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Can I prepay some amount for home loan?
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Loans
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TOPIC: Can I prepay some amount for home loan?
#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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