Question: Can I take a personal loan for a home loan down payment?
Answer: Technically speaking yes you can do that as personal loan funds can be used as and where you need them. Financially speaking it may be a very bad idea as the high interest rates on loans like personal loans will only make repayment tougher with a higher chance of default. Rather create a financial corpus or look at liquidating some investments for home loan down payment money.
Question:
Can I take a personal loan for a home loan down payment? Answer:
Technically speaking yes you can do that as personal loan funds can be used as and where you need them. Financially speaking it may be a very bad idea as the high interest rates on loans like personal loans will only make repayment tougher with a higher chance of default. Rather create a financial corpus or look at liquidating some investments for home loan down payment money. Source: CoolInterview.com
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