ilmscore | Home Loan Repayment Strategy Predictions
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Home Loan Repayment Strategy

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Recent Predictions

Total: 3
Correct: 2
Incorrect: 0
Pending: 1
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To accelerate home loan repayment, an extra EMI payment should be made annually, with the amount deducted from the principal rather than reducing the monthly EMI.
"Every year, after you pay EMI for 12 months, you will go to the bank and pay an extra EMI. After 12 ..."
warikoo warikoo
Sep 17, 2025
Correct
How To Manage FINANC...
Increasing EMI by 10% annually and paying one extra EMI per year can repay a 25-year home loan in 10 years, saving 60% on interest.
"If you have a 10% step up and you pay one additional EMI every year. Your 25-year loan will be repai..."
warikoo warikoo
Apr 5, 2025
Correct
How To Pay Off Your ...
Making one extra EMI payment per year can reduce a 20-year home loan tenure to approximately 10.5 years.
"If he had gone ahead with one extra EMI every year, he would have been able to repay the entire loan..."
CA Rachana Phadke Ranade CA Rachana Phad...
Aug 13, 2022
Pending
When Should You Buy ...