DizzyTaco
DizzyTaco
5mo
by

Need financial suggestion.

Hey guys,

My car loan down to 5.8 lakhs.. and i am thinking of closing this..

I have a running sip of 4 lakhs which i started along with the car loan itself. Also i have a in hand cash balance of about 3lakhs plus around 2.5 lakhs diatributed in stocks..

What will be the best way to clear of the loan as i want to invest the loan amount in sip..

Is it ok to break the sip.?

Thanks

5mo ago
SleepyBurrito
SleepyBurrito

Upto 1.25L cap gains is tax free, so sell and MFs/stocks upto that much gains, and pump into loan. Remaining save up and pump heavily into the loan.

DizzyTaco
DizzyTaco
5mo

I didnt knew that sir thanks so much! 🙏

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