Can I prepay some amount for home loan?

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TOPIC: Can I prepay some amount for home loan?

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#10

Can I prepay some amount for home loan? 9 Months, 3 Weeks ago	Karma: 0
After taking home loan 2yrs ago, I now have some ssavings with me. I want to pay some money as prepayment. When should I pay?

simran

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#11

Re: Can I prepay some amount for home loan? 9 Months, 3 Weeks ago	Karma: 0
I have HDFC home loan for 20yrs period. After 3 yrs i paid 2 lakhs and increased EMI also. My total tenure reduced by 5 yrs. Bank person told me that in the first 1/3rd of the loan tenure, prepayment or closure is good. But after first 1/3rd period, closure is waste.

mohan

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