I am planning to buy a property in bangalore. Presently i am working in a PSU earning 30000 p.m. And i can afford 25000 towards EMI. and rs. 1000000 down payment from my savings.
I want to know how much maximum loan i can get? I dont have any other property to pledge.
I have seen a property of 8500000. Which will earn additional rent towards EMI.
Can i pledge that property and increase my loan capacity even before buying that property?