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Amit Kaushik
04-11-2011, 04:36 PM
I am paying off EMI's for two loans - home loan and personal loan. Just got bonus. I want to use this money to make additional payment towards the above said loans. Which should be more beneficial, pre-payment towards Home Loans or Personal Loans?

Madhura
04-11-2011, 08:57 PM
Always pay high interest loan first. Out of the two mentioned above the personal loan would be high interest loan, so pay this one first.