POSTED BY October 22, 2012 7:01 pm COMMENTS (4)ON
I have taken loan of Rs 2,00,000/- from Bank for 5 years and paying Rs 4800 as EMI from last 2 years.
I checked with bank and they said i can pre pay my loan balance of Rs 1,56,000/-
I have Rs 1,00,000 with me. Just wantde to know is it beneficial to pay off loan early and start SIP for 4800.
If yes then in which all SIP should i invest.
Just as an additional information i am 28 year married guy.