Results 1 to 2 of 2

Thread: Which should be more beneficial, pre-payment towards Home Loans or Personal Loans?

  1. #1
    PolicyWala Newbie
    Join Date
    Apr 2009
    Location
    Navi Mumbai
    Posts
    15

    Question Which should be more beneficial, pre-payment towards Home Loans or Personal Loans?

    I am paying off EMI's for two loans - home loan and personal loan. Just got bonus. I want to use this money to make additional payment towards the above said loans. Which should be more beneficial, pre-payment towards Home Loans or Personal Loans?




  2. #2
    Administrator
    Join Date
    Apr 2009
    Location
    Chennai
    Posts
    255

    Default

    Always pay high interest loan first. Out of the two mentioned above the personal loan would be high interest loan, so pay this one first.
    You will pick up maximum wrong numbers when on roaming.


Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •