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Can you use FDs to repay your loans? Arnav Pandya explains
“Repaying in the earlier part of a loan makes more sense. It is more saving in terms of the interest that you will have to pay over the life of the loan. So shifting some amounts which are maturing in an FD or if you have some amounts which you might be thinking of putting in an FD towards this kind of repayment, makes sense and is a smart strategy.”