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pay early save the Interest
by Sudeep Gupta on May 03, 2007 10:29 AM

The Best Solution to save oneself for rising the Intrest rate is to pre pay the loan as early as possible, the interest levied is compund intrest which for longer duration is very high in absolute value, so pay early save the interest and save emi. Take care of Taxation aspect otherwise you may loose as well by prepaying the loan

Cheers
Sudeep

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The above message is part of the Discussion Board:
How to cope with rising EMIs?