Save Rs 20 Lakh on Home Loan: One Extra EMI Annually Cuts Tenure by 5+ Years!

• A simple tip can significantly reduce your home loan burden and save up to Rs. 20 lakh.
• Paying just one extra EMI annually can cut your loan tenure by over five years.
• For a Rs. 50 lakh loan at 8.5% for 25 years, one extra EMI saves approximately Rs. 18.30 lakh in interest.
• This strategy reduces the loan tenure by a significant 5.6 years.
• Early prepayments are most effective as a larger portion of initial EMIs goes towards interest.