Should you prepay your home loan? | Mint Primer

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Home loan interest rates have shot up post the RBI repo rate hike. This is a cause of concern among not only the existing home loan customers who have to now pay more through EMIs every month but also among interested customers intending to take a loan for buying their dream homes.

Let us explore whether you should prepay your loan or continue the EMIs at higher interest rates.

#homeloan #prepayhomeloans #emi #finance #mint

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Only for 8 percent with 30 years, the EMI will be around 55032. At 46th second
If it is 30 percent interest it would be reflecting, EMI will be 187525.

anandmurugesan