Скачать или смотреть Save interest by Home loan prepayment!💰

If you prepay the home loan, you can substantially reduce the interest component of the home loan and reduce the tenure too. The principal amount gets repaid faster, helping you close the home loan early.

Prepayment of home loans may attract a penalty, particularly if it is availed on a fixed interest rate. However, prepayment charges may vary from lender to lender, and you can find more about it in the loan document and you can also negotiate on this amount by talking to the bank officials.
 
On the other hand, home loans availed on floating interest rates do not attract prepayment charges.


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