Banks have started raising home loan EMIs; Is it time to prepay and save money?
Updated: 14 Jun 2022, 12:12 PM IST
TL;DR.Many borrowers are finding it difficult to cope with huge interest outgo owing to the interest rate hike. Prepayment, if possible, can help you seek relief from high EMIs along with giving you necessary tax benefits.
Prepaying a home loan in tranches will help you get rid of the burden of interest rate hikes