Gaurav Mohta | Answer |Ask -Follow
Answered on Aug 02, 2022
My advice to you would be to actually pay as much down payment as you can from your side to get a better deal on rate of home loan interest and thereby lower interest payments.
Rahul Chakraborty: From where can I get a loan for home and how can I repay the loan quickly?
Repaying your home loan quickly is a very smart move as you can stand to make huge amounts of savings on interest outflow. By making small regular prepayments over and above your EMI every month, you could stand to save lakh of money in interest payments and repay your home loan months in advance.
The facility to make prepayments without any extra charge should be a key criterion in selection for a lender.
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