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.