Hi fishes, need your advice. I want to buy a 2 bhk flat most probably next year or so and a car in january. I have funds to purchase a car and for flat i will going to take home loan. Is it ok to take loan for car payment as well keeping my funds with me.. ?

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Completely depends on the cost of the car / home. As the inflation is higher, interest rates are high. In this case it makes sense to invest some / whole of the amount that you have with you in the house to bring down the Emil & interest (if the cost of the house is high). Also in another terms - if you keep the ones with you and take home loan & a car loan, the loan interest will be much higher than the savings interest rate. But if this the only amount that you have, you hen you should save some for emergencies

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I want to know if it's a good idea to foreclose a home loan, I have like 14 lakhs for 11 years... Initially it was 28 lakhs for 30 years, I brought it to this amount in 2 years. Unable to weight the pros and cons. Is it good to foreclose or leave the loan to go on and start investing the money

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Hello Fishes

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