Quick answers from AInvested
AInvested is the personal finance service from BISFIOPS Private Limited, Mumbai: home loans, property investment, personal loans and credit score improvement for salaried and self-employed individuals.
How much home loan can I get on my salary?
Banks usually allow total EMIs up to about 50% of take-home pay. On ₹1 lakh a month with no other EMIs, that is typically ₹55–65 lakh over 20 years. AInvested works out your exact figure.
What credit score do I need for a home loan?
Most lenders want 700 or above; 750 and above gets the better rates. If your score is lower, AInvested gives the exact steps to raise it.
Is a balance transfer worth it?
Usually when the new rate is at least 0.5% lower and more than half the tenure is left. AInvested compares the savings after fees.
How do I compare properties as investments?
Look at price per sq ft against the area, and the rental yield (annual rent ÷ price). AInvested shows both, listing by listing, across Mumbai.
Will checking my credit score lower it?
No. Checking your own score is a soft enquiry and does not affect it.