Banking & Economics
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₹20,000 extra every month: Why paying off your personal loan first may win over an SIP
With a ₹20,000 monthly raise, borrowers must choose between repaying a personal loan or investing in mutual funds. Clearing a high-interest loan first can save more in interest and result in a larger investment corpus compared to…
Key Highlights
- With a ₹20,000 monthly raise, borrowers must choose between repaying a personal loan or investing in mutual funds.
- Clearing a high-interest loan first can save more in interest and result in a larger investment corpus compared to investing the entire amount monthly.
- Desk angle: we track rates, inflation, and bank balance sheets against this headline. Always read the original for filings and quotes.
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Reported by Sanchari Ghosh · Syndicated via official news feed
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