How to Close a 25-Year Home Loan in Just 10 Years: 10 Proven Strategies
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🏠 Introduction Home loans are a common financial responsibility, often stretching over 20–30 years. But the interest paid over such long tenures is massive. What if you could cut that loan tenure in half and save lakhs in interest? In this blog, we reveal smart, actionable strategies to close a 25-year loan in just 10 years . 💡 Why Close Your Home Loan Early? A 25-year loan may offer lower EMIs, but it traps you in long-term interest payments and limits your financial flexibility. Here's why you should aim to close early: Save ₹10–30 lakhs in interest Become debt-free faster Unlock credit capacity for other investments Achieve peace of mind 🔟 10 Smart Ways to Close Your Home Loan in 10 Years 1. 📈 Increase Your EMI Every Year Instead of keeping your EMI constant, increase it annually by 5–10%. As your income grows, so should your repayment capacity. Example: ₹25,000 EMI in year 1 → ₹27,500 in year 2 → ₹30,000 in year 3. This reduces your loan principal faster...