SwirlyBiscuit
SwirlyBiscuit

Finance Knowledge

Hi Guys, I wanted to ask one thing from experienced people here. I want to buy a 2/3Bhk flat worth 70-80 Lac after 5 years and right now I have only 5 Lac savings. How should I plan properly to achieve this, 1 am afraid of taking loan and really scared of debt. Please suggest something.

22mo ago
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SleepyNugget
SleepyNugget
Amazon22mo

Current CTC and CTC for next 5 years will determine if you can save enough. Else taking a loan would be the only option

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Personal Finance
by SwirlyBiscuitAutodesk

Finance knowledge

Hi Guys, I wanted to ask one thing from experienced people here. I want to buy a 2/3Bhk flat worth 70-80 Lac after 5 years and right now I have only 5 Lac savings. How should I plan properly to achieve this, 1 am afraid of taking loan an...

Personal Finance
by BubblyMarshmallowStealth

[NEED ADVICE] Should I buy a house at 23?

Context - Buying as an investment, don't plan to live there. I plan to live on rent. Current rent is 17k/month.

I'll keep it short for max input. I'm looking at some flats priced around 60-70L for a 2BHK. Rent in the area will be ~30k. ...

Comments
user

Are you sure you have researched enough where you will get 2BHK for 60 to 70L and yield 30K? For context I am paying ...

user

Build some more savings first. Make sure you have enough savings that after down payment (assuming parents not involv...