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Techie laid off with Rs 2 crore home loan, 2 months savings left: "EMI is also pending"
M
Moneycontrol•03-10-2026, 18:34
Techie laid off with Rs 2 crore home loan, 2 months savings left: "EMI is also pending"
- •A tech professional earning Rs 40 lakh CTC was laid off, leaving him with significant financial commitments and only two months of emergency savings.
- •His financial obligations include a Rs 2 crore home loan, a Rs 30 lakh personal loan, and a car EMI for a Mahindra four-wheeler.
- •The techie, who got married last year and is expecting a baby, has been actively job searching for three months without success.
- •He received two startup job offers at Rs 20 lakh CTC, half his previous salary, forcing a difficult decision between lower pay or continued job search.
- •The situation highlights the rapid financial pressure that can build when a high income ceases but loan EMIs continue, sparking discussions on financial planning.
Key Questions Answered
The anonymous tech professional is managing a Rs 2 crore home loan, a Rs 30 lakh personal loan, and an ongoing car EMI for a Mahindra vehicle purchased last year.
He is left with only about two months of savings to cover his everyday expenses and pending loan EMIs while he searches for a new job.
He has received two job offers from startups, but both come with a salary of around Rs 20 lakh CTC, which is nearly half of his previous compensation.
