January 14, 2015 8:06 pm
I want to know if purchasing a property without loan & invest in SIP (proportion of EMI of Rs.10000 ) will be a good option or not ?
Can I buy a flat by making down payment from my Father’s retirement money and get home loan on my name for rest of the cost?
Is their any complications if I do that?
Thanks in advance.
No , its totally ok . You can do this
Its actually a great situation to be able to buy a property without loan. However I suggest you still take a small loan (like 4-5 lacs) , so that bank from their side make sure the documentation check is done properly !
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