A 30-year-old man, like most Indians, took out a home loan and is in a 1.2 crore debt. He has turned to Reddit for help, admitting he has been feeling “paranoid” ever since. The reason, he said, is that he never had a single EMI over a decade, and the sudden financial burden has become “overwhelming” for him.
He also shared his monthly take-home income, which is around Rs 2.2 lakh and gave a breakdown of his expenses.
‘1.2 cr debt’
In his post on Reddit’s “ThirtiesIndia” community, he said, “I recently bought a house for Rs 1.6 crore. I took a loan of Rs 1.2 crore (Rs 1 crore from a bank and Rs 20 lakh from relatives).”
“I have been getting paranoid since I took out the loan. It’s been over a…