5 Hidden Hacks to Reduce Your Home Loan EMI

A home loan is a long-term commitment that can last up to 20-30 years. Even a small reduction in your interest rate or EMI can save you lakhs of rupees in the long run.

1. Increase Your Down Payment

The lower the loan amount, the lower the interest burden. Try to pay at least 20-25% as a down payment.

2. Opt for Prepayments

Paying just one extra EMI every year can reduce your loan tenure significantly. Use our EMI Calculator to plan your prepayments effectively.