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Seven smart approaches to reduce loan burden without stressing your wallet

In the event that you also battle to repay your loans, you may have to tweak your approach. Below are a few techniques which will help you manage the debt situation better.

Also before he booked an appartment in Gurgaon this past year, Rajeev Navlur had chalked away a plan to settle your home loan he would decide to try buy the property. “Repayment associated with loan had been my main concern. We began preparing when it comes to EMIs also prior to the loan had been approved, ” says the marketing manager that is mumbai-based. The home was under construction, so Navlur opted for a moratorium that is 15-month EMIs and paid only easy interest from the amount disbursed by the lender. Year in those 15 months, he saved aggressively to accumulate funds to cover the EMI for the next one. Continue reading