Worried about upcoming RBI rate hikes and planning to prepay your home loan? Think again: home loan EMIs come with tax breaks, and you could, in fact, save some money by keeping a home loan alive. If you are paying a home loan rate of 9% with a remaining tenure of 10 years, it makes financial sense to keep a ₹ 23 lakh of loan alive.
I have Rs 12 lakh in surplus. Should I prepay my home loan or invest for monthly income of Rs 25-30k?
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