Buying a Flat on Loan

You are telling your friend or colleague that your dad is planning to take a new flat of his own.

You:- Hi, Priya

Priya:- Hi, what happened today you are looking pretty happy..

You:- Yes, after a long time now dad is convinced of taking our own flat.

Priya:- Oh, that's great, Congratulations...

You:- You see there is no use of living in a rental house for your lifetime. Rent is too high these days. Living in just 1BHK, or 2BHK costs not less then 15,000 to 20,000. All this money every month goes entirely in vain. No saving or investment.

Priya:- You are actually correct. If instead of paying this amount to a landlord every month if one does any sort of personnel saving than this will be great at the end of the year.

You:- Actually... so, now dad is planning to take our own flat on loan. There are so many home loans scheme available in todays market. Every bank is providing home loan today and that to at pretty less rate of interest.

Priya:- Hmmmm, you are right this will be beneficial for you and your family.

You:- See now what dad decides. From where does he plans to take the loan. I'm actually very excited for all this.

Priya:- I'm really happy for you....