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Buying a ₹1 crore house? Here's the monthly salary you need to afford the home loan EMI comfortably
Mint 1 hr ago·11 Oct 2026, 7:13 am
Planning to purchase a ₹1 crore property requires careful financial planning. A home loan of ₹80 lakh at an 8% interest rate over a 20-year tenure results in a monthly Equated Monthly Installment (EMI) of approximately ₹66,900. This figure is a critical starting point for assessing affordability and ensuring the loan does not become a burden on your monthly budget.
For investors, this scenario highlights the importance of maintaining a healthy debt-to-income ratio. Lenders typically prefer borrowers to have a stable income that comfortably covers their loan obligations along with other living expenses. It is essential to factor in additional costs like property taxes, insurance, and maintenance to avoid financial strain.
Investors should monitor their monthly cash flows and consider how long-term debt commitments might impact their ability to invest in other assets. Before committing, it is advisable to explore different loan tenures and interest rates to find a repayment schedule that aligns with your financial goals and risk tolerance.
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