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How to earn more money and get loan as early as possible to buy a decent house in decent place? |
Just last month I took a job ,I get good salary of 9500/- but with this amount I need to look after my sons school expences and our house expences as well. Instead of taking house on rent I feel if I purchase house I can treat the instalments of loan just as my monthly rent which I would have paid and at one time this house would be mine some day . the type of house I am looking for are costing about 20 to 30 lakhs,so from where to arrange for loan as my job is new and I have no property or gaurantor to loan formalities . I am planning for another job also will I be able to work at two places or can you suggest me something where I really dont require to work and some type of investment or anything else would help me though my finance problem. I am very hard worker I just need guidence for my plans and some method to earn more money how much minimum installment will I be required to pay ,so that I try to increase my income accordingly Shivangi, your current salary is too low for you to be able to buy a house worth 20 to 30 lacs !! You have to atleast double your income before you can apply for a loan of 15-20 lacs for 20 yrs! Also, you must have with you atleast 15% of the total cost of the flat ready as the bank will only finance about 85% of the total cost. Also, you need to work for atleast a few months before any loan can be taken. The only option you have right now is to try and get a job with a better salary, invest in a very good mutual fund with your spare money for 2-3 years and for now stay on rent. With time, you might be able to afford a place of your own but it's too soon right now !! All the best ! if u hard worker first make good salary It seems u r in India. Join politics.U can earn without working like the politicians. h/o it can be With a computer at home and internet connection,you can start earning from home,without any investment. You should choose your work at home job according to your skills and time available. |
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