How to Repay a Loan Quickly?

Finance By Economy Simplified June 24, 2022 Personal Finance White Frame Corner White Frame Corner How to repay a loan of 25 years in tenure in just 10 years?

Things Must Know?

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Considering 3 parameters

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Loan Repayement Graph

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Two Technic

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How to Repay a Loan Quickly?

Things Must Know?

- What is the structure of EMI? - How does tenure of EMI affect the loan ? - What is the way to reduce your loan duration?

Considering 3 parameters

1. EMI of a Loan 2. Principal Amount of Loan 3. Interest Paid on Loan

Loan Repayement Graph

Principal Amount V/s Interest Paid

Two Technic

1. Pay extra EMI every year 2. Increase the EMI by a certain percentage every year.

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Economy Simplified

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Quickly Repay a Loan