Hi Devang Shah Krish's question is,how can he repay his loan of Rs.40 Lakhs with an income of rs.1.2 Lakh per month (Per annum his savings is 36 % of his debt).
I think he can safely and wisely repay his debt in a span of nearly 3-4 years.
Krish, no need to sell your assets. split your savings according to your debt repay, and invest a good some on quick returns schemas, which can accelerate your debt clearance, while one piece of the split can 'ensure' your debt repayment
RE:Devang Shah' please read the post carefully
by Devang Shah on Jun 05, 2006 12:55 PM
I am really sorry about this. I misread the monthly savings as annual savings.
Just be careful of using any 'quick' return schemes.
