Sale of House proceeds is 50lacs. profit from sale of property 15 lacs.
I have student loan 30 lacs.
Should I pay student loan first or buy property. My all transactions are in in INDIA.
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2“Should” is tricky. What’s the interest rate on your student loan? Why did you sell the property? What other property would you buy? How much of a loan would you take to buy the property? Can you afford both payments?– RonJohnCommented Nov 21, 2023 at 16:15
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Why do you want to buy the property? As an investment or to live there?– NosjackCommented Nov 21, 2023 at 17:10
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1Please edit the question to limit it to a specific problem with enough detail to identify an adequate answer.– Community BotCommented Nov 21, 2023 at 17:10
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General rule: If you have a loan at rate L, and an investment opportunity that returns I (after tax considerations), it's usually better to pay off the loan if L > I.– BarmarCommented Nov 22, 2023 at 22:01
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The house sale is irrelevant. However, buying property may have other benefits beside the purely financial, as it may be a place to live.– BarmarCommented Nov 22, 2023 at 22:03
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