scorecardresearchPrepay part of your home loan to make up for higher EMIs

Prepay part of your home loan to make up for higher EMIs

Updated: 20 Feb 2023, 12:50 PM IST
TL;DR.

Soon after the latest repo rate hike, sixth in a row, most lenders are seen to raise interest rates on home loans, further raising the EMIs. Therefore, home loan borrowers are advised to prepay a part of loan to minimise the increase in EMI amount.

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First Published: 20 Feb 2023, 12:50 PM IST