Closed my PLCC Loan. Feeling good.
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Today, I finally closed my PLCC loan (6 figure) from ICICI. I had been caught up in a dilemma about whether to close it or keep going, but after weighing everything, I decided to choose peace over what seemed like the “smart” financial choice.
The 2% foreclosure charges and a pile of other fees made it seem impractical to pay it off early. But after doing all the calculations, I realized that with just 13 months left, the amount I would save didn’t justify the constant worry. That mental energy spent keeping track of deadlines, month after month, simply wasn’t worth the stress.
So here I am, sharing this journey, knowing it may carry no real significance in your life. But to all my buddies out there stuck over your calculators, here’s my advice: sometimes you have to choose peace over numbers. If you have some extra cash, consider paying off that debt and freeing your mind.
Peace.
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The loan was in six figures as I have already mentioned. I used it to renovate my house.
my goal, i have been trying to reach from past 8 years,
Its a Damn shame look at my status
i had successfully completed 6 different banks loan durations , 5 currently running
-One ends in dec 24
-two ends in jul 25
-one ends in aug 25
-one ends in dec 25
It may seem end of EMIs near but not true, i am rotating 6 L every month via CC for which again i thinking to take a loan
Its a damn shame revolving cycle for me, i am 37 not married, dont have car, dont have own house, dont have any property,
I earn decent salary of 95k a month in Indore but for what , more than my salary i have emis hence stuck in cycle
That sounds really tough, man. It’s like you’re stuck in a cycle, and I can understand how draining that must be. Maybe just focus on knocking out one loan at a time, especially the high-interest ones, instead of adding more. Even small steps could help you break free and give you some breathing room. You’re earning a solid income, and at 37, you’ve still got time to turn things around. It's never too late. Best wishes bro.. 
Now you're
dec 25
What was total loan amt and interest offered
And where ypu used the funds?