Close Your Personal Loan Faster: 6 Ways to Save Big on Interest

• Utilize extra income like bonuses or tax refunds to reduce the principal amount, lowering overall interest.
• Increase your EMI payments if your earnings improve to accelerate loan repayment.
• Avoid skipping or delaying EMIs to prevent penalties and maintain a good CIBIL score.
• Consider prepayment to reduce the principal, but check for any associated penalties.
• Prioritize repaying high-interest loans first to minimize your overall interest burden.
• Avoid loan stacking; only consider balance transfers if they offer significantly lower interest rates.