The Economic Times

Bengaluru CA took a Rs 1 crore home loan for 30 years. She shares how Rs 4,000 extra a month could save Rs 42 lakh

Bengaluru CA Meenal Goel explained how small, consistent home loan prepayments could potentially reduce interest costs significantly. Her post sparked discussion, with users suggesting borrowers also consider the time value of money and the propertys potential value after 30 years. Another user agreed with her approach, saying they had advocated and followed similar practices for 16 years in the housing finance market, highlighting the importance of looking beyond headline interest savings.