Save ₹20 Lakh on ₹50 Lakh Home Loan Interest: Easy Strategy Revealed

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News18•14-02-2026, 15:39
Save ₹20 Lakh on ₹50 Lakh Home Loan Interest: Easy Strategy Revealed
- •Home loans for 20-30 years often incur more interest than the principal amount.
- •A ₹50 lakh home loan at 8.5% for 25 years results in ₹70.78 lakh interest, totaling over ₹1 crore.
- •Paying just one extra EMI annually can save ₹18-₹20 lakh in interest.
- •This strategy can reduce the loan tenure by 5-6 years, leading to earlier debt freedom.
- •Additional payments, especially in early stages, significantly impact interest reduction.
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