Repo Rate vs MCLR linked Home Loans

With the recent introduction of 'Repo Rate' based Home Loans from the existing 'MCLR based' Home Loans, the Home Loans are set to change - yet again.
Read on to know more..

The Cost of Lost Opportunity

During vacations, you may decide to visit a hill station, but it comes at the cost of losing the charm of a serene beach. Alternatively, you might decide to go and explore the historical monuments to marvel at their architecture, but it also comes at the cost of losing the fun and awesomeness of visiting a modern theme park.

Here is another one. You might not take any decision, or decide not to go anywhere, but at the cost of all the fun, excitement, serenity, chillness, awesomeness and everything above.

There is a cost attached with every decision, or even a 'no-decision'. And that is the Cost of 'Lost Opportunity'. Let us study how it applies to your personal finance.