Need A Financial Product Forums Real estate Confused between different available options of buying house

This topic contains 1 reply, has 2 voices, and was last updated by  Prabhakar Dev 2 years, 7 months ago.

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  • #48490

    I am interested in buying a house that will cost me Rs. 65 lakhs. I have savings equal to this amount. I have though of different options: (a) pay the entire amount of house from my pocket, and (b) pay Rs. 15 lakhs as down payment, borrow Rs. 50 lakhs from SBI for 20 years and invest savings of Rs. 50 lakhs somewhere, but where is the question. Please suggest

    #48491

    Amit Jadhav
    Member

    You should go with 2nd option. Invest Rs. 10 to 20 lakhs in FD and remaining amount in equity funds for 20 years to enjoy benefit of long term investment.

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