POSTED BY July 5, 2012 4:05 pm COMMENTS (4)ON
A question came to my mind about prepayment of Housing Loan when you have sufficient funds. I have one Home Loan of about 15 Lacs with 8.5% Floating Interest Rate and 3 yrs old. This rate of interest is bound to increase later. Now I have 15 Lacs in my savings. Should I use this money to prepay the entire Loan or use it somewhere else as investment. Need advise on this. I am sure this doubts will be clear in this forum. Thanks in advance.