Do not prepay your loan before knowing this

Don’t rush to prepay your loan without understanding this
In the early years of your loan, most of your EMI goes towards interest, not principal. That’s why you end up paying a major chunk of interest in the first half of your tenure.

Smart ways to reduce interest:
✔️ Opt for a shorter tenure (if affordable)
✔️ Prepay early, not later
✔️ Reduce principal sooner to save big on interest
Understand your loan before making moves.
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