EMI vs Rental – Which Should You Opt For?

Date3/1/2022 6:35:51 PM
buy a 2bhk flats in Horamavu, Bangalore or even a 3bhk apartments in gunjur, Bangalore. The price of properties starts from 65 lakhs in Horamavu. Supposedly Sumit pays 30% of down payment and rest 70% through EMI with the interest rate of 7% according to the current RBI regulations. The EMI which Sumit pays will be more than the rent which he will pay for the property. Let’s say the rent of the same property would be 25,000 rupees, lesser than the EMI but in the hind side, Sumit will be paying rent every month without creating any physical asset. This asset creation would improve Sumit’s investment value and can own the property after paying the EMI.

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