A Comment on which loan to pay off first, if there are many loans

My Comment on an article "Which loan should you pay off first?" published in the economictimes.com Dated 3/12/2014 at 5:10 pm.


"Very useful information given here. 

Highest interest loans should be cleared first and then think of clearing the next higher interest one. 

So generally home loan repayments can be prolonged in order to facilitate clearance of your other higher interest loans. But it does not mean that you can skip instalments of home loans in order to meet your monthly expenses. 


Any type of loan is a loan and it is a burden on you until you clear it. So loans should not be taken in first place. And if you take loan, you should clear it at any cost by reducing your other expenses."

A Comment on Govt. Banks Writing Off Debts of Rs.15,000 crore Annually

	Your comment on the article ''Govt banks write off Rs 15,000 crore bad debts annually'' is now displayed on timesofindia.com Dated 13/05/2013 at 10:55 pm.
	''Very disastrous condition. This burden ultimately results in deficit financing, borrowings, inflation, price rises and additional burden on common man.  Banks should finance corporations very cautiously and prudently to avoid all this.''
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	Thanks for sharing your thoughts.
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	Team TOI