What Is Partial Prepayment Strategy And How You Can Save Rs 16 Lakh On Rs 40 Lakh Home Loan – Top Speed News
Curated By: Business Desk Last Updated: September 20, 2023, 16:23 IST With one partial prepayment, you can reduce the loan tenure and interest amount significantly. EMI on loans works on two factors- interest rate and principal payments. Both factors are directly proportional to the EMI rate. The interest rate on home loans was recently hiked…