Need A Financial Product Forums Loans Can I prepay my home loan from my father’s money Can-I-prepay-my-home-loan-from-my-fathers-money_REPLY

#46828
samkapoor77
Keymaster

Yes, you can use your father’s money to prepay your home loan. However, the best way will be to borrow a loan from your father, show it as a source in bank and prepay your loan. Genuinely pay installments and interest to your father. You can show this interest for claiming tax benefit.