The article is nice but it gives only one side of the story. It says, It is good to go for the loan even if you can afford to buy a house/ shop from your own funds. Here the assumption is that everyone can have interest earnings on his own funds. But the assuption is not correct as the people following Islamic Sharia can not earn interest. Hence it will not be wise to pay Rs. 100 as interest to save Rs. 30 (or 33) as tax. A workable option (even though not the best) solution for such people (who follow Islamic laws abt interest) is to go for loans like Smart Home or Home saver etc. With these loans one can deposit the available funds in the account that the bank opens against the loan. That way they will save the interest. But the money will be available for them to use when/if required.
