pay Rs. 4,500 EMI for education loan.
You also pay Rs. 5,500 for life insurance.
You plan a Rs. 60 lakh home loan.
Term insurance premium will be Rs. 2,500 monthly.
You already have Rs. 3 lakh emergency fund.

Let’s look at this from a 360-degree perspective.

Understand Your Current Cash Flow

Before any loan planning, know how much you can save.

Income: Rs. 95,000

Fixed Outgo:

Rs. 4,500 (education EMI)

Rs. 5,500 (life insurance)

Rs. 2,500 (term insurance soon)

Living Expenses: Rs. 30,000

Balance available: Rs. 52,500

This surplus is strong for your age.

About the Education Loan

Loan EMI is Rs. 4,500

You should aim to close this early

Debt closure improves credit score

Try to finish this in next 2 years

Use annual bonus or extra savings

Re-evaluate the Life Insurance

You did not say the type of policy.
If it is ULIP or endowment or money-back:

These give poor returns

High charges and low transparency

They mix insurance with investment

Real financial planning needs separation

If it is a mix product:

Better to surrender it

Reinvest in mutual funds via MFD

Go for term plan only for risk cover

If it is pure term plan: continue it.
If not, replace with a pure term plan soon.

Emergency Fund Situation

You already have Rs. 3 lakhs.
This is 3 to 4 months of expenses.
It is sufficient for now.
Keep it in liquid mutual fund or sweep FD.
Replenish it if used anytime.

Planning the Home Loan

You are planning Rs. 60 lakhs home loan.
That is a big commitment at age 25.
Let’s go step-by-step.

Check Loan Eligibility

Banks allow up to 50–60% of income

Your income allows Rs. 40,000–50,000 EMI

But don’t max out your eligibility

Keep room for other goals

Loan Tenure Decision

20 years tenure is reasonable

Longer tenure means lower EMI

But more interest paid

Shorter tenure means higher EMI

But faster ownership

You can choose 20 years
Start with low EMI
Later, increase EMI step-by-step
This will save interest and reduce tenure

Loan EMI Tips

Keep EMI less than 40% of income

That is Rs. 38,000

Include insurance premiums, SIPs and expenses in planning

Don’t sacrifice emergency or investments

Should You Buy Now or Wait?

Ask yourself these:

Are you buying for own stay or emotional reason?

Will you stay in this city long term?

Do you have at least 15–20% down payment?

Do you have additional Rs. 3–4 lakhs for stamp duty and interior?

Will the EMI allow you to continue SIPs and savings?

If any answer is No, delay by 1–2 years
Focus on building savings for down payment
Then buy with lower loan

Term Insurance – Must Have

Rs. 2,500 premium is reasonable
It will give about Rs. 1 Cr sum assured
Choose cover till 60 or 65 age
Don’t take return of premium policy
It increases premium for no real value
It is better to invest the difference separately

How to Start Wealth Creation Now

You are young. You have time.
Start investing regularly from now.
Use Mutual Funds through Certified MFD

Avoid index funds
They just copy an index
They fall with the market
No protection in downturns
Actively managed funds give better performance
Professional fund managers take active calls
They rebalance when needed
This helps protect capital

Use SIP route
Start with Rs. 10,000 monthly SIP
Increase every year by 10%
Split SIP in:

Large-cap and Flexicap funds

Mid and small-cap (but slowly)

Balanced advantage for stability

Do not use direct mutual funds
Direct funds look cheaper
But offer no guidance
You miss asset allocation advice
You may invest blindly without understanding
Regular funds through MFD with CFP give full hand-holding
They give better long-term experience

Create a Budget Flow

Use this structure:

Income: Rs. 95,000

Fixed: Rs. 42,000 (Education + Insurance + Term + Loan EMI)

Expenses: Rs. 30,000

SIPs: Rs. 10,000 (start slow)

Emergency Fund: Already in place

Balance: Rs. 13,000

This Rs. 13,000 can be buffer
Or used for future loan prepayment
Or used for festivals, travel

Prepare for Short-Term Goals

You may want:

Marriage

Car

Family planning

Create 3-year fund for this
Use short-duration debt mutual funds
Avoid locking in FDs for long
Mutual funds give better liquidity

Tax Planning Tips

Tax savings under 80C are important
Your insurance and loan interest already qualify
Also invest in ELSS funds
They offer tax savings with growth
Lock-in is 3 years only
But invest through regular plans with MFD

Avoid policies that say tax saving with insurance
They give very low returns

Plan Future Home Loan Prepayment

When income rises
Increase EMI by Rs. 2,000 every year
Or do one-time partial prepayment
This reduces tenure
Saves big interest in long run

Also use bonus and incentives for prepayment
Never let loan run full tenure

Don’t Forget Health Insurance

Take a Rs. 5 lakh family floater
Don’t depend only on employer policy
Keep personal policy running
Premium is low at your age

Also take top-up plan later
Medical inflation is real
Stay protected early

Create a Financial Plan With 360-Degree View

Work with a Certified Financial Planner
They help with:

Goal-based planning

Asset allocation

Debt vs. investment balance

Insurance analysis

Retirement planning

You’re just 25. You’ve got time.
But you need right foundation now.

Finally

You’re starting smart.
Your low expenses and savings habit help.
Don’t stretch too much for home now.
Home loan should fit your life goals
Not the other way around

Keep EMI below 40% of income
Keep investing
Build financial assets, not just property
SIP will give you future security
Don’t stop investments for loan EMI
Use Certified MFD with CFP for mutual funds
Avoid index and direct funds
Stay focused for 15 years
You will reach financial freedom easily

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

..Read more

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A 6 digit code has been sent to Mobile

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