Step 3 of 8: Check the money
Money
What you can afford, how home loans work, payment plans, and the taxes and charges on a new home.
This step covers the money side of buying a new flat in Bangalore. It starts with the home loan EMI, the formula behind it and how the rate and tenure change the total interest. The interest rates guide explains how banks link floating rates to a benchmark, what happens at a reset, and the RBI rules on prepayment. The tax guide covers the deductions for home loan interest and principal under the Income-tax Act, 2025. Other guides compare construction-linked, time-linked and 20:80 payment plans, and explain GST on an under-construction flat. The stamp duty guide gives the Karnataka rates and the registration fee. The last guide covers property tax, maintenance and the corpus fund after you move in. Further guides cover TDS on the purchase price, the guidance value, home loan eligibility, the PMAY-U 2.0 subsidy and the tripartite agreement with your bank. Another guide follows the loan from sanction letter to disbursement. Each guide uses the official source for every rate, with the date it was checked. Use this step to build a full budget before you book, not only the price on the brochure.
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18 guides
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- 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.
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- 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.
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- 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.
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- 3.4 Stamp duty and registration charges in Karnataka
The stamp duty and registration charges on a new flat in Karnataka, with a calculator.
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- 3.5 GST on under-construction homes
When GST applies to a new flat, and when it does not.
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- 3.6 Tax benefits on a home loan (sections 80C, 24(b))
The income tax deductions on home loan principal and interest.
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- 3.7 Recurring costs: maintenance, corpus fund, property tax
The costs that continue after possession, including property tax in Bangalore.
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- 3.8 TDS on property purchase: the 1 percent rule
When the buyer must deduct TDS on a new flat, and how to pay and report it.
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- 3.9 Guidance value in Bangalore: how to check it
What guidance value is, how to look it up, and why it sets the floor for stamp duty.
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- 3.10 Home loan eligibility: how much a bank will lend
How banks size a home loan: income, RBI loan-to-value limits, credit score and documents.
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- 3.11 PMAY-U 2.0: who gets the home loan subsidy
The PMAY-U 2.0 interest subsidy: income bands, the ₹35 lakh house value cap and how to apply.
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- 3.12 Tripartite agreement: buyer, builder and bank
What the buyer-builder-bank agreement on an under-construction flat commits you to.
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- 3.13 Home loan sanction letter to disbursement
The home loan steps after you apply: sanction letter, KFS, agreement and disbursement.
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- 3.14 Home insurance and home loan insurance: what you need
What property insurance and loan-linked life cover protect, and whether a bank can make you buy them.
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- 3.15 Home loan documents and CIBIL score: what banks check
The papers a bank asks for, how a credit score affects the loan, and what pre-approval gives you.
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- 3.16 Home loan prepayment and balance transfer
When paying early or moving your loan to another bank saves money, and what RBI says about charges.
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- 3.17 Section 54: capital gains tax when you sell to buy a new flat
How the exemption works when you sell a house and buy or build another, under the old and new Income-tax Acts.
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- 3.18 Rent vs buy in Bangalore: how to compare the costs
The costs on each side, the numbers to plug in, and when renting longer can make sense.
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