Home Loan Tips: Simple Tricks to Save Huge Interest on Your Loan

Most borrowers pay 2–3× more than the actual home price in interest

Good news! A few smart moves can cut your home loan interest drastically

Choose a lower interest rate first — even 0.5% matters over 20 years

Always prefer a Floating Interest Rate over fixed in the long run

Increase your EMI by just ₹1,000–₹2,000 — savings run into lakhs. Make part-payments whenever you get bonus or savings

Target early years of the loan — that’s when interest is highest. Shorten your loan tenure instead of reducing EMI

Check your CIBIL score — higher score = lower interest rate. A score above 750 can unlock the best home loan offers

Compare banks regularly — switch lenders if rates drop. Home Loan Balance Transfer can save huge interest

Avoid unnecessary top-up loans unless absolutely required. Opt for no-prepayment-penalty loans from the start

Use annual EMI increase option if your salary grows. Even a 1–2 year early closure saves massive interest

Home loan management = planning + discipline

Smart borrowers repay interest first, not just EMI

Follow these tricks & make your home loan lighter, faster, smarter!