India, March 10 -- A 24-year-old professional working in Hyderabad took to Reddit to ask whether taking an education loan for an MBA could derail his plans to buy a home. In the post, the user said he initially aimed to purchase a house at age 28 with about Rs.20 lakh saved for a down payment. However, he now expects the MBA education loan to delay that goal, prompting him to explore whether buying a home by age 32-35 would be financially feasible.
"I have savings of around Rs.5 lakh. My original plan was to buy a home by the time I'm around 28. I thought I'd save about Rs.20 lakh for the down payment and take the rest on EMI. But now I'm planning to do an MBA next year, which means I'll have to take an education loan. Realistically, I'l...
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