Taking loan or buying property in full cash

Q: Buying a property in full cash or taking a loan. What is a
better option? I am planning to invest Rs. 30 lakh in NCR region.

Sanjay Gupta, Delhi-NCR

14th February 2013

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Replies (5)

It also depend on which builder you are choosing and what is the down payment they want. You need to do a market study before deciding.

Tushar Surendren, Delhi

26th February 2013

Comment

I think it is a tough call to decide between the borrowing a good chunk of the price vs. investing in full. it seems to me, taking loan is better as for the same investment amount, you could reap the gains from more than one property, also EMI amount during the holding period as part of investment if I had invested in cash.

Subho Mallik, Delhi

26th February 2013

Comment

Hi, i would like to suggest you that, just invest 15%and try secure a 85% loan on full cost of house + registration + development charges ( this includes renovation after buying resale). Investing more than 15% will be a risk and secondly if you want to invest in multiple properties , then it totally depends on your loan and how much eligible your are to secure the loan.

Neha Srivastava, Delhi-NCR

24th February 2013

Comment

It is always better that , you do leas down payment as always paying as less as possible upfront as downpayment and instead invest in multiple apts. Also i would like to tel u that , take such EMI whic has longer tenure period

Pranjal, Delhi

22nd February 2013

Comment

Hi, i can suggest you that, do not invest everything in cash. The risk of investment increases and i would like to tell you that, it will be easy that if you take half bank loans and half cash

rahul kirmani, Delhi

22nd February 2013

Comment