Couple earning Rs 3 lakh per month reject Rs 1.5 lakh EMI: How they avoided a home loan trap, CA explains the math

A Gurgaon couple earning Rs 3 lakh a month decided against buying a Rs 2 crore home that would have required an EMI of around Rs 1.5 lakh. CA Nitin Kaushik highlighted the decision on X, pointing out that the EMI would consume half of their monthly income, leaving less room for everyday expenses, family responsibilities, investments and emergencies.