51: Three things to consider if you are planning to prepay your home loan partially
Why Not Mint Money
English - December 03, 2019 08:03 - 5 minutes - 4.74 MBInvesting Business stock market inida business news beer biceps finance financial podcast financial advice financial service company money matters money talks investment livemint podcast Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 50: Making sense of an endowment policy
Next Episode: 52: All you need to know about PPF
Many of us avail of a loan to buy our dream house. But loans of any kind become a burden on your finances. So, it’s better to get rid of them soon. One way to do it is to utilise that extra bonus of yours to partly prepay your loan. Remember that making part prepayment early on during the loan tenure helps you save on the interest cost of your home loan. Here are a few other things you need to keep in mind while you consider making part prepayment to your home loan.