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Should I sell existing flat to invest in UC property?- Property hotline
Posted
December 16, 2016
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12
December 16, 2016
12
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4:59Now PlayingExpert: Harshil Mehta, CEO, DHFL.
Question: I have taken a loan of Rs 17.5 lakh. Salary is Rs 60,000. Planning on looking for a UC property where I can move in by 2018. Should I sell this flat to invest in UC property, so can pay slab wise?
Answer: You should avail the additional loan of Rs 22 lakh. Close the Rs 17.5 lakh and avail Rs 40 – Rs 42 lakh as the new loan amount. Finance companies provide loan on Under-Construction amount. Payment will be made slab wise.
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