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Stuck in the process of building your own home, here are 5 amazing ways to deal with it, banks will never tell you this!
Siddhi Jain | August 12, 2025 1:15 AM CST

Everyone wants to have their own house. Most people need a home loan to buy a house. However, after taking a home loan, many people spend a lot of time in their lives paying their EMI. If you want your home loan to be repaid soon, then you have to follow 5 tips for that.

If you make pre-payment of your home loan, especially in the initial years of the loan, then it reduces your outstanding principal amount. When your principal will be less in the later years, the interest burden will also reduce significantly.

If you have to choose between reducing EMI and reducing the tenure of the loan, then always choose the option of reducing the tenure. By doing this, your total interest expense will be reduced significantly. Reducing EMI will provide some relief, but the loan will last for a longer period and the interest will also be more.

If your bank is offering a lower interest rate to new customers, ask for the same rate. If you have a good credit history and pay EMIs on time, the bank can easily reduce the rate. Even a reduction in interest from 7.8% to 7.75% can save lakhs of rupees in the long run.

If you get a bonus or additional income, use it to increase the EMI. This will reduce your loan principal quickly, reduce the interest and you will be debt-free soon.

If you have a fixed rate loan and the floating rate is low at the moment, consider shifting to it. Fixed rate loans are usually expensive, while floating rates change according to the market and are cheaper when interest rates are stable or falling.


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