Closed out my student loan which I had taken out in 2017
I had taken a student loan of 3.6 lakhs in 2017, for a 4 year degree course. when I got my job and started paying the 5k a month EMI, the loan had grown upto 4.2 lakhs in 2021. Had been paying 5k every month, sometimes paying 6-7k, and 10k once or twice. When I checked the loan balance this month, it was still 3.4 lakhs....... So decided to sell all my stocks, and put all my savings into clearing this loan and cleared it. Will start saving again from the next month salary, and will prioritise getting a emergency fund in place.
Posted Mar 6, 2026, 5:31 PM UTC
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