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  #1  
11th November 2016, 04:22 PM
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Should I save excessive money to repay remaining EMIs of Education Loan?


I have taken an Education Loan of Rs. 8 Lacs and with this amount I have completed my MBA course. Now I am regularly paying its EM but still I can save enough money. So, should I invest this money in somewhere or should I save this money to repay my remaining EMI?




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  #2  
13th November 2016, 06:45 PM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Should I save excessive money to repay remaining EMIs of Education Loan?

It is nice to see that you have completed MBA course with the aid of education loan and repaying it now. The decision whether you should save some more money for repaying in future or invest depends on the stability of your income. If you have a stable source of income , then you should invest the excessive amount rather than having for future EMIs. If it is not a stable source of income, you should go for saving option since missing EMIs will result in penalty.
Do you have any question? or have anything to say?



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