I think the best option for you is to jump from the city and find another job somewhere that pays off better. If you have obligation to stay on, then please dont go for a housing loan that will eat into ur pocket. Always keep your EMI's below 50 % of your earning. Esp if you are married and have a family to take care of, dont take up hard EMI's. What if you lose your job at least for some months? If you are a bachelor, then you shud be kicked to stay at Rs.2500/-. Go below Rs.1000/- for rent
