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
August 16, 2014 at 6:36 am
#46828
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.