Home Loan

Home Loan

In India, a 'loan' is considered to be a hassle. Once a loan is taken 'on your head', then it must be repaid within the stipulated time; and if finances allow, even prepay. Risk aversion, an important part of traditional financing advice, has its own advantages as well as disadvantages – much like loan prepayment. Although this anxiety to pay the debts off before time might bring mental peace to the borrower, the financial benefits of pre-payment depend on several other factors.