Need A Financial Product › Forums › Loans › Should I prepay my home loan from my savings › Should-I-prepay-my-home-loan-from-my-savings_REPLY
August 13, 2014 at 11:24 am
#46806
samkapoor77Keymaster
Prepaying your loan may involve prepayment charges. In addition, it will reduce your tax benefits on EMIs. I will suggest you to use a part of your savings in prepaying your loan and keep the balance in savings account or FD as a buffer for rainy day.