Home loans come with some of the lowest interest rates on offer. They even allow for tax deduction benefits on repayment of the principal amount and interest due. As a result, if you have a home loan at the current interest rate of around 8 per cent and you fall in the higher income tax slab of 30 per cent, your effective interest rate be below 6 per cent. However, most people also seek to be debt-free. So does it make sense to make prepayments and pay off your loan as soon as you can afford it? The answer depends on many factors, such as income stability and growth and the scope of your investment goals.
WHEN TO AVOID
Diese Geschichte stammt aus der February 03, 2020-Ausgabe von India Today.
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Diese Geschichte stammt aus der February 03, 2020-Ausgabe von India Today.
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Killer Stress
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Shuttle Star
Ashwini Ponnappa was the only Indian to compete in the inaugural edition of BDMNTN-XL, a new international badminton tourney with a new format, held in Indonesia
There's No Planet B
All Living Things-Environmental Film Festival (ALT EFF) returns with 72 films to be screened across multiple locations from Nov. 22 to Dec. 8
AMPED UP AND UNPLUGGED
THE MAHINDRA INDEPENDENCE ROCK FESTIVAL PROMISES AN INTERESTING LINE-UP OF OLD AND NEW ACTS, CEMENTING ITS REPUTATION AS THE 'WOODSTOCK OF INDIA'
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THE PRICE OF FREEDOM
Nikhil Advani’s adaptation of Freedom at Midnight details our tumultuous transition to an independent nation
Family Saga
RAMONA SEN's The Lady on the Horse doesn't lose its pace while narrating the story of five generations of a family in Calcutta
THE ETERNAL MOTHER
Prayaag Akbar's new novel delves into the complexities of contemporary India
TURNING A NEW LEAF
Since the turn of the century, we have lost hundreds of thousands of trees. Many had stood for centuries, weathering storms, wars, droughts and famines.
INDIA'S BEATING GREEN HEART
Ramachandra Guha's new book-Speaking with Nature-is a chronicle of homegrown environmentalism that speaks to the world
