I pay 15.5 % interest for my mortgage loan of 20lakh rupees . How can I reduce the interest ?
I have a loan of 11.5 lacs for a tenure of 7 years , 19400 / - EMI . I 'll have a source of 8 lacs in the coming 5 months . Should I use that amount to repay my debt or should I deposit it somewhere else and pay the EMI with the interest I get over those 8 lacs ?