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Anonymous

11 Aug 2021

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I have 1.8 million home loan (0.68% interest rate) & spare cash 500k. Should I partially redeem the loan or any suggestion to use the 500k for other investments to take advantage of low interest rate.

Redemption Of Property Loan

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YuJie Tay

11 Aug 2021

Financial Adviser at PIAS

With the low interest rate now, I personally feel that there is no rush to redeem the loans. You can consider seeking safe instruments that gives you a higher returns than if you were to redeem the loan.

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Should I refinance my home right now with a renovation loan and take advantage of low interest rates to remodel and add value to my home? Living with my parents, resale HDB 72 years left. Thoughts?

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