MagicalSushi

What would you be doing ?

I am a salaried and I have a personal loan emi of 23000 and the loan is pending for 2 more years.

I have an option to close this by paying the complete amount now which would be around 5.5 lakh.

Should I try and close loan first or allow the emi to continue and invest the remaining investable money from the salary ? Or any other suggestions

15mo ago

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JumpyMuffin

Slice15mo

I personally hate having loans so would opt for closing the loan. However, excel/financial sense might or might not siggest otherwise

BubblyBurrito

Stealth15mo

Hey @TeraBaap this msg is irrelevant to the current conversation. I wanted to ask you that as you are working at Slice. Could you please be able to refer me for any entry level Data Analytics role, if they might be hiring?

JumpyMuffin

Slice15mo

I’d prefer finding you a better job but if you want, DM

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Personal Finance12mo

by SqueakyNuggetDeloitte

Can i preclose personal loan early? 19 emi s pending with emi amount 36k

Is it fair idea to pre close?

Personal Finance8mo

by DancingRaccoonSoftware Developer

How do you decide if you should pre close the loan or invest the bonus

I need some insight into what are the factors that one thinks about when deciding it. I have an ongoing personal loan with around 10.4% interest rate, 14 pending EMIs. EMI is ≈15% of my income.