Okara
Prime Minister (20k+ posts)
Sir your calculations are not correct.اگر اپ اج 10 ہزار روپے کرایہ دے کر رہ رہے ہیں اور ہر سال کرایہ میں ۱۰ ٖٖفیصد اضافہ ہو تو 20 سال تک تقریبا 68 لاکھ روپے ادا کر چکے ہوں گے مگر پھر بھی مکان کرایہ کا ہی ہو گا۔
Rs. 10،000 rent paid in 20 years ....Rs. 687,300
Rs. 12000 rent paid in 20 years ....Rs. 8,247,600
Rs. 15,000 rent paid in 20 years ....Rs. 10,309,500
If a loan on the house is Rs 3.5M and Interest rate is 5% with amortization of 25 years the monthly payment will be close to Rs20K.
This means the borrower will pay Rs6.1M over 25 years. If interest is reduced to 3% then Monthly will become Rs16.5K.
On 0% loan the amount will be Rs11.66K per month