Hi sifus, need advise.
If I have a sum of money say 50k, do I dump it into my housing loan or settle my car loan?
Car loan outstanding about 45k, interest is at 2.68%, 5 years to go. If settle now can save around 5k in interest. All calculated by autoworld.com.my loan settlement calculator.

Housing loan outstanding 165k, based on latest statement from bank. Interested at 4.85%. 20 years to go.

I guess settle car loan is better cos HP is simple interest? And use the monthly installment saved from the car to put into house loan each month to reduce principal? (Semi flexi loan)

Pls advise!

This post has been edited by torres09: Feb 17 2014, 11:07 AM