Dhirendra Kumar explains when is it a good idea to prepay the home loan
I am a DIY investor and have invested in mutual funds through SIP for many years. I have a home loan at an interest of 6.9 per cent with an outstanding tenure of 4.5 years. Its monthly EMI amounts to Rs 20,000.
Further, I expect to receive a lump sum money as gratuity proceeds. Should I utilise it for clearing my home loan, or should I invest somewhere else?
-Crish
This article was originally published on February 02, 2022.
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