I did exactly the same, but structured the loan differently.
Installment loan for €25,000 and a term of 10 years. Interest of 4.75% and a monthly charge of €262. I can pay off the loan at any time.
This means you have a much lower monthly burden, are much more flexible and have more cash to invest.
No investment advice, just inspiration :)
Installment loan for €25,000 and a term of 10 years. Interest of 4.75% and a monthly charge of €262. I can pay off the loan at any time.
This means you have a much lower monthly burden, are much more flexible and have more cash to invest.
No investment advice, just inspiration :)
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@KingBuuzz and you can simply say to yourself that you are paying in €500 a month instead of €262 and thus pay off the loan more quickly over a different period of time. I do the same with 10k
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@KingBuuzz yes my goal was to pay off the loan in one year, interest rate 5.8% 50€ interest per month and within one year by
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