minimize interest rate??

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Icon Mini Profile aksh12th




Joined: 30 Jun 2009

Posts: 49

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PostPosted: Tue Jul 21, 2009 7:30 am    Post subject: minimize interest rate??

I took mortage loan before 1 year , i paid lum sum amount for this mortage loan.so my emi has changed and interest rate is also changed.

I have personal loan with more interest rate.If i pay some amount then interest rate will be deducted ??

IF not then let me know what are the way to minimize interest rate??

Thanks....!!!
Icon Mini Profile timcrouchman




Joined: 20 Jul 2009

Posts: 52

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PostPosted: Tue Jul 21, 2009 9:43 am    Post subject:

as a rule of thumb always prepay for the loan having maximum interest rate.
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