Dear Gurus,
I have around 40 lakhs Fixed deposit and getting monthly interest. I would like to buy a flat which is cost 35 lakhs including stamp duty. Instead of paying lumpsum of 34 lakhs, is it good idea to borrow a loan against my FD, and pay the interest from my interest.
I am retired scenario citizen, you advise will be more valuable to me.
The banker is ready to give Loan against my FD.
Kind regards