Home Loan

Ram asked 8 years ago
Hi Sir, Hope u and ur family are doing well.. I am planning to buy new house..please suggest good bank (home loan) and if possible please suggest good location in CHENNAI. As well as i am opening PPF account and how much should i start investing ..i am 28 now..
3 Answers
Sreekanth Staff answered 8 years ago
Hi, I am doing good, thank you! How about you? Is this for self-occupation or for investment (rental income)?? Location - I am not that well-known about the locations in Chennai for real estate investments. PPF is decent long-term savings option. The amount of contribution depends on your allocation to other investments and financial goals. Related articles : https://www.relakhs.com/retirement-planning-calculator-3-easy-steps/ https://www.relakhs.com/calculate-kids-education-goal-amount/ https://www.relakhs.com/list-of-best-investment-options-schemes-in-india/
Ram answered 8 years ago
I am doing fine, THanks!!!   Its for self occupation..
Sreekanth Staff answered 8 years ago
Hi, Considering the current real estate market in Chennai and home loan rate structure, may be this is a good time to buy a house for self-occupation. If eligible, you may try to get a loan from SBI. Related article : https://www.relakhs.com/mclr-new-lending-rate-bank-loans-w-e-f-apr-2016-details-components-review/
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