nikhilk21
TF Select
Hi everyone. I'm planning to take a loan to buy a piece of residential land from a developer. I came to know from the bank people that the interest rate would be lower if I take it as a plot + construction loan wherein there's a tenure from the loan disbursement within which I should've started construction. In Hdfc it is 2 years, SBI it is 3 years and ICICI it is 4 years.
I'm planning to go with ICICI as the construction wait period is longer and anyway I don't have intention to construct as this is more for an investment purpose. I aim to take the loan tenure for 6 years and try to close it by 4. The interest rate offered to me is 8.7% (780+ CIBIL)
As this is my first loan, I'm looking for any general tips and advice. Is it possible to pay emi with credit card?
I'm planning to go with ICICI as the construction wait period is longer and anyway I don't have intention to construct as this is more for an investment purpose. I aim to take the loan tenure for 6 years and try to close it by 4. The interest rate offered to me is 8.7% (780+ CIBIL)
As this is my first loan, I'm looking for any general tips and advice. Is it possible to pay emi with credit card?
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