Tax Saving Bonds Versus Payment to Flexi Home Loan

POSTED BY Vishal3992 ON May 6, 2014 7:06 pm COMMENTS (5)

Hi All,

I am Vishal and I need your help. I have a Flexi Home Loan (Home Saver Loan) @10.5% for Rs 54.6 Lacs for 20 years. I have paid EMI for 8 months.

I have money from my investments around 15 Lacs, what should I do?

Should I invest in Tax saving bonds for 15 years at 8.7% or Should I deposit the money in Home Saver Loan account? I am in 30% tax bracket, Please provide me your thoughts.

5 replies on this article “Tax Saving Bonds Versus Payment to Flexi Home Loan”

  1. ashalanshu says:
    May 9, 2014 at 3:39 am

    Dear Vishal, how ‘ll you get benefit from tax saving bonds? Please share your own thinking.

    Thanks

    Ashal

    Reply
  2. Vishal3992 says:
    May 7, 2014 at 4:17 pm

    Dear Ashal,
    Is there a more benefit by buying tax saving bonds?
    Regards
    Vishal

    Reply
  3. ashalanshu says:
    May 7, 2014 at 3:13 pm

    Dear Vishal, then you are already getting the benefit of less interest outgo. where is the problem in it?

    thanks

    Ashal

    Reply
  4. Vishal3992 says:
    May 7, 2014 at 10:56 am

    Hi Ashal,
    Currently money is kept in home saver loan account.
    Regards
    Vishal

    Reply
  5. ashalanshu says:
    May 7, 2014 at 8:54 am

    Dear Vishal, where is the money as of now? I mean in which instrument?

    Thanks

    Ashal

    Reply

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