Purva Northern Lights EMI Planning
Purva Northern Lights is a premium apartment project in Bagaluru, close to KIADB Aerospace Park and the airport. Flat prices here are high, so the EMI can also be heavy if you don’t plan it well. Purva Northern Lights EMI planning for purchasers means fixing a loan and EMI that fits your real income and monthly needs. When you plan it right, you can enjoy the flat and still run your home without financial stress.
Purva Northern Lights has 2 BHK, 3 BHK and 4 BHK homes. As a simple planning range, a 2 BHK can be around ₹1.3–₹1.5 crore. A 3 BHK can be around ₹1.6–₹1.9 crore, and a 4 BHK can be around ₹2.1–₹2.5 crore. The exact price will change with size, tower, floor and facing.
Most banks give 75–80% of the flat price as a home loan. The rest you must pay as a down payment. On a ₹1.5 crore flat, this means about ₹30–₹37.5 lakh from your side before the loan starts. You also need extra money for stamp duty, registration, GST and basic interiors, so include that in your plan.
A simple safe rule is to keep your home EMI near 30–35% of your net monthly income. If your family's take-home is ₹2.5 lakh a month, a safe EMI band is around ₹75,000–₹90,000. If your family's take-home is ₹3–₹3.5 lakh, an EMI of around ₹1–₹1.2 lakh can work only if other loans are small. Once EMI crosses 40–45% of income, even a short job break or late bonus can shake your full budget.
Below is a rough idea using 8.5% interest rate and a 20-year loan tenure.
- For a 2 BHK at ₹1.3 crore with 20% down payment, the loan is about ₹1.04 crore, and EMI can be around ₹85,000–₹95,000 per month.
- For a 3 BHK at ₹1.7 crore with 25% down payment, the loan is about ₹1.27 crore, and EMI can be around ₹1.05–₹1.15 lakh per month.
- For a 4 BHK at ₹2.3 crore with 30% down payment, the loan is about ₹1.61 crore, and EMI can be around ₹1.35–₹1.45 lakh per month.
- You can put your own bank rate and tenure into this pattern to see your exact EMI.
You can put your own bank rate and tenure into this pattern to see your exact EMI.
EMI is the monthly part of the load. For Purva Northern Lights, you must also keep money ready for down payment, stamp duty, registration, GST and first-level interiors. Interiors include things like wardrobes, kitchen units, lights, fans and safety grills. Try to keep at least six to nine months of EMI plus home expenses as a backup fund after paying these costs.
