Need help on my Financial Condition!!

POSTED BY KK ON May 15, 2014 7:28 am ONE COMMENT

Hi ,

I have HDFC Ltd home loan of 45L @ 10.25% for 20 yrs . I have paid 4 EMI’s till date (Rs. 44174).

1] I will be saving Rs 15L by June 2015 with help of some overseas assignment. Shall I do part payment of my Home Loan with that or Shall I invest it somewhere? If I need to invest such a huge amount then what are the various options?

2] From next month onwards I will be having 6k surplus money after all my expenses, how to utilise it better?

My Current investment details:-

Employer provided mediclaim for my entire family  (Myself, my wife & my Parents) – 7L each

3 LIC (2 Money back, 1 Jeevan Anand) – Total Premium 50100/year

HDFC Life Term Plan of 50L

FD 1.15L

Real estate of value 13L (Loan Free)

Self occupied home of value 1.05CR  (With 45L loan)

I am 30 yrs old, married and expecting a child in week or two. Living with parents and grandmother

Guys please help me out in arranging my finances better. Thanks in advance!!

One reply on this article “Need help on my Financial Condition!!”

  1. ashalanshu says:

    Dear KK, how about asking for help from a fee paying financial planner?

    Thanks

    Ashal

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