Archive · 28 Jul 2025
CA's Hack: Cut Your 30-Year Home Loan to 17 Years
A financial expert, Nitin Kaushik, says you can pay off your home loan faster and save a lot of money.
He suggests getting a long-term loan, which means lower monthly payments.
The trick is to make one extra payment each year, especially when you get a raise.
This extra payment goes towards paying off what you borrowed, which helps save on interest and shortens the loan duration.
It is a simple and smart way to manage your money without changing your lifestyle much.
CA Nitin Kaushik proposes a strategy to reduce home loan tenure and interest without lifestyle changes.
A 30-year loan offers lower EMIs, creating cash flow flexibility.
The plan involves making one extra EMI payment annually, preferably with a salary hike.
This extra payment reduces the loan principal and significantly lowers the interest burden.
The strategy can save ₹34+ lakh in interest and shorten the loan term by 13 years.
- Who
- CA Nitin Kaushik.
- What
- A strategy to reduce home loan tenure and interest.
- When
- The strategy is explained in a recent post by CA Nitin Kaushik.
- Where
- The article focuses on home loans.
- Why
- To save money and shorten the home loan repayment period.
Longer Loan Terms
Shorter Loan Terms
Benefits
Longer Loan Terms
Higher Interest
Shorter Loan Terms
Lower EMI, greater flexibility
- Loan Term Advantage
- Lower EMIs & more cash flow flexibility
- Extra Payment Frequency
- Once a year
- Recommended Payment Timing
- When salary hike received
- Interest Saved
- ₹34.1 lakh
- Years Saved
- 13 years
