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:

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



  2. Vishal3992 says:

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

  3. ashalanshu says:

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



  4. Vishal3992 says:

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

  5. ashalanshu says:

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



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