earlier than planned. The longer the loan tenure, the more the interest repaid, hence its best to repay your home loan in the shortest loan tenure possible, provided it can be managed comfortably within your income. The more you pay off your home loan, the more of the property you own, and the more equity you build up.
- By Brijesh Parnami
CEO – Distribution, Destimoney Enterprises Private Limited
(The views expressed here are author's own)