I have a personal loan of 13.99% interest which will get over by in another 2.5 years. I could save 80K if I close it by Dec 2017. Is it wise to preclose the loan or invest the amount in equities. Please advise me.
Menu
Preclosure of personal loan or investing in equity
Replies (3)
No one can predict the market or any particular equity for short/medium term...........
Timing market is foolish act........
In Long term equity can give you average 15% to 18%, but not guaranteed......
In general, not advisable to borrow loan for investment!!!
Dear Sir,
Sorry if my question made you to think differently.
My query is, I have invested some money in Equity Market, with that money shall i preclose my personal loan which has 13.99% interest rate or keep the money invested in Equity Market. If I preclose it now I could save around 80K. Is my decission is wise? Please advice. Thank you.
Seems to be better option, provided getting any LTCG in equity........
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
