Before taking a loan from banks for buying a flat. Consider the following... If you take 30Lakh loan for a tenure of 30 years. The total amount you will be paying back to the bank is 1 Crore. Just imagine... to get just 30Lakhs from a bank, you become a slave and work hard for the bank to pay them 70L extra + 30L they gave you. Some may argue... that the flat can be sold for much higher after 30 years, good luck with that. Because your profit will only be Selling Amount - 1 Crore - loss in valuation due to inflation. Take Care of your money get out of debt...
Posted on: Fri, 13 Jun 2014 13:30:16 +0000
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