By Admin 
Every person dreams of home. Whether the house is small or big flat, everyone wants to have a house of their own. But it was not easy to fulfill this dream amidst the prices of today’s inflation and sky -touching property. People are not able to buy a house directly with their savings, so most people are making home loans from banks and housing companies and make their dreams a home. But the question is, how many lakhs of people are taking the most rupees home loan? Let’s know the answer.
Now demand for big loan instead of small loan
Till a few years ago, most people used to take home loans ranging from 10 to 15 lakh rupees. At that time the prices of houses were also relatively low. But now the situation has changed. The price of 1BHK house in metro cities has reached 40 to 50 lakh rupees. In such a situation, people are not able to work with small loans. According to the new report, now the demand for maximum home loan is between 30 lakh and 50 lakh rupees. That is, the middle class families are now forced to take such a big loan directly, so that the dream of buying a house can be fulfilled.
Most pressure in metro cities
On average, the prices of the house have gone above 60 lakhs in big cities like Delhi, Mumbai, Bangalore, Hyderabad and Pune. In such a situation, people living here have to take a loan of 40 to 50 lakh rupees. This is the reason that the report of banks says that now the category of loans of 30 to 50 lakh rupees is growing fastest. According to a report, about 40 percent of the customers want to take a home loan of 30 lakh to 1 crore rupees. While 20 percent people are taking loans of more than 1 crore.
Rising EMI and people concern
However, taking such a large loan means the burden of long EMI. If the interest rate on a loan of 40 lakh rupees is 9 percent and the duration is 20 years old, then an EMI of about Rs 36,000 is made every month. This zodiac eats a large part of a common employed person’s salary. This is the reason that people are now making their entire financial planning according to EMI.
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