| Author | Message | ||
     Dada Comedian Username: Dada Post Number: 1780 Registered: 12-2006 Posted From: 125.16.128.122 Rating: N/A |
Then you should go for it ... A loan on an appreciating asset and that too compensation for the other Tax benefit lost | ||
| Filmbuff Comedian Username: Filmbuff Post Number: 1150 Registered: 11-2011 Posted From: 203.83.248.37 Rating: N/A |
Too many mistakes - Nominal rates of interest (not inflation). Btw - i do claim both HRA and house loan interest. As long as the house is self occupied or by parents/ dependents, you can claim interest rate deduction on the house. And you can claim HRA as your own house is in another town. This has been the case for the past many years. Not sure if there is a change now. | ||
| Boston_baba Junior Artist Username: Boston_baba Post Number: 199 Registered: 07-2012 Posted From: 198.175.68.36 Rating: N/A |
yes... | ||
| Dada Comedian Username: Dada Post Number: 1779 Registered: 12-2006 Posted From: 125.16.128.122 Rating: N/A |
How? On top of CTC will they pay anything. | ||
| Filmbuff Comedian Username: Filmbuff Post Number: 1149 Registered: 11-2011 Posted From: 203.83.248.37 Rating: N/A |
Read real interest rates, not real estate rates  | ||
| Filmbuff Comedian Username: Filmbuff Post Number: 1148 Registered: 11-2011 Posted From: 203.83.248.37 Rating: N/A |
India lo inflation is around 8% WPI and probably around 11-12% CPI. Leaving the CPI or WPI part aside, Interest rates are never lesser than the inflation unless you want to drive real interests rate negative (like in Japan since many years) to spur growth. This is based on the equality - Nominal rates of inflation are equal to real interest rates + inflation. Hence real estate rates = N-I. If N is lesser than I, then R is negative which is only adopted in countries undergoing extreme stress. | ||
| Boston_baba Junior Artist Username: Boston_baba Post Number: 198 Registered: 07-2012 Posted From: 192.55.79.164 Rating: N/A |
 | ||
| Boston_baba Junior Artist Username: Boston_baba Post Number: 197 Registered: 07-2012 Posted From: 192.55.79.164 Rating: N/A |
we won't claim HRA benifit & for us, my company compensate for that loss. | ||
| Dada Comedian Username: Dada Post Number: 1777 Registered: 12-2006 Posted From: 125.16.128.122 Rating: N/A |
cannot be possible from this year onwards (assessment year = 2013).....You need to show that you live in another house paying rent...and your Dependant parents are living in the house for which you have taken loan | ||
| Boston_baba Junior Artist Username: Boston_baba Post Number: 196 Registered: 07-2012 Posted From: 198.175.68.36 Rating: N/A |
lot of people claim both HRA, interest rate benifits.... by submitting fake certificates... I am lucky enough to claim both benifits, without faking since my company bears HRA overhead. | ||
| Dada Comedian Username: Dada Post Number: 1775 Registered: 12-2006 Posted From: 125.16.128.122 Rating: N/A |
What is the real inflation rate for you? Do not go by govt's rate of Inflation. And reg. tax saving - you do not save anything..... 1 Lakh in principal - you never get it - sicne we anyway have Insurance policies Plus PF which will anyway total more than 1 Lakh....and Interest is upto 1.5 lakhs.... whereas on HRA - you can get tax exemption upto 2 Lakhs if your rent is 35K per month.... | ||
| Boston_baba Junior Artist Username: Boston_baba Post Number: 194 Registered: 07-2012 Posted From: 198.175.68.36 Rating: N/A |
bhayya... as someone said in this db itself.... interest rate inflation kante takkuva unnappudu... loan ia always best option la undi.. secondly, home loan is the loan with lowest interest rate compared to any other loan.. on top of it.. some tax benifit... so, i would rather invest and spend elsewhere.... instead of pre-paying my home loan... and avoid taking any other loan.... btw.. IMO, LIC & HDFC good in private bank homeloans,,, IOB best in govt homeloans. | ||
| Filmbuff Comedian Username: Filmbuff Post Number: 1147 Registered: 11-2011 Posted From: 203.83.248.37 Rating: N/A |
I would say HDFC, ICICI, Axis and then SBI. SBI is a bit more time consuming and not as flexible. You can check out rates online at places like apnapaisa or policybazaar. There are various other rate comparison sites. | ||
| Chikitha Side Hero Username: Chikitha Post Number: 7892 Registered: 01-2008 Posted From: 170.148.132.136 Rating: N/A |
in order.. SBI, HDFC, LIC, Axis bank  | ||
| King Side Hero Username: King Post Number: 4197 Registered: 08-2008 Posted From: 208.185.201.194 Rating: N/A |
sell Ashton - I'm living an Amish lifestyle. so far so good. | ||
| King Side Hero Username: King Post Number: 4196 Registered: 08-2008 Posted From: 208.185.201.194 Rating: N/A |
I will see it off after construction and builder will be paying the interest till then. Ashton - I'm living an Amish lifestyle. so far so good. | ||
| Rk9 Side Hero Username: Rk9 Post Number: 2020 Registered: 10-2009 Posted From: 207.106.153.252 Rating: N/A |
India home loan waste of money, unless you pay off around in 5 years. | ||
| King Side Hero Username: King Post Number: 4195 Registered: 08-2008 Posted From: 208.185.201.194 Rating: N/A |
which one is best and how long does it take Ashton - I'm living an Amish lifestyle. so far so good. |
