Hi need guidance over Home Loan. I have booked a house of 1.25 Cr.and have 25 lakhs available for Down payment. Which is best scheme we should select here as with 3 years fixed EMI with Bajaj finance Or HDFC/ICICI Bank 8.5% RoI, we have 3.5 years in possession and expecting baby in few months.
Ans: Firstly, many congratulations on the baby. Further, please move ahead with EMI which is cheaper over a long run, kindly read through their EMI schedule and ensure principal is repaid faster than the interest amount.
Other financial experts on the panel can guide you better on this.