Is it better to repay fixed/floating loan - Indian Real Estate Forum

sanras · 20-09-12

We have 2 loans , one floating at 11.65 % and the other one fixed at 10.75%. We had done a part-payment for the floating loan sometime ago. Now with some more savings we want to pre-pay the loan prinicipal. Can anyone help in knowing is it better to pre-pay fixed/floating loan now ?

jeetcp · 20-09-12

u cannot pay fixed without penalty 2%. U can pay floating anytime.

Usually better to repay. until u have better investment which give u more then 11% return.

20-09-12	#1
sanras New Member Join Date: Sep 2012 Posts: 1 Likes Received: 0 Likes Given: 0	Is it better to repay fixed/floating loan We have 2 loans , one floating at 11.65 % and the other one fixed at 10.75%. We had done a part-payment for the floating loan sometime ago. Now with some more savings we want to pre-pay the loan prinicipal. Can anyone help in knowing is it better to pre-pay fixed/floating loan now ?

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20-09-12	#2
jeetcp Senior Member Join Date: May 2012 Location: Gurgaon Posts: 617 Likes Received: 140 Likes Given: 200 My Mood:	u cannot pay fixed without penalty 2%. U can pay floating anytime. Usually better to repay. until u have better investment which give u more then 11% return.