Hi ! I have a monthly income of Rs.55 K and a total debt of 18 lacs, which consisits of Hsg loan (10.15 Lac), Car Loan (1.65 Lac), Personal Loan (1.15 Lac), friendly loans (1 lac) and Family corrections (4 lac). Currently i stay at a rented house. My fixed out goings are Hsg Loan (12K), PL (6K), Car Loan (6K), Rent (10K). My track record in repayment of loans has been fair as i have had some lapses in the past, but my intentions have been very clear to pay and i have never neglected to face any adverse situation. I have worked out a solution for myself. A top up of 8 lac in my Hsg loan could clear all my debts and i would be able to bring my life back on the right track and plan a better tomorrow for my family and child. The EMI would be around 19 k against the existing (12 6 6)i.e. 24k. Moreover i would be saving on the high interest on PL & CL too. Kindly advice is this the right solution and do i have a scope of approaching the bank where i have my existing Hsg Loan.
Hi ! I have a monthly income of Rs.55 K and a total debt of 18 lacs, which consisits of Hsg loan (10.15 Lac), Car Loan (1.65 Lac), Personal Loan (1.15 Lac), friendly loans (1 lac) and Family corrections (4 lac). Currently i stay at a rented house. My fixed out goings are Hsg Loan (12K), PL (6K), Car Loan (6K), Rent (10K). My track record in repayment of loans has been fair as i have had some lapses in the past, but my intentions have been very clear to pay and i have never neglected to face any adverse situation. I have worked out a solution for myself. A top up of 8 lac in my Hsg loan could clear all my debts and i would be able to bring my life back on the right track and plan a better tomorrow for my family and child. The EMI would be around 19 k against the existing (12 6 6)i.e. 24k. Moreover i would be saving on the high interest on PL & CL too. Kindly advice is this the right solution and do i have a scope of approaching the bank where i have my existing Hsg Loan.
