Is pre-payment of home loan good?

POSTED BY pv.biju ON October 4, 2014 9:38 am ONE COMMENT

I have a home loan of 30L, for a flat under construction. The interest rate is 10.25. Bank had disbursed an around 24L now. Also i have started full emi on this couple of months back. The interest i am paying now is around 20k. Builder has told me that the registration could happen this financial year. I have a surplus of 5L in my hand. Just thinking whether i should pre-pay this on the loan or invest this some where else.  Please give your expert advise on financial aspect of this. thanks, Biju PV

One reply on this article “Is pre-payment of home loan good?”

  1. Hemanth says:

    Better prepay the loan so that you can complete loan ASAP

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