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House buy in cash or finance ?

Afzal's picture
Submitted by Afzal on July 18, 2009 - 04:40

After waiting for almost 3 years me and my wife finally found a good flat in Mumbai. I think its a good deal. The flat will cost me 35 Lakh.

I do have somewhere 50 lakh in deposits etc.

Should I pay down all amount upfront or go for home finance.Banks don't give me rate of 11% for my deposits but they will definitely charge me 11% for home finance interest.


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