Smart Strategies to Reduce Interest Cost on Long-Term Home Loans

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Home loans with tenures of 20 to 30 years can accumulate interest running into several lakhs of rupees. In some cases, the total interest paid over the loan period can exceed the original principal amount borrowed. This makes long-term home loans one of the most expensive financial commitments for borrowers. Understanding repayment strategies can help homeowners significantly reduce their overall interest burden.

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