Emergency fund vs repaying high interest loan quickly

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Savings

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I have a 15k EUR student loan at 13% interest rate from an Indian bank. I just started my first job in Western Europe. I want to pay back my loan really quick. However, my savings is currently equivalent to half a month of average expenditure. Should i save up at least 3 months of emergency funds before i start paying back the loan?

Or is it safe to pay back huge amounts of the loan each month as soon as possible? In that case, i won't be able to save up for an emergency fund.

Doing both will unfortunately make both goals slower. My salary is pretty low right now.

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Posted: 1 year ago
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