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HomeEducation Education What percentage of your income should you spend on personal loan EMI? What percentage of your income should you spend on personal loan EMI?

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

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

Wednesday, May 10, 2017, 4:42 PM
While it is not advisable to take expensive personal loans, but if one is forced to, the amount should not exceed 10% of one’s income. Combined EMIs of all your loans should not be more than 45-50% of the total income. So in order to be financially fit make sure that you do not exceed these at any cost.
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