How to repay a Rs 1 crore home loan in under 10 years and save Rs 52 lakh
Last Update Date: 06-10-2026
Published by India Today
Abhishek Kumar's role: Quoted
Abhishek Kumar explained three repayment methods, which can be used alone or together, and said prepaying early in the tenure saves the most interest. He suggested reducing the tenure rather than the EMI after a prepayment.
More of Abhishek's views on debt and loans
The article explains how home loan borrowers can close a long loan sooner and cut interest costs. It covers paying an extra EMI each year, making lump-sum prepayments early, raising the EMI every year, choosing a shorter tenure when prepaying, and checking for prepayment charges.
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How to repay a Rs 1 crore home loan in under 10 years and save Rs 52 lakh