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What percentage of your income should you spend on home loan EMI?

What percentage of your income should you spend on home loan EMI?

Wednesday, May 10, 2017, 4:13 PM

House-related expenses, be it loan EMIs (equated monthly instalments) or rent, can also affect your cash flow. House-related expenses such as loan EMIs or rent should not exceed 40% of total income. In today’s uncertain job market, managing a fixed expense like an EMI, especially when it is high, can be a big challenge.
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