Buying a Rs 50 lakh home? Your home loan could cost Rs 83 lakh. Bengaluru CA shares a simple financial strategy to beat the interest

A Bengaluru chartered accountant revealed the substantial long-term cost of home loan interest, which can double a property's price. She advocates for a simple strategy: investing a small monthly sum in index funds alongside EMI payments. This approach, she calculates, can generate significant wealth over two decades, potentially offsetting the entire interest paid and leaving a substantial net gain, transforming a financial burden into a wealth-building opportunity.

Raccontata daeconomictimes.indiatimes.com