There is a specific calculation behind availing home loans. And roughly any buyer can get a loan of Rs 20-25 lakh if his salary is around Rs 40,000 and there is no other borrowing.
According to a higher official of HSBC, buyers must opt for floating rate of interest in the current economic scenario while going for any housing loans.
Before applying to home loans any individual must look into his income, current expenses and track record from Credit Bureau as these are very much important for availing any home loan.