New Delhi, Sept. 10 -- When you go about buying a Rs.1 crore home, it involves more than just arranging the purchase price. This is because the down payment an individual makes directly influences the size of the home loan, the monthly EMI, and eventually the total interest outgoings.

Though a higher down payment can meaningfully reduce borrowing costs, putting too much of the available liquid cash into the property can leave a household with limited financial flexibility and liquidity.

This calls for proper financial planning and understanding of the basics before proceeding with such a decision. Here we take a look at these downpayment-related challenges and associated aspects in detail.

Atul Monga, Co-Founder & CEO, BASIC Home Loan,...