I have taken 2 personal loans last year for some personal reason. Loan amount 200000/- and 320000/- @ 15.5% for 3 and 5 yrs tenure, Paying aroung 14000/- EMI. Now I want to come our from this loan amount ASAP. Is there anyway I can come out from this loan withing 1 year. I dont have money to pay off in one shot. 1/3 of my salary is going EMI.
I know that I have done mistake of taking Personal loan. But I was not having any option that time. Please suggest some solution.