b. My Prior period
interest outgo until 31-3-2015 is Rs 8 lakhs.
Now i am thinking that to prepayment Rs. 10 Lacs to reduce
interest outgo.
A 100 basis points reduction causes significant
interest outgo difference given my loan account.
Not exact matches
While the job market may be tough right now, there are two ways that you can reduce your
outgo (a part from spending on luxury items): by paying off your debt; and reducing your
interest rates by refinancing from high
interest to lower
interest rates.
The borrower could be lowering his or her total
outgo by hundreds of dollars by replacing high -
interest consumer debt with low
interest mortgage debt.
As the debt consolidation loan is essentially availed at lower
interest rate as compared to the higher
interest rate that was being paid on credit card debts, it simply means that your monetary
outgo on
interest rates is well saved.
Gaurang Damani, an activist whose public
interest suit in the Bombay High Court led to many changes in health insurance policies, explains: «Insurance companies have been incentivising TPAs to reduce the bill amount and, in turn, lower their
outgo.»