HSN Group – Helping You Plan Your Dream Home the Smart Way

Buying a home is one of the biggest financial decisions you’ll make — and proper planning can save you from stress later. At HSN Group, we guide our clients through the full financial calculation so they know exactly what to expect.

Step 1 – Fix Your Budget

• Decide your maximum purchase price based on your income, savings, and monthly commitments.
  • As a rule of thumb: Your home loan EMI should not exceed 40% of your monthly income.

Step 2 – Calculate the Down Payment

• Most banks finance 75–80% of the property cost.
  • You’ll need to arrange 20–25% as a down payment from your own funds.
  • Example:
    • Property Price = ₹80 Lakhs
    • Loan @ 80% = ₹64 Lakhs

• Down Payment = ₹16 Lakhs (plus other charges)

Step 3 – Add Stamp Duty s Registration

• In Bengaluru:
  • Stamp Duty = 5% of property value
  • Registration Charges = 1% of property value
  • Example for ₹80 Lakhs property:
    • Stamp Duty = ₹4 Lakhs
    • Registration = ₹80,000

Step 4 – Include Additional Costs

· Legal s Documentation fees

• Home loan processing fee (0.25–1% of loan)

· Society / Maintenance deposit

• Clubhouse / Amenities charges (for new projects)

· Electricity s Water connection charges

Step 5 – Calculate EMI s Loan Tenure

• Use a bank EMI calculator.
  • Factors: Loan amount, tenure (usually 15–30 years), interest rate (currently ~8–9% p.a.).
  • Example: ₹64 Lakhs loan @ 8.5% for 20 years → EMI ≈ ₹55,000/month.

Step 6 – Account for Monthly Expenses After Moving In

• Maintenance charges (₹2–6/sq ft per month for apartments)
  • Property tax
  • Utilities (electricity, water, gas, internet)
  • Insurance (home C contents)

˙• HSN Group Pro Tip: Always keep an emergency reserve equal to 6–8 months of EMI + household expenses. This ensures you’re financially secure even if your income changes temporarily.

HSN Group – Guiding You from Budget Planning to Keys in Hand

We help you:

• Calculate your exact total cost before buying
  • Choose bank-approved projects for easy loan approval
  • Negotiate with sellers to fit your budget
  • Avoid surprise charges during the process