how much is the loan amount and interest rate? that might help to decide.
Can I use Account 2 EPF?, To pay home deposit
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 Jun 25 2016, 05:32 PM
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Jun 25 2016, 05:55 PM
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QUOTE(syirbiznatch @ Jun 25 2016, 05:41 PM) Personal loan is RM40,000 with interest 6.45%. I have paid RM9,000 til today so left with RM31,000-ish that cost me almost RM450/monthly My suggestion is use the EPF account 2 to clear off the personal loan, and use that RM450 monthly for saving. You need to cover back the money that has been taken out from EPF. EPF offering 6.xx% dividend which is quite high. Or you might want to clear CC first since the interest rate might be higher than your personal loan. |
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