We have looked at “Buy vs Rent” for a house. In this post, let’s extend this argument to a car. Wait, what, a car? Yes, instead of buying a car, you can rent a car. You buy a new car on loan. You pay EMIs for 3-5 years and for insurance and maintenance every year.… Continue Reading
Paytm has launched a feature where you can pay your house rent using your credit card. Usually, we pay house rent through cheques or direct bank transfers. No credit involved. The credit card feature is interesting. From Paytm’s perspective, this feature makes good sense. House rent payment is one of the biggest monthly recurring payments.… Continue Reading
As the interest rates fall, the difference between the house rent and the home loan keeps coming down. Let us say you pay a monthly rent of Rs 20,000. Following are the EMIs for 20-year home loans for different loan amounts and loan tenures. Loan Principal 50,00,000 75,00,000 1,00,00,000 Loan Tenure 20 years Interest Rate… Continue Reading
House rent is one of the biggest non-discretionary expense in the monthly budget. How do you pay house rent? NEFT/IMPS transfer? Cheque? Cash? I believe, if you are reading this article, you are likely transferring rent directly to the owner’s bank account. Or you already own a house and there is no need to pay rent.… Continue Reading
Budget 2020 gave a choice to the taxpayers and a reason to rejoice to the tax accountants. As a taxpayer, you have the following two options. Take tax deductions and continue with the old tax regime Opt for the new tax regime and don’t take tax deductions As a taxpayer, this choice seems relatively simple.… Continue Reading
Should you stay on rent or buy a house on loan? Many of us think of house rent as a waste of money. A common refrain is, “You are already paying so much rent. Why not adding some money and pay the EMI? After a few years, you will also own this house.” In my… Continue Reading
If you are moving to one of the bigger cities such as Mumbai and Bengaluru, finding a cheap accommodation is not easy. Rentals can be quite high too. However, as a tenant, paying high rent is not the only problem. You need to put up a big security deposit with the landlord/owner too. In Mumbai,… Continue Reading
For most young professionals, buying a house tops the list of priorities. Even those who do not believe real estate makes for a good investment, do not have second thoughts about purchasing a house to stay in. Not only does it give you the comfort of living in own house, it also provides financial security… Continue Reading
Real estate is expensive in India, at least in major cities. It is difficult to purchase a house without a loan. And it takes many years to repay the loan. Despite all this difficulty, the desire for house does not end here. For the fortunate few who have been able to purchase their first house,… Continue Reading
When we book an under-construction property, the only outcome that we think of is getting possession of the property in a few years as promised. You either plan to set up your home there or bet that the price will go up quickly. Have you planned for any other eventualities? Likely not. In other words,… Continue Reading