Smart EMI Hacks to Save You Thousands
You don’t
need to suffer through high EMIs. Use these hacks to save money and time.
1. Choose EMI Tenure Wisely
- Longer tenure = lower EMI
but more interest
- Shorter tenure = higher EMI,
less interest
2. Prepay Small Amounts Regularly
Even ₹500
extra every month shortens your loan by months.
3. Negotiate After 1 Year
If you’ve
been regular with payments, banks are often open to interest rate reductions.
Conclusion
Smart
EMIs = Smart money life. Don’t let banks make more money from your money.
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