The Economic Times

One small EMI tweak that can save you lakhs and reduce your home loan from 20 years to 12

Financial expert Nitin Kaushik reveals a simple strategy to shorten home loans. Paying one extra EMI annually can cut a 20-year loan to 15 years. Gradually increasing EMIs by 5% yearly can reduce a 20-year mortgage to 12 years. This approach saves lakhs in interest and offers a risk-free investment. It promotes disciplined financial planning for wealth management.