cash outflow
Have 2 loans running and huge card outstanding
Posted July 30th, 2008 by MildredDate: 2008-05-28 10:20:40
Query : I have a
Home Loan - 12,00,000 @ 11% age 7 months
Personal Loan - 5,00,000 @ 20% age 6 months
Credit Card - 1,50,000 @ regular rates
I want to consolidate these dues as I am able to pay about 40,000 a month for these installments. However, I see that the PL @ 4 years is taking a lot of my cash and I am not left with much disposable to pay off the complete amount due on the cards. I wish to finish the PL and the cards, and probably shift the entire thing on the HL or the likes, because the money from PL was actually spent on furnishing the house.
