Site icon Jagoinvestor

Get rid of home loan first or invest money somewhere else ?

Me and my wife have taken SBI home loan for 30 lacs and EMI is Rs 38025. We both are working and have income salary Rs 50K per month.

I am confused whether I should invest some money to other places like FD, RD or MF OR should transfer all our savings into Loan OD account to get rid of home loan soon?

Please advise. Also tell me where and how much we should invest?

Exit mobile version