Overview

• He financed a ₹1.6 crore home with a ₹1 crore bank loan and ₹20 lakh from relatives, triggering his first EMI in over ten years.
• His ₹2.2 lakh monthly take-home is split into ₹75,000 for EMI, ₹45,000 on household costs, ₹25,000 to parents, ₹10,000 dining out and ₹65,000 in savings.
• One Redditor recommended cutting discretionary expenses to free up ₹50,000 each month for prepayments, allowing bi-monthly lumps of ₹1 lakh.
• Multiple commenters suggested converting the loan into an overdraft facility so interest accrues only on withdrawn amounts, offering more repayment flexibility.
• Financial Express commentary highlighted that even high salaries can be offset by debt-induced anxiety and the emotional strains of familial lending.