You can reduce your home loan repayment burden by the following methods:
1. Repay the principal amount first, as the faster you repay the principal amount of your home loan, the less interest you have to pay.
2. Pay 1 EMI per year over your regular EMI payments from your annual bonus or incentive payments. Take help of the home loan EMI calculator.
3. Increase your EMI amount every year with the increment of your salary. Bajaj Finserv’s reducing balance EMI calculator will guide you.
4. You can refinance home loan at a lower rate of interest. If another lender is giving you a lower interest rate on your home loan than your current lender, opt for it.
Find your dream home from
18000 + properties
Get a top-up loan without any extra documentationAPPLY NOW
Determine your Home Loan eligibility and accordingly plan the application amountCALCULATE NOW
Calculate your monthly EMI, installments and rate of interest applied on the loan amountCALCULATE NOW