I purchased a home in Bangalore, and to be honest, the only practical option for me, was to take out a home loan for it. I didn't have enough money to buy a house outright because of Bangalore's exorbitant real estate prices. It's true that the overall outflow from paying EMIs over time exceeds the property's initial cost. However, I still think it's the best choice to buy house in Bangalore on EMI, as it lets you pay a reasonable amount without using all your savings.
Is it Good to Buy a Home on EMI?
Asset Building: Your ownership of the property increases with each EMI you pay.
Tax Benefits: You can claim deductions under Sections 80C and 24(b) for home loan installments.
Rent vs. EMI: Since rent in desirable neighbourhoods is already costly, making EMI payments feels more like an investment than spending.
Your dream of becoming a homeowner is made possible by EMIs.
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Is it Good to Buy a House in Bangalore with EMI?
Dhriti89
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4 months
2025-07-15T09:51:08+00:00 2025-07-15T09:51:22+00:00Comment
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