Buy on home loan or cash

[Jatt18]

Can anybody suggest if I shall buy home with full amount I have or take a home loan ?
What should be more beneficial for me ?

 

[AlertsByVivek]

Home loan for sure

1st cheaper loan compare to other loan

You can invest excess money and easily get 12+% of returns on it.

Tax benifits

 

[zacobite]

Home loan for sure

1st cheaper loan compare to other loan

You can invest excess money and easily get 12+% of returns on it.

Tax benifits

take a balance saver homeloan.. keep cash in that.. so no interest.. bank will do good legal / document checks.. wait till possession.. after a few months you can close.. never pay cash for under construction.. investment is all notional..

 

[AlertsByVivek]

take a balance saver homeloan.. keep cash in that.. so no interest.. bank will do good legal / document checks.. wait till possession.. after a few months you can close.. never pay cash for under construction.. investment is all notional..

Which banks provide balance saver ?
Can you specify few PSU and pvt Bank with its name of account?

It will be helpful to everyone

 

[Chitra Thakre]

1) Go for home loan, esp. if you are in highest tax bracket. You save on tax and balance money can be invested in higher yielding asset classes and earn 10-11% post tax return

 

[Kalyan]

Can anybody suggest if I shall buy home with full amount I have or take a home loan ?
What should be more beneficial for me ?

If you have taxable income then it would be better to go for a home loan.