Loan repayment vs Investment

[lone_warrior_ind]

Hi,

Recently Purchased Kia Carens,
On Road 14.7L
paid upfront 2.7L & 12 L loan with per month 8.8% interest for 7 years per month EMI 19.2K

I have 9 lac upfront in my account which is wise
1. Pay 9L in loan amount & finished it in next 2 years,
2. invest 9L in MF or Stocks and let loan at 8.8% once price is Up then I pay loan.

Thanks

 

[Skylar]

Hi,

Recently Purchased Kia Carens,
On Road 14.7L
paid upfront 2.7L & 12 L loan with per month 8.8% interest for 7 years per month EMI 19.2K

I have 9 lac upfront in my account which is wise
1. Pay 9L in loan amount & finished it in next 2 years,
2. invest 9L in MF or Stocks and let loan at 8.8% once price is Up then I pay loan.

Thanks

I have OCD, I personally prefer to clear the loan if I have the full amount upfront.

However, if you’re more of a risk-taker, you might consider investing the amount. Confidence in your investment decisions could potentially yield higher returns. Considering the current market volatility, anything is possible.