Need A Financial Product Forums Loans Should I take home loan or pay on my own Should-I-take-home-loan-or-pay-on-my-own_REPLY

#48265

Sam Daniel
Member

Since the possession is 3 years away, for that period your tax savings on interest payments will be restricted to Rs. 30,000. If you take a loan, calculate the interest payments in a year. Deposit the available money in FD. Compare tax savings with the difference in interest payments and receipts then take decision.

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