Differentiate between ‘good loans’ and ‘not so good loans’

I have outstanding loans of Rs42 lakh. Of these, Rs20 lakh is from relatives and there is no urgency to clear immediately. There is a Rs8.5 lakh home loan with an EMI of Rs13,000; home equity loan of Rs6.4 lakh with an EMI of Rs10,000; personal loan of Rs1 lakh with an EMI of Rs22,000 and two gold loans of Rs3 lakh each. The major expense is Rs7 lakh for my sister’s medical education, due in 2016 and 2017. My rent and other expenses are Rs30,000 per month. I have…

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