Need A Financial Product Forums Loans How to save interest outgo on home loan

This topic contains 1 reply, has 2 voices, and was last updated by  Vivek Vaidya 2 years, 2 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
  • #48294

    Vivek Vaidya

    In the beginning of 2013, I took home loan from HDFC Ltd. for Rs. 86 lakhs for 20 years. Now, when I am generating good income and I want to prepay my loan every alternate month. But HDFC guys are saying that I can prepay only twice in one year. What to do when I have funds? How to save on interest outlay?


    Venkatesh A

    Open a recurring deposit account and start depositing your surplus money there or deposit the money in fixed deposit. Interest earned on these deposits will offset a part of interest outlay.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.