Best Way To Pay Off Home Loan

Most people fall into a debt trap unassumingly. 😞

They do not realize how EMIs are piling one after the other and only know they are trapped when they start missing payments ❌

Fortunately, you can escape a debt trap even if you do not have the income to make the EMIs. 🤩

One way would be to withdraw your PF to repay your home loan 🏡 You can withdraw up to 90% of your PF for home loan repayment.

Once you’ve made your home loan payment, you can concentrate on paying off other high-interest debt like credit card loans and personal loans. 💳

You can also use your PF corpus to make the downpayment for your home loan.

⚠️ But it is important to note that your PF is essentially your retirement fund and any withdrawal you make should be replaced so you can achieve your retirement goals.
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#financewithsharan #homeloan #pf #creditcard