The Economic Times

Rs 25L loan, Rs 3L bonus: CA says dont prepay your home loan yet and recommends 3 things instead

A chartered accountant's advice challenges the common instinct to immediately prepay home loans with bonuses. Instead, building an emergency fund and securing term insurance are prioritized before aggressive debt repayment. This approach ensures financial security and protection for dependents, emphasizing that timing and foundational financial steps are crucial for long-term well-being and wealth creation.