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Is it better to repay fixed/floating loan
September 20 2012 , 07:39 PM   #1
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sanras's Avatar
 
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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 ?
September 20 2012 , 10:20 PM   #2
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My Mood: Fine

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.
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