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Is taking home loan for tax-benefits really advisable?

Hi folks, 

I’m interested in buying a property. But I’m thinking if I should opt for a home loan or shall I use the funds that I have.

I’m not able to weigh what would be beneficial for me between these 2 options:

1)Taking a home loan and paying a high interest rate on it for the next 10-15 years or

2) Taking a home loan and saving tax on it?

 

Please advise!

Thanks,

Ms. Ghumre

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