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Paying off car loan


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Posted

25k loan with 6% apr 3 years undi.

 

is it advisable to payoff with full amount. Cash bank lo undi.

 

ee three years lo 2,400 interest pay chestha as per amortization.

Posted
1 hour ago, andhrabullet said:

25k loan with 6% apr 3 years undi.

 

is it advisable to payoff with full amount. Cash bank lo undi.

 

ee three years lo 2,400 interest pay chestha as per amortization.

Bank lo antey you get avg 5% interest rate and you pay taxes for your interest, meaning you loosing money , better pay it off.

Posted
5 minutes ago, megadheera said:

Just last month took 70k car loan for 6% interest. Inka 5 years kattali..

Ndukunna appu chesav. 

Posted

as long as you have  2-3 months emergency fund and you think your job is stable pay it off

Posted

401k lo nunchi loan theesukunna nenu .. jot sure good or bad .. but interest kuda 401k lo ke pothadi ani atla chesa

Posted
1 hour ago, Sucker said:

Ndukunna appu chesav. 

Car kosam anna.. poor people kastaalu..

Posted
3 minutes ago, megadheera said:

Car kosam anna.. poor people kastaalu..

Inkoka job kotti 6 months theesey anna. Please anna EMI lu vadhu.🙏 

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Posted
3 hours ago, andhrabullet said:

25k loan with 6% apr 3 years undi.

 

is it advisable to payoff with full amount. Cash bank lo undi.

 

ee three years lo 2,400 interest pay chestha as per amortization.

unless you can have some other means of making at least 10% interest, pay it off. 
it's always silly to invest money on market while you are paying loan.

Posted
19 minutes ago, Sucker said:

Inkoka job kotti 6 months theesey anna. Please anna EMI lu vadhu.🙏 

Ippudu possible a remote .... genuine exp tho

Posted
3 minutes ago, Paamu said:

Ippudu possible a remote .... genuine exp tho

Kashtame but try cheyyali 

Posted
30 minutes ago, megadheera said:

Car kosam anna.. poor people kastaalu..

poor people ki car enduku yaar? cycle ae ekkuva !

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