Comments on: How I Made Rs 1,27,535 in One Day! http://ranjanvarma.com/home-loan-comparison-india/ Changing the way we learn and manage our money Thu, 11 Mar 2010 14:13:22 +0500 http://wordpress.org/?v=2.9.1 hourly 1 By: Ranjan http://ranjanvarma.com/home-loan-comparison-india/comment-page-1/#comment-5600 Ranjan Wed, 03 Feb 2010 16:23:10 +0000 http://ranjanvarma.com/?p=741#comment-5600 In my opinion, it's always better to be debt free, despite the tax benefits of the loan. In any case, you also need to compare your effective rate of interest on your loan and the FD. The effective rate is the net rate, minus the tax implications. In my opinion, it’s always better to be debt free, despite the tax benefits of the loan. In any case, you also need to compare your effective rate of interest on your loan and the FD. The effective rate is the net rate, minus the tax implications.

]]> By: Hari http://ranjanvarma.com/home-loan-comparison-india/comment-page-1/#comment-5590 Hari Wed, 03 Feb 2010 08:41:55 +0000 http://ranjanvarma.com/?p=741#comment-5590 Hi, I am not sure if this is the correct forum to ask this question. I have o/s loan of Rs 7.5 lacs and EMI arounf Rs 11,000. This year I got tax saving to the extent of Rs 88,000 towards housing loan intrest. I am 30% bracket in paying incometax. Now I have Rs 7.5 lacs in Fixed Deposit and paying tax on the intrest. Do you suggest to clear the loan or continue to hold loan? Hi, I am not sure if this is the correct forum to ask this question.

I have o/s loan of Rs 7.5 lacs and EMI arounf Rs 11,000. This year I got tax saving to the extent of Rs 88,000 towards housing loan intrest. I am 30% bracket in paying incometax. Now I have Rs 7.5 lacs in Fixed Deposit and paying tax on the intrest. Do you suggest to clear the loan or continue to hold loan?

]]> By: Links from my Blog « Interestingness Notepad http://ranjanvarma.com/home-loan-comparison-india/comment-page-1/#comment-4523 Links from my Blog « Interestingness Notepad Wed, 28 Oct 2009 13:50:33 +0000 http://ranjanvarma.com/?p=741#comment-4523 [...] August 12, 2009 — How I Made Rs 1,27,535 in One Day! (12) [...] [...] August 12, 2009 — How I Made Rs 1,27,535 in One Day! (12) [...]

]]> By: Links from my Blog | Personal Finance 2.01 http://ranjanvarma.com/home-loan-comparison-india/comment-page-1/#comment-4521 Links from my Blog | Personal Finance 2.01 Wed, 28 Oct 2009 13:48:44 +0000 http://ranjanvarma.com/?p=741#comment-4521 [...] August 12, 2009 — How I Made Rs 1,27,535 in One Day! (12) [...] [...] August 12, 2009 — How I Made Rs 1,27,535 in One Day! (12) [...]

]]> By: Ranjan http://ranjanvarma.com/home-loan-comparison-india/comment-page-1/#comment-3969 Ranjan Mon, 31 Aug 2009 09:01:43 +0000 http://ranjanvarma.com/?p=741#comment-3969 @abhijeet d It's okay not to agree with me. I find your comment very amusing, though! @abhijeet d It’s okay not to agree with me. I find your comment very amusing, though!

]]> By: abhijeet d http://ranjanvarma.com/home-loan-comparison-india/comment-page-1/#comment-3968 abhijeet d Mon, 31 Aug 2009 08:53:32 +0000 http://ranjanvarma.com/?p=741#comment-3968 Hello Ranjan, I don't agree with you at all. You seem to be an agent from some private bank. Refinance always helps in case there is a significant interest difference. -Abhijeet Hello Ranjan,
I don’t agree with you at all. You seem to be an agent from some private bank.
Refinance always helps in case there is a significant interest difference.
-Abhijeet

]]> By: Ranjan http://ranjanvarma.com/home-loan-comparison-india/comment-page-1/#comment-3905 Ranjan Sun, 23 Aug 2009 03:46:17 +0000 http://ranjanvarma.com/?p=741#comment-3905 @Parag You have raised a very valid angle to the case. The benefits would accrue over a period of time and their present value would be different from the total interest cost referred in the post. Thanks. @Parag You have raised a very valid angle to the case. The benefits would accrue over a period of time and their present value would be different from the total interest cost referred in the post. Thanks.

]]> By: Parag http://ranjanvarma.com/home-loan-comparison-india/comment-page-1/#comment-3904 Parag Sat, 22 Aug 2009 23:30:16 +0000 http://ranjanvarma.com/?p=741#comment-3904 I think you are essentially talking about time value (whose analysis is missing) of money as well as opportunity cost. Correct me if I am wrong. I think you are essentially talking about time value (whose analysis is missing) of money as well as opportunity cost. Correct me if I am wrong.

]]> By: Ranjan http://ranjanvarma.com/home-loan-comparison-india/comment-page-1/#comment-3843 Ranjan Fri, 14 Aug 2009 07:45:11 +0000 http://ranjanvarma.com/?p=741#comment-3843 @Sachin That would be a reasonable thumb rule. Thanks. But with the new direct tax code, we may go for the full prepayment (if possible) if the tax benefits are no longer available. @Sachin That would be a reasonable thumb rule. Thanks.
But with the new direct tax code, we may go for the full prepayment (if possible) if the tax benefits are no longer available.

]]> By: Sachin http://ranjanvarma.com/home-loan-comparison-india/comment-page-1/#comment-3842 Sachin Fri, 14 Aug 2009 07:33:51 +0000 http://ranjanvarma.com/?p=741#comment-3842 Sorry, in the last line it should be 'prepay' rather than 'repay'. You always have to repay everything. Sorry, in the last line it should be ‘prepay’ rather than ‘repay’. You always have to repay everything.

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