Should we use current savings to repay loan?- Property Hotline
August 12, 2016
25
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1:24Now PlayingShould we use current savings to repay loan?- Property Hotline
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as posted by the channelExpert: Kartik Jhaveri, Founder & Director of Transcend Consulting India Pvt Ltd .
Question: I have an existing home loan. Should I use my current savings to repay it and clear it out or should I invest it in some other medium with higher returns? Please suggest such mediums as well.
Answer: Don’t use the surplus funds to repay a loan. Invest funds into equity mutual funds. Let the money grow in MFs and then utilize it to repay the loan.
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