Always pay high interest loans first
Friday, September 1, 2017, 11:22 AM
As a rule, it is a good idea to close unsecured-loans such as personal-loans or credit-card dues as they come with a huge interest rate. Compared to a car loan or a home-loan, a personal loan can be as much as 5 percentage points higher, and credit card interest rates even more. So it makes sense to pay off these high-interest loans first.