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car downpayment or house loan?
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<blockquote data-quote="tankteam" data-source="post: 572881" data-attributes="member: 21755"><p>as mentioned in my 1st post, my home loan is blr - 1.9%. I think blr now is 6.6%. this means my home loan interest is 4.7%</p><p></p><p>I think 2nd hand car interest is 4%. according to ur effective rate which is double of the flat rate, does this means the home vs car interest is 4.7% vs 8% ? so I should put as much downpayment for car as possible? </p><p></p><p>Tq.</p></blockquote><p></p>
[QUOTE="tankteam, post: 572881, member: 21755"] as mentioned in my 1st post, my home loan is blr - 1.9%. I think blr now is 6.6%. this means my home loan interest is 4.7% I think 2nd hand car interest is 4%. according to ur effective rate which is double of the flat rate, does this means the home vs car interest is 4.7% vs 8% ? so I should put as much downpayment for car as possible? Tq. [/QUOTE]
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