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Does Using Cash Advance To Make Part Payment For Housing Loan Help?

I got an offer for cash advance of Rs66000( 8.5% flat,48 EMIs @ 1843 a month). Please help in making a decision. Does it make sense to use this money to make a part payment for H.Loan(I have 6.4 lakh as outstanding) of 10.5%. My latest month 7214 EMI had interest of Rs. 5427 & principal of Rs.1787.
Please help in generic acomplia 20mg making a numerically provable decision.

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This entry was posted on Monday, June 15th, 2009 at 9:26 pm and is filed under Q&A Cash Advances. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Does Using Cash Advance To Make Part Payment For Housing Loan Help?”

  1. Brenda says:
    June 15, 2009 at 4:26 pm

    Not necessary to do exact math if you look at the situation globally. If you can move principal loan value from one situation with a higher interest rate to one with a lower interest rate and not experience fees connected to paying out one or acquiring the other ~ go for it.
    If there are fees involved . . . then the math comes into play

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