Have an outstanding loan of 27L. Have cash worth 23L to pay off or invest in markets.

Monthly income of 2L. Loan(home) with current emi of 1.1L ends June 2027. Want to get this done with and increase the disposable income to plan for investments and future. Have a weird compulsion of not having any loan hanging over my head. On the other hand, the market is consistently down - feels like a good opportunity to invest. Currently have a SIP of 50k. All the happiness made in post Covid bull run is drained now. Sometimes even contemplating stopping the SIP for a few months(know it's wrong and have heard here now is the good time to invest more). Please share your recommendations of what should I do here? I have Googled and read enough, bit still unable to make my mind on which direction I should take. Roast if you want to, but please do share some recommendations. Thanks! EDIT: Wow, thanks, and I am humbled by the suggestions and recommendations! I wanted to provide a bit more background and context. 1. 39M. Married to 36F and have two daughters, one is in school and the younger toddler. 2. Live in what can be called a tier 1 city, but in the outskirts, basically a province away, so real estate is akin to tier 2. Both are in IT. Savings is 15L in MFs. And a fully paid apartment. 3. Combined income is 2.7L. My SIP started during the bull run back in 2021, with 6-8K, slowly moving to 8-10K per month. Since, Oct last year, I made this 50K per month. 4. Both my wife and I are the only son/daughter, and our parents/ in laws stay with us. We have rented a neighbouring flat too. Monthly expenses are about 1L including school fee, medical and elder care, transport etc (excluding loan EMI). 5. We have another apartment that we had paid completely last year by stepping up EMI over the last 4 years so. Rent is less here, and we have moved to our current home (loan ongoing) for ease of access to school/hospital etc. Empty, not rented, but completely paid off. In the current scenario, and due to the builder not fulfilling promised amenities, the sale would probably fetch a lower price than at which it was originally bought. But holding it makes sense, as this locality has been slowly getting better recently. 6. This current home loan - had increased the EMI last Oct - basically a job switch we both did, and the increased income diverted to more EMI and SIP. 7. No separate health insurance for us or parents - Covered only via group insurance of our respective jobs. 8. Term insurance of 1CR each. 9. Here is probably the most important disclosure - Parents had some loans - which we were not aware of till last year. It was a crazy 40L equivalent. And this was at an atrocious rate of interest. You know, those loans from loan sharks. Apparently gotten years earlier for our education or wedding expenses. No ancestral wealth. Got to know only when we realized that they were trying to take over our house (s) in our native place and that all their deposit/pension income had been paid as just interest for the loan all these years. Immediately geared up, with some support from friends locally, settled the real estate back in their native places, settled off these loans, and the amount now at disposal or in question is the amount that would be left after closure of their liabilities. 10. No other ancestral property or real estate left. At current EMI, the interest component is around 20K, and principal component is around 90K. Interest is at 8.4% p.a