Dear Manish/Ashal,
I have just finished your book ” How to be Your Own Financial Planner in 10 Steps”
Superb book, good effort in simple language, started implementing some actions based on it.
Currently i have this query
I have 2 Home Loans
23 Lacs from HDFC @10.65% interest and 10 lacs from SBI with Max Gain @ 10.25%
Now every month i have a surplus of about 20-25K but getting confused what to do out of 3 options as below:
1. Invest in MF approx return 12-14% in long term interest free (Non guaranteed)
2. Repayment of HDFC Loan saving of 10.65% interest but losing on income tax front (but getting debt free)
3. Keeping in Maxgain and saving 10.25% interest and losing on income tax front. (assured saving and liquid money)
As i have 2 home loans i take interest benefit in SBI loan(upto1.5Lacs) and full interest deduction in HDFC loan after showing rent income.
Please advice on this.