facebookI 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. - Seedly

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Anonymous

11 Aug 2021

Property

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

Discussion (3)

What are your thoughts?

YuJie Tay

YuJie Tay

11 Aug 2021

Level 4·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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