Is your dream home affordable? 33% rule every buyer should know about
Rising housing costs in India are straining household budgets significantly. A recent study has revealed the stark difficulties individuals face in finding affordable housing. The 33% rule advises that no more than a third of one's monthly income should go towards housing expenses. While affordability calculators provide insight into borrowing potential, banks often evaluate additional factors before granting home loan approvals.
Rising housing costs in India are straining household budgets significantly. A recent study has revealed the stark difficulties individuals face in finding affordable housing. The 33% rule advises that no more than a third of one's monthly income should go towards housing expenses. While affordability calculators provide insight into borrowing potential, banks often evaluate additional factors before granting home loan approvals.
