How to calculate housing loan procedure
Kollipara Sundaraiah (B.com) (2981 Points)
21 March 2023question:
how the loan calculation procedure on it returns based .
Kollipara Sundaraiah (B.com) (2981 Points)
21 March 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(175367 Points)
Replied 21 March 2023
It depends upon many factors like... Age of the applicant, tenure of loan, credit score, existing EMI outgo etc, etc,
As a thumb rule for 25 to 30 years tenure, it is 8/11 times monthly income (less EMI outgo, if any)
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