Many of us avail of a loan to buy our dream house. But loans of any kind become a burden on your finances. So, it’s better to get rid of them soon. One way to do it is to utilise that extra bonus of yours to partly prepay your loan. Remember that making part prepayment early on during the loan tenure helps you save on the interest cost of your home loan. Here are a few other things you need to keep in mind while you consider making part prepayment to your home loan.
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