


- About Us
- OUR OFFERINGS
- CALCULATORS
- RESOURCE CENTRE
- Quick Links
- NEWS CORNER
-
INVESTOR RELATIONS
- Financial Reports
- Investor Presentations
- Annual Reports
- Notices
- ESG Profile
- IEPF
- Investor Call Transcript
- Corporate Announcement
- Public Issue of NCD'S
- Qualified Institutional Placement
- Investor Relations Contact
- Familiarisation Programmes
- ISO CERTIFICATIONS
- Forms for Shareholder KYC-PAN-Nomination update
- Credit Ratings
- Statutory Advertisements
- CONTACT US
- Login

Online

India's 1st Completely Online Home Loan!
-
e-APPLY
-
e-SANCTION
-
e-DISBURSE
Start your eHome Loans Process Now!
Apply OnlineRepay your mortgage early

- Loan Against Property Guide
- Oct 14, 2015
- VIEWS: 4872
Felling a financial beast, Repay your mortgage early:
Owning home is a feeling unto itself, but giving up a fat chunk of your income for the EMI payment is fairly nerve wracking. Add to that the long duration of the payment and the interest one has to pay, the entire process can feel very exasperating and worrisome. The trick to lighten your debt burden and save money in the coming future is a prepayment of your mortgage. Some still feel that paying off a home loan is a nearly impossible feat, so here are some steps you can take to ease your worries on the subject:
-
Adjust your EMI payments:
Increasing the home loan EMI amount you pay every month even by just Rs. 1,000 or 2,000 can go a long way in paying back your principle amount. A reduction of your principle would reduce the amount of interest you’d need to pay and even cut your tenure by 1-2 years. -
Make small, partial payments:
Most banks allow their customers to make a certain number of partial payments in a year. So, when you find some extra income coming in, such as a festival or performance bonus, use it to make a partial payment on your loan instead of spending it on a new television. By making a few compromises in the present, you’d save a lot of money in the future. -
Set priorities and manage your funds.
Prioritise the areas in which you must spend money and where you can cut expenditure. Sacrificing and making compromises will become the norm for the first few years of your tenure, you may have to give up the annual trip abroad, but the satisfaction and security of having a roof over your head should be your motivation to pay off your loan at the quickest. -
Don’t bear it all yourself:
While you may be the only breadwinner in the family, this does not mean they cannot help in these situations. By spending smartly and economically, they will be able to drastically increase the amount of funds you have left over to pay the loan, making the entire process much smoother and less taxing on the mind.
Repaying a loan, at first, feels like trying to cut a tree with a butter knife. But with the right steps and measures, one can repay their loan well within the stipulated time or even a few years before.
Related Articles:
- Reverse Mortgage Loans
- Rules To Follow While Taking A Loan Against Property
- 9 Factors Affecting Your Eligibility For A Loan Against Property
The post Repay your mortgage early appeared first on Indiabulls home loans.

Difference between home loan and loan against property
A home loan is a high-value loan. It is also one that requires quite an elaborate process in which the buyer has to familiarise himself with several jargons and financial terms.
- Loan Against Property Guide
- May 24, 2019
- VIEWS: 9121

Rules to Follow While Taking a Loan against Property
Do you need a lump sum amount for your business? Have you considered leveraging the value of your property to meet such fund requirements? A loan against your home or office is an excellent option... The post Rules to Follow While Taking a Loan against Property appeared first on Indiabulls home loans.
- Loan Against Property Guide
- Nov 22, 2018
- VIEWS: 10769

9 Factors Affecting Your Eligibility for a Loan Against Property
When it comes to taking major steps in life, the first thing that comes to your mind is ‘How would you arrange for the finances?’ Every new phase of life, whether personal or professional, involves... The post 9 Factors Affecting Your Eligibility for a Loan Against Property appeared first on Indiabulls home loans.
- Loan Against Property Guide
- Jul 25, 2018
- VIEWS: 10335
No Comments
Subscribe
Most Viewed Blogs
Categories
- Home Loans Guide 125
- Home Renovation Loan Guide 3
- Home Loan Transfer Guide 14
- Home Extension Loans Guide 1
- Loan Against Property Guide 28
- Home Loan Interest Rates Guide 2
- Others Guide 8
- Home Decor & Lifestyle Guide 5
- Plot Loan Guide 3
- PMAY Guide 5
- Uncategorized Guide 1
- NRI Home Loans Guide 5
- Financial Resolutions Guide 1
- New Year Resolutions Guide 1
Archives
- Mar 2020
- Jan 2020
- Nov 2019
- Jul 2019
- Jun 2019
- May 2019
- Apr 2019
- Mar 2019
- Feb 2019
- Jan 2019
- Dec 2018
- Nov 2018
- Jul 2018
- Jun 2018
- May 2018
- Apr 2018
- Mar 2018
- Feb 2018
- Jan 2018
- Dec 2017
- Nov 2017
- Oct 2017
- Sep 2017
- Aug 2017
- Jul 2017
- Jun 2017
- May 2017
- Apr 2017
- Mar 2017
- Feb 2017
- Jan 2017
- Dec 2016
- Nov 2016
- Oct 2016
- Jun 2016
- Apr 2016
- Mar 2016
- Feb 2016
- Jan 2016
- Dec 2015
- Nov 2015
- Oct 2015
- Sep 2015
- Aug 2015
- Jul 2015
- Jun 2015