Taking a bank loan is always advisable as it gives you various benefits as below …
1. A Housing loan as it would enable you to get tax exemptions as per Income Tax rules.
2. A Housing Loan can be given by a bank only after all the due diligence of legalities of property so you are always secured in term of property.
3. A Good Loan track record makes bank more comfortable to fund you in case of big requirement in future
