Advertisement

Advice by Pankaj Gadgil, MD & CEO, Aditya Birla Housing Finance

It’s a dilemma most urban professionals face: should you continue paying rent month after month, or use that same amount to pay an EMI and move closer to owning a home? The logic of “why pay rent when you can pay EMI” is compelling, but the decision deserves careful consideration of financial readiness, lifestyle goals, and long-term benefits.

Rent, by nature, is an ongoing expense with no lasting returns. It provides utility—shelter—but not ownership. An EMI, however, changes the equation. Every instalment contributes to reducing your loan principal, thereby increasing your ownership in a tangible asset. Over time, you are not just paying for a roof, you’re building equity in a property that can appreciate in

See Full Page