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A home loan is most likely the most substantial financial hardship a person will face in their lifetime. It is also the debt with the most time to repay. As a result, the majority of home loan borrowers are continuously looking for ways to reduce their equivalent monthly installments (EMI). Imagine putting down a certain percentage of your salary on a steady monthly basis for such an extended period! As a result, if you do not plan ahead of time, a large house loan EMI can have a substantial impact on your financial and mental health.

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