Module 3 of 8

Money

What you can afford, how home loans work, payment plans, and the taxes and charges on a new home.

These lessons are in the course plan. Start with one of the published lessons in the full course outline.

1. 3.1

   How much home you can afford (EMI to income)

   How EMI is calculated, and how much of your income it can safely take.

   Planned lesson · Calculator planned

2. 3.2

   Home loans: fixed vs floating, how banks set your rate, project approval by banks

   How home loan rates are set, fixed vs floating, and why bank approval of a project matters.

   Planned lesson

3. 3.3

   Payment plans: construction-linked, 20:80, subvention, and their risks

   How the common payment plans work, and the risk each one moves onto you.

   Planned lesson

4. 3.4

   Stamp duty and registration charges in Karnataka

   The stamp duty and registration charges on a new flat in Karnataka, with a calculator.

   Planned lesson · Calculator planned

5. 3.5

   GST on under-construction homes

   When GST applies to a new flat, and when it does not.

   Planned lesson

6. 3.6

   Tax benefits on a home loan (sections 80C, 24(b))

   The income tax deductions on home loan principal and interest.

   Planned lesson

7. 3.7

   Recurring costs: maintenance, corpus fund, property tax

   The costs that continue after possession, including property tax in Bangalore.

   Planned lesson

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