I am single earning member in my family with two school going daughters. I wish to buy home and budget is not more than 25 lakhs . I am now at 45, and 15 years service leftout to me. Now i am in rented house with 6500 rupess per month. My monthly salary is 40,000., no extra income . Is it advisable to buy home now at this age with family commitment or should i continue in rented house. I have no savings at present except meagre quantity jewel. No property. what s your advice?
Home loans not only helps you get a shelter but also builds your dream home. As long as you can manage calculating INCOME – SAVINGS = EXPENSE you can take a loan. Considering your budget, income and age factor I would suggest you to opt for a home loan. There are some personal finance companies which offers you home loan at the affordable rate of interest.
Bajaj Finserv Lending provides Group Suraksha a term insurance plan to protect ones family from the burden of loan repayment in case of death of the loaner.
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