dear sir

my monthly earning apprx. Rs.40000-50000/- p.m. 

My two loans status:

1. Housing loan of Rs.1150000/-(Original Amt.), at interest rate of 9.50% for 20 years [ my monthly installment is Rs.10900/-]

    this loan taken in Jun-2009

2. Car Loan of Rs. 330000/- at Int. 9.50% for 5 year [ my monthly installament is Rs.7000/-]

    this car loan taken in Nove-2010

Note: there is no any pre payment charges on above both loans

now please advice me that if i want to pay ad hoc amount appr. Rs.200000/- lacs. ( i have 4 option only)

   A. part pay Housing loan ?

   B. Part Pay Car loan ? or

  C. Make SIP/ FD or other saving of this 2 lacs. and earn income/interst to pay installment..

  D. combination of any above

please tell me which option should i opt?

 dear rc

you should first pay car loan as it does not give any tax benefit on either principal amt or interest amount.moreover u have taken loan in nov 2010 so the emi will consist more of interest part so you shoul completely get rid of car loan first then only u should invest in any other avenues