Home Loan EMI vs SIP: Which Is Smarter Way to Plan for Your Dream House
1. Home Loan Method (Buying via EMI) Current house value: Rs 50,00,000 20% Down Payment: Rs 10,00,000 Loan amount (Principal): Rs 40,00,000 Tenure: 15 years (180 months) Interest rate: 8.5% per year Monthly EMI: Rs 39,390 Total interest paid in 15 years: Rs 30,90,200 (Around Rs 30.90 lakh) Total cost after 15 years: Rs 80,90,200 … Read more