Hi,
My friend was recommending to take home loan for longer tenure (i.e pay lesser interest per month) and pay more principal amount to clear the loan faster.
His logic does not seem to make sense. Is there any benefit with this approach??
Hi,
My friend was recommending to take home loan for longer tenure (i.e pay lesser interest per month) and pay more principal amount to clear the loan faster.
His logic does not seem to make sense. Is there any benefit with this approach??