Asked by Anonymous
Financial analysis scenario.
If I have 500k savings, I would like to purchase a property of 450k.
Which of the following is the better choice:
a.) Should I pay all cash up front to save on interest ?
b.) or should I take up 50% flexi loan and park 225k in the current account to offset the interest rate and provide flexibility in case i need cash?
If I have 500k savings, I would like to purchase a property of 450k.
Which of the following is the better choice:
a.) Should I pay all cash up front to save on interest ?
b.) or should I take up 50% flexi loan and park 225k in the current account to offset the interest rate and provide flexibility in case i need cash?
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