Real Estate just happens to be a purchase where you never, ever, stick to your budget. I have heard countless stories where people went to buy a 1 bhk but ended up booking a 3 bhk. A 1000 sq.ft. carpet soon became a 1600 sq.ft. carpet. And then you go about running calculations with your […]
T-Bill vs Repo Rate – Which saves you interest on home loan?
Who doesn’t like to save interest on the home loan? We try to switch from bank to bank (S to H to I), benchmark to benchmark (T-Bill vs Repo rate) in getting that burden off us as much as possible. In fact, just last week a friend reached out with a question on T-Bill vs […]
Home Loan EMI – Impact of Rising Interest rates (& Excel Calculator)
A home loan EMI is a common way to fund the purchase of a dream home. In the last couple of years, as interest rates hit rock bottom, banks offered home loan at rates as low as 6.5% with enough takers. However, as interest rates go up now the original payment plan is threatened. How? […]
[Calculator] What is the cost of 3 month EMI moratorium?
Yes, you still want to go for the 3 month EMI Moratorium. I just want to let you know that this is not free money. It comes with a cost. Here’s the earlier post on the RBI announcement. The update is that this moratorium is automatic. For the next 3 months, your EMI will not […]
[RBI] The Home Loan EMI of the Middle Class
The bottom of the pyramid, the needy and poor got benefits from the Government. The middle class guy who funds all these benefits was left wondering. “Mera number kab Aayega!“. (When is my turn?) Will there be a cash transfer to my account? or free groceries? Will I have to NOT pay electricity bills for […]
Buy vs Rent a house – Which is better? A comprehensive calculator
One of the all time, most argued topics has been buy vs rent a house. I still remember sitting with my friends, years ago, discussing (in fact, arguing) as to which option is better. One of us was for buying a house and the other was clear as to “Never”. I only realised much later, […]
