Early payback decision needs deliberation. Read this before you take the first step.


The rise in interest rates have resulted in home loan borrowers shelling out higher equated monthly installments (EMIs) or increasing the tenure of their loan while retaining the same EMIs. Many have resorted to prepaying their loans to reduce the burden. But paying off loans without a structured plan can lead to serious cash flow problems.

A prepayment should be done by either increasing EMIs or paying off a lump sum amount it intervals. Combining both these strategies is not advisable.



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