ilmscore | Prediction Details
"if you have a loan of 20 years, then if you want to prepay in the next 10 years, then you should prepay, do not prepay in the last 10 years because in the next 10 years, despite paying the full EMI, you have returned only 30% of the money to the bank, so here you are paying more interest, in the last 10 years you are returning the money at 70%, so you are only returning the principal, there will be no benefit in the interest"
By Groww | March 14, 2025 | Pending
From video
Stop Doing THIS with Your SIPs | Ft. Kirtan Shah 00:28:34 - 00:29:04
Interpreted Prediction
Prepaying a 20-year home loan in the first 10 years is more beneficial for saving interest than prepaying in the last 10 years, as interest payments are front-loaded.

Prediction Details

Topic
Home Loan Prepayment

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