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!!