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Bengaluru Man Sparks Debate After Buying Rs 3.6 Crore Flat on Rs 4.3 Lakh Salary
M
Moneycontrol•06-10-2026, 09:59
Bengaluru Man Sparks Debate After Buying Rs 3.6 Crore Flat on Rs 4.3 Lakh Salary
- •A 35-year-old Bengaluru man ignited a major Reddit discussion after purchasing a Rs 3.6 crore flat as the sole earner, taking on a massive Rs 3.24 crore home loan.
- •With a monthly salary of Rs 4.3 lakh, his estimated EMI of Rs 2.24 lakh would consume over half of his take-home income over a 30-year tenure.
- •The buyer already owns a debt-free 2BHK in the city valued at around Rs 80 lakh, providing him with a significant asset cushion.
- •Reddit users were sharply divided, with some advising him to cancel the deal immediately while others suggested aggressive prepayment or selling his existing property.
Key Questions Answered
A 35-year-old Bengaluru man earning Rs 4.3 lakh monthly booked a Rs 3.6 crore flat, paying Rs 36 lakh as a down payment and taking a Rs 3.24 crore loan from SBI at a 7.4% interest rate for 30 years, resulting in an estimated monthly EMI of Rs 2.24 lakh.
The buyer already owns a debt-free 2BHK apartment in another Bengaluru locality, which is currently valued at approximately Rs 80 lakh and provides a significant asset cushion.
Reddit users were sharply divided; some urged him to cancel the deal immediately because a single income makes the commitment too risky, while others suggested selling the existing 2BHK, renting it out, or saving aggressively during the construction period to prepay the principal.
