Date:
Name:
Message:
City : Others
Employment Status : Salaried
Annual Income : 450000
Type of Loan Running : Yes
Loan Running :
EMI Amount :
Tenure :
ROI Loan : Yes
EMI Paid :
Credit Card Holder : Yes
Amount Due :
Loan Running on Credit Card : No
Residential Status : owned
Vehicle Owned : 2 Wheeler
Query : how to reduce my DEBT AS I HAVE RECENTLY TAKEN PEARSONAL-LOAN FROM IDBI @18% OF RS. 450000 AND IF I WIL REPAY WITHIN 6 MONTH PENALTY 6% 6-12 MONTH 3%, FOR MORE THAN 1 YR 2 % ,IF I WILL GET MONEY UPTO 3-4 MONTH IT IS ADVISABLE TO PAY OR I'LL MAKE FIXED DEPOSIT FROM THIS AMT
Date:
Message:
Dear
If you use the funds for a fixed deposit it will give you an interest rate of about 10%. I would suggest you keep the funds in fixed deposit & close your loan only after completion of a year.where you would then have to pay only 2% as foreclosure charges.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi