Many people take home loans hoping to repay them steadily over time, but few realise how much of their EMI initially goes towards interest rather than ownership. Sujit Bangar, Founder, TaxBuddy.com, explained through an example of how a borrower named Suraj saved over Rs 30 lakh in interest on his Rs 60 lakh loan — without increasing his monthly stress.
“This is the part most borrowers underestimate,” says Sujit Bangar on LinkedIn.
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