Option1(Bajaj) 1065900-4000 = 1061900
Option 1(no bajaj) = 1076480
Option2 Outflow :1046480
your emi with option 2 is at 12% and option 1 is at 11.9% or so.
Option 2 makes more sense.
Don't you know anybody in SBI or something. You pay less and don't have to keep a hand on your pocket to protect from pickpockets
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