ZoomyPenguin
Need Advice on cleaning the loan๐
Loan Amount: Rs 500000 Tenure: 60 months Offered Rate of Interest as on 11/07/2025: 10.55% EMI: Rs 10760 EMI start date: 05/08/2025 EMI end date: 05/07/2030
I have already paid my EMI from Aug to Nov, Now in Dec I am thinking with my Nov salary that I will pay 1lakh to reduce the Principal amount. And from Dec Salary itself I will start paying 50k extra per month along with EMI and in that way I am able to pay all the amount and become debt free by July 2026.
Is there any other better approach? Pls help me.
6d ago
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