u/FederalCity6931

Hi everyone, I need some honest advice before making a big financial decision.

I’m considering a government home loan scheme for a house worth around 60 lacs, with an EMI of about 60k/month for 10 years.

Here’s my family situation:

• We are 4 people in the house
• My father can support household expenses, but probably only for the next 5 years
• My brother is a police officer earning ~51k/month, and currently can’t save much
• One sibling just started a business (no stable income yet)
• I’m a 2nd-year Software Engineering student, earning around 150k/month remotely, and can save about 100k/month — but my income is not fully stable

Current rent: 30k/month

So effectively:

• New EMI = 60k
• Rent saved = 30k
• Extra burden = +30k/month

Plan:

• Me + my brother contribute 20k each
• House ownership would be in my name

My concerns:

• My income is good now, but not guaranteed long-term
• Family income is not very stable overall
• Big commitment for 10 years while I’m still studying
• If something goes wrong, EMI pressure could become serious

60 lacs =EMI 60k for 10year
4 man in house
1 dad only can suport the kitchen for 5 year max
1 police man salary 51k/m can saved zero
1 start business now
1 me erning around 150k can saved 100k/m remote not stable .

what to do should i take it

EMI = 60k the current rent house 30k
60-30 = 30k
?

how will be pay big borther + me 20k/20k the owner ship will be mine -
i am in 2year of uni SE