Invest Mutual Funds Online

    As a customer, this means that your down payment requirements go up. The ideal approach for arranging for the amount, of course, is to save and invest towards the goal when it is three to four years away. If you have not followed the discipline, however, you can tap into other avenues to make good the shortfall. To this end, you should look at monetising your liquid assets like fixed deposits or other short-term investments first. You can borrow against these instruments, if it is difficult to liquidate them. Your long-term investments should be tapped only as the last resort. It is best to avoid personal loans and credit cards entirely in this case, given the exorbitant interest rate they carry. Even short-term financial crunch could result in a huge debt burden, leaving you struggling to service both home loan and the personal loan.

    You can explore the option of borrowing against your life insurance policies, jewellery, fixed deposits, mutual funds, stocks or even your retirement-oriented investments including public provident fund (PPF) and employees' provident fund (EPF). Partial withdrawal can also be considered in case of the latter. PF withdrawals will attract tax if made within five years of continuous employment, unless the purpose is purchase of a house or funding your daughter's wedding.