People who have taken 15+ Lakh Loan , how are you planning to pay it? I did the maths!
So I got to know my brother who is in EE has taken a loan of 18L for GFTI ( including interest)
| Loan Tenure | Monthly EMI | Total Amount Paid | Total Interest Paid |
|---|---|---|---|
| 5 years (60 months) | ₹36,934 | ₹22.16 lakh | ₹4.16 lakh |
| 10 years (120 months) | ₹22,319 | ₹26.78 lakh | ₹8.78 lakh |
| 15 years (180 months) | ₹17,725 | ₹31.91 lakh | ₹13.91 lakh |
See how high the EMI is ?
Lets consider 20K Home rent wiz in tier-1
| Annual CTC | Approx. In-hand/Month* | Rent | 5-Year EMI | 10-Year EMI | 15-Year EMI | Money Left (5Y / 10Y / 15Y) |
|---|---|---|---|---|---|---|
| ₹8 LPA | ~₹56,000 | ₹20,000 | ₹36,934 | ₹22,319 | ₹17,725 | -₹934 / ₹13,681 / ₹18,275 |
| ₹10 LPA | ~₹69,000 | ₹20,000 | ₹36,934 | ₹22,319 | ₹17,725 | ₹12,066 / ₹26,681 / ₹31,275 |
| ₹12 LPA | ~₹82,000 | ₹20,000 | ₹36,934 | ₹22,319 | ₹17,725 | ₹25,066 / ₹39,681 / ₹44,275 |
| ₹15 LPA | ~₹1,00,000 | ₹20,000 | ₹36,934 | ₹22,319 | ₹17,725 | ₹43,066 / ₹57,681 / ₹62,275 |
Arent these numbers scary? Without a good package it will be very difficult to pay loan and build wealth!
How you guys are planning to do this? my Bro is cooked - I hope he doesnt ask me mai khud gareeb hu
Posted Jul 23, 2026, 10:14 AM UTC
55