09 Mar 2020
I'm a graduating uni student that has a DBS student loan. May I know how can I find ways to grow my wealth i.e. how and where do i invest so that I can pay off the loan asap before getting a BTO flat?
I managed to save up a bit over my uni days however it is not sufficient for me to pay off the bank loan in one lump sum.
Your income would be the main source of your repayment for the loan, which should be your priority rather than investing into high risk products. It might take some time to fully pay off the amount, but surely you will get there so don't give yourself too much pressure. If you think your parents might be able to lend you a lump sum, have a talk with them and work out a plan on how you will pay them back this amount over a couple of years.
As always, all investments carry risks and the returns are not guaranteed as compared to your study ...
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