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Subzero
Side Hero Username: Subzero
Post Number: 6010 Registered: 04-2008 Posted From: 59.93.73.27
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, January 24, 2011 - 08:46 pm: |
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Pkfans:loan vs shelling out cash while purchasing a property (/house) in India.
loan is better. u get some tax benefit. moreover, it is advantageous becuase u can invest that money. Eg :- u have 20 lakh cash, still u took home loan for 20 lakh. u can invest the 20 lakh cash at hand for 20 years. in 20 yrs, u pay about 40 lakh for home loan. in these 20 yrs, the original 20 lakh invested will be doubled two timies even if u invest in some postal deposits, where the money is doubled in 8 years and 7 months, after end of 9th year = 40 lakh invest this 40 lakh again and at end of 18th year = 80 lakh if u invest the initial 20 lakh in mutual funds, the returns will be more than this |
   
Scallion
Side Hero Username: Scallion
Post Number: 6701 Registered: 05-2009 Posted From: 206.123.17.17
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, January 24, 2011 - 02:15 pm: |
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Mrhyderabad:If you can put your money to work where you can get more than 15% returns then go for loan.
exactly Jai NTR, Jai Jai TDP |
   
Jalsa
Moderator Username: Jalsa
Post Number: 15296 Registered: 02-2008
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, January 24, 2011 - 01:29 pm: |
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hyder cheppinattu very simple logic. |
   
Jalsa
Moderator Username: Jalsa
Post Number: 15295 Registered: 02-2008
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, January 24, 2011 - 01:28 pm: |
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NRI ki tax benefits emuntayi property kontey? |
   
Mrhyderabad
Side Hero Username: Mrhyderabad
Post Number: 9021 Registered: 01-2008 Posted From: 167.230.38.120
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, January 24, 2011 - 01:05 pm: |
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Pkfans:
very simple If you can put your money to work where you can get more than 15% returns then go for loan. But if you are a conservative investor and keeps cash in the savings accounts / FD then buy with cash. Don't say you don't have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michaelangelo, Mother Teresea, Leonardo da Vinci, Thomas Jefferson, and Albert Einstein |
   
Pkfans
Junior Artist Username: Pkfans
Post Number: 268 Registered: 04-2007 Posted From: 131.107.0.86
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, January 24, 2011 - 01:01 pm: |
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Could you please share your thoughts on going for a loan vs shelling out cash while purchasing a property (/house) in India. - NRI Tax benefits - Other benefits for going/not going for a loan - Hidden risks for going/not going for a loan - Know risks for going/not going for a loan - etc. etc. I’m looking to know your opinions and suggestions that would help to make a decision |