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
November 5, 2014 at 2:31 pm
#48265
samkapoor77Keymaster
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.