If you decide to make a full or partial payment against your Home Loan, which is in addition to your regular payment schedule, it can be referred to as a prepayment of the Home Loan. In case your income increases over the tenure of the Loan, you can also speak with your lender to increase your monthly EMI. In both cases, your Loan gets repaid faster, and you can save on the overall...

When considering any secured borrowing, it is important to understand how the interest rate affects both your monthly payments and the total cost over the Loan period. A Loan Against Property interest rate determines how much you will repay beyond the principal amount borrowed. Even a small difference in the Loan Against Property interest rate can significantly impact your EMI and the...