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Buried in debt and a loan to repay? Here’s a way out

Paying off extra EMIs when you get a bonus to talking to your bank to reduce your home loan burden during festive occasion offers can work in your favour

March 16, 2022 / 08:53 AM IST

A home loan is a great way to start building a property portfolio, but what do you do if you have stretched your finances to the hilt and are already burdened by debt?

Loan management can be a daunting task for many, especially in a high interest-rate scenario. It is important to stay on top of your credit-card payments and other loans you may have as well as manage your budget.

Here are some neat ways to enhance your home loan eligibility in the future, while taking some steps today.

Prepay an extra EMI whenever possible