Tips to manage your home loan efficiently
The Free Press Journal|August 07, 2022
The home loan makes it easy for individuals to houses of their dreams. Hence, it is imperative to accumulate all the information before applying for a loan so that one can effectively manage it.
Tips to manage your home loan efficiently

Home loans are serious financial commitments and should be taken up only when you are confident that you can manage them alongside other expenses. With a little planning, you can do both, enjoy life and live within your means. Here are some tips that can help you with home-loan management:

Money management

Since you have a home loan to pay, it becomes important to manage your finances well. An important part of doing that is by getting your money management skills in place. If you aren’t sure how to do it, you can always consult your CA for guided

Never miss the instalment

You should manage your earnings and expenses in a way that monthly instalments or EMIs can be paid on time without missing any. Being punctual enhances your creditworthiness and keeps your financial journey on point. It also becomes easier to avail loans in the future, because your credit score impacts your credibility in the eyes of future lenders.

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