Loan Prepayment Explained | How to save on Home Loan Interest | Choice

We all pay home loan EMIs, but did you know a small trick can save you lakhs in interest? You can save lakhs by using a loan prepayment strategy — paying just 2 extra EMIs every year. This helped reduce his principal faster, cutting down the overall interest burden. Understand how EMI structure works and how extra EMI payments can save you money. In the first few years, most of your EMI goes into interest, not principal. So when you prepay early, you reduce principal and cut down future interest. Use this simple method to: Close your home loan early Save lakhs on home loan interest Improve your financial health If you found this tip useful, share it with family and friends. And for more such smart finance tips, subscribe ‪@ChoiceHQ‬ Topics Covered: loan prepayment strategy how to save on home loan interest home loan prepayment india early loan repayment benefits best way to close home loan early #loanprepayment #homeloanindia #smartmoney #financialplanning #personalfinance #emitips #loanstrategy #moneyhacks #financeindia #choice #earlyloanrepayment #interestsaving #financialfreedom #savemoneytips #bharosekichoice