Reserve Bank of India

Is it safe to take Home Loan for period of 25 years when the current monthly income is less than 30000?

What are the points that one should take into account before deciding the EMI and period of Loan? For the loan period > 17 years, if Reserve bank of India increases the interest rate then all other bank increases? How does it affect to our loan period and EMI? What us the suitable solution if one has to take home loan for more that 17 years? What factors need to check?

Public Comments

1. shorter peroid, adequate housing and life insurance are the most imp factor. If your monthly expenses are low apply for around 15 yrs.