A startup founder shares valuable advice for Indian homebuyers, emphasizing the importance of keeping EMIs within a manageable 33% of their income to ensure financial stability and long-term peace of mind.
HomebuyersEmisFinancial AdviceReal EstateBudgetingReal Estate NewsApr 29, 2025
Keeping EMIs within 33% of your monthly income helps maintain a balanced budget, ensures you have enough funds for other essential expenses, and reduces financial stress. It also provides a cushion for unexpected expenses and economic downturns.
Homebuyers should calculate their total monthly income and determine 33% of that amount. This figure will serve as the upper limit for their EMI. If the EMI for the home they are considering exceeds this amount, they should look for more affordable options or save more for a down payment.
Following the 33% rule helps maintain a high quality of life, reduces financial burden, allows for savings and investments, and builds financial resilience. It also aligns with the guidelines used by banks and financial institutions when approving home loans.
Homebuyers can use budgeting apps, financial planning software, and consultations with financial advisors to manage their finances more effectively. These tools can help them make informed decisions and align their spending with their long-term financial goals.
The 33% rule ensures that homebuyers have a manageable debt-to-income ratio, which helps them maintain financial stability. By keeping EMIs within this range, they can avoid financial strain, save more money, and build a robust emergency fund.
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