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Home > Forum > Pune > Home Loan > I want to pay my home loan ahead of schedule.

I want to pay my home loan ahead of schedule.

Q: I have taken a home loan 1 year back and every month I am paying the installment fees. I just wanted to know whether I can pay before the scheduled date.

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Yes, you can pay your home loan before the scheduled date. But, it depends upon your bank which charges a fee for early redemption of loan. The fee varies from bank to bank i.e. between 1-2% of the loan amount being pre-paid.
Sanjana Jain


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