Lost job, 75 lakh saving, 65 lakh loan. What to do
I am out of job in next 2 months. I have a total saving of 75 lakh with me after selling all my MFs and stocks
I have purchased a agricultural land down-payment 10 L given 26 lakh left. I have a personal loan of 45L (@9.99% intrest for 60 months) which i was supposed to payout from this years salary. (80LPA). I have a commercial property loan for a studio apartment which is still being built of 76 lakh (30 lakh disbursed) at 8.8% intrest for 15 years so emi right now is 28000. Remaining amount will be disbursed next 4 years as construction progress. Studio apparently has a lock in till October after which I am free to sell. (Although rent of similar properties near by has become around 70000k per month).
Everything was planned but now because of some PR incident they are firing me. I am trying to find a new job but because of the news that I might be out of a job, everyone is waiting till I am unemployed before offering me low salary. (Its a very small industry and everyone knows everyother person)
Now how to manage everything. I am 30 M and recently married. Wife is earning 10 to 15k per month making crotchet and selling it in stalls.
Should I settle the loan early with my saving and sell the flat in October or keep paying emi from savings and continue to a new job. I am super confused.