Oct 30 2021, 03:24 PM
QUOTE(Hoshiyuu @ Oct 30 2021, 02:22 PM)
Napkin math, on a 40k PTPTN loan:
Lumpsum into investment even at a modest 6% return will get me ~139% ROI or 55.8k;
Lumpsum for PTPTN discount will save me about 6k in interest and 6k on discounts.
55.8k - 12k = 43.8k difference in favor of investing. That's a pretty hefty price for peace of mind...
If my math are off or there are other benefits I'm not seeing, please do let me know though.
Biggest pro is lessening the loan amount in Credit score, looking back this would make a big difference in financial standing when applied for other loans especially earlier in career. Also, PTPTN able to pay with credit card / ewallet and balance transfers and get miscellaneous benefits. Not many other investments can be paid with CC, so consider it as a 12/15% investment on unused credit limit. Lumpsum into investment even at a modest 6% return will get me ~139% ROI or 55.8k;
Lumpsum for PTPTN discount will save me about 6k in interest and 6k on discounts.
55.8k - 12k = 43.8k difference in favor of investing. That's a pretty hefty price for peace of mind...
If my math are off or there are other benefits I'm not seeing, please do let me know though.
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