Home loan part payment

[Soru]

Please suggest which one is good: part payment in home loan or invest the same amount somewhere else

 

[TaxWiser]

Please suggest which one is good: part payment in home loan or invest the same amount somewhere else

By the book, it’s best to clear all your loans (liabilities) before making any new investments (assets). However, if you’re an investment expert who can generate substantial returns that significantly exceed your loan interest, then you might consider investing despite the conventional Old School advice. If you can’t achieve such returns, it’s wise to stick to the traditional principles.

 

[deveshnimwal]

Pay your Loan First then think of any new investment.