The Economic Times

Wealth Hack of the Day: Save Rs 18.31 lakh on Rs 50 lakh home loan with this prepayment trick

A prepayment strategy can significantly reduce your home loan tenure and interest payments. By paying one extra EMI annually on a Rs 50 lakh loan at 8.5% for 25 years, you can save approximately Rs 18.31 lakh in interest and shorten the loan term by over 5 years.