Buying a House/Flat on Bank Loan - Advantages & Disadvantages
Home loan, an amount of money that an individual borrows from a bank or money lending company at a certain rate of interest to be paid with the EMI (equated monthly installment) every month, is a popular term used while you think of buying a house or apartment.
It is really tough to find someone who hasn’t dream of building a house or buying a flat or apartment, especially in Dhaka. Yet in most cases, the dream has been ruined because of the economic capacity of people.To avail, a sufficient amount to buy a house or flat is a privilege that only a few people can enjoy.
Due to this reason, people who wish to own a house/apartment in Bangladesh end up taking a home loan. Usually, you would notice that at the end of the profession people used to manage a sufficient number but still face a lack of money. However, the best alternative in any condition of borrowing money is a Bank loan, now this opportunity is looking so lucrative.Before deciding whether to go for a home loan or not, you must conduct a thorough analysis.