Ermm bro no, hire loan is simple interest. If you convert it to reducing interest the rate will be higher than housing loan.

Anyway you can’t change that already, the interest rate is already fixed when you buy the car. The 2.7k rebate that you will get is far less than what you’ll get if you invested that money elsewhere and pay your car loan as usual.

Unless you wanna free up your cash flow, there’s no reason to pay up your car loan. The interest is already incurred, just go with it.

Understood. This give me an idea settling my car loan is not a wise choice. I will put in my housing loan then since mine is semi flexi.. Can take out if I need it for emergency purpose which is unlikely. Then I can reduce my principal amount which resulted lesser interest rate incur.

yep, good call. For me, if I have 30k, I'll probably take out 20k to invest, 10k to housing loan hehe just saying.

so even if my investment didnt perform I don't wholly lose it.