POSTED BY May 14, 2014 3:18 pm COMMENTS (3)ON
I have personal loan with ICICI Bank for 15.5% roi and emi ends in Jul’15. I have some funds in hand and thinking to pre-close the loan for which they are charging 5% penalty.
Please advise if this is good to pre-close the loan or invest the available funds in FD’s/MF’s. I am looking for safe and conventional source of income and easy to withdraw on requirement.