POSTED BY February 8, 2012 3:45 pm COMMENTS (11)ON
I am in dilemma for quite some time so thaught of having your valued feedback.
I live abroad and have plans of buying a house this year. I have made some saving for this
My initial plan was to finance around 50% (around 100k€) from my saving and rest through bank loan.
Since the NRE deposit rates have gone up and as the loan rates are very attractive here (~4.5%), now I am thinking to go for 100% Loan (which is possible here) . I can repatriate back the money from India when I am planning to sell the house
Only risk involved here is forex rate fluctuation.
What is your opinion on this?