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Seven ways that are smart reduce loan burden without stressing your wallet

Seven ways that are smart reduce loan burden without stressing your wallet

In the event that you additionally find it hard to repay your loans, you may have to modify your approach. Here are a few strategies which will help you handle your debt situation better.

Even before he booked an appartment in Gurgaon just last year, Rajeev Navlur had chalked away a strategy to settle your home loan he would try choose the home. “Repayment associated with loan had been my main concern. We began preparing for the EMIs even ahead of the loan ended up being approved, ” states the Mumbai-based advertising supervisor. The house ended up being under construction, so Navlur opted for a 15-month moratorium on EMIs and paid only easy interest in the quantity disbursed because of the loan provider. Year in those 15 months, he saved aggressively to accumulate funds to cover the EMI for the next one.

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