Buying a ₹1 crore house? Here's the monthly salary you need to afford the home loan EMI comfortably

Planning to buy a ₹1 crore house? An ₹80 lakh home loan at 8% interest over 20 years means an EMI of around ₹66,900 a month. To afford this comfortably, you would need a monthly salary of around ₹1.5 lakh. Understanding loan tenure and avoiding stretching your finances is crucial while buying a home.