Jul 9 2016, 03:57 PM
QUOTE(hwachong @ Jul 5 2016, 10:29 PM)
I will be purchasing a 1m property, and I have 1m cash on hand.
(A) Should I take loan, and put the excess cash in FD? If yes, how much loan should I take? Loan interest is at about 4.5%, and FD interest at 4%
(B) Pay with cash
Which is the better option?
Thank you.
it is better to pay cash if it is for own stay, especially for those who are older or going to retire. peace in mind. (A) Should I take loan, and put the excess cash in FD? If yes, how much loan should I take? Loan interest is at about 4.5%, and FD interest at 4%
(B) Pay with cash
Which is the better option?
Thank you.
in case something happen to you, who will continue the installments? unless you buy MRTA but it is very costly and not worth it.
u need high discipline if put money in FD/ flexi account , you will use it one day.
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