Can I pay the home loan early?
Yes, you can pay your home loan early. This is called prepayment or foreclosure, and it helps reduce your loan burden. By paying early, you save money on interest, shorten your loan term, and become debt-free faster.
When you use a home loan interest rate EMI calculator, you can clearly see how your monthly payments and interest change if you prepay. Many people don’t realize how much interest they can save by simply making one or two extra payments every year. This is why using a home loan interest rate EMI calculator before and after prepayment is helpful.
Some banks may charge a small fee for early payment, especially if your loan has a fixed rate. But most home loan interest rate EMI calculators online can show whether it's still worth it. If your loan is on a floating rate, most lenders do not charge a penalty.
Always use a home loan interest rate EMI calculator to check:
https://www.laxmigroup.co/home....-loan-interest-rate-

How do prepayments affect my loan and EMI?
Prepaying your home loan means paying extra money toward your loan before the scheduled EMI dates. This can reduce your loan burden significantly. Here’s how:
When you make a prepayment, your bank uses that amount to lower the outstanding loan balance. As a result, the total interest you pay over the loan term decreases. You can either reduce your loan tenure (finish the loan earlier) or reduce your EMI (monthly payment). Most people choose to reduce the loan term because it saves more on interest.
If you're planning a prepayment, use a home loan interest rate EMI calculator to see how it will impact your EMI and interest. For example, if your home loan is ₹25 lakhs at a 9% interest rate for 20 years, prepaying ₹1 lakh could save you thousands in interest.
By using a home loan interest rate EMI calculator, you can check:
How much your EMI will change after prepayment


How many months you can cut from your loan term


How much total interest you can save


A home loan interest rate EMI calculator helps you make smart decisions based on your financial goals.
In short, prepayments help reduce your home loan burden and can save a lot in interest. Always check the impact using a reliable home loan interest rate EMI calculator before making a decision.

https://www.laxmigroup.co/home....-loan-interest-rate-

Can I get a 100% loan?
Getting a 100% home loan sounds ideal, especially for first-time buyers. But in reality, banks in India usually do not offer 100% home loans. Most banks and financial institutions offer up to 80%–90% of the property value as a loan. The remaining 10%–20% is called a down payment, which you have to pay from your own pocket.
🏦 Why You Cannot Get 100% Home Loan:
Banks follow guidelines set by the Reserve Bank of India (RBI).


For safety, they ask buyers to invest something from their own savings.


It also reduces the bank’s risk if the property value drops.


Even if you have a good CIBIL score, stable job, and low existing loans, 100% home loans are generally not approved by reputed lenders.
https://www.laxmigroup.co/home....-loan-interest-rate-

Does Laxmi Group provide loans?


No, Laxmi Group does not directly provide home loans. However, they do help buyers with loan assistance by connecting them to trusted banking and financial institutions. If you're buying a 1 or 2 BHK flat from Laxmi Group in Ahmedabad, they can guide you through the process of getting a home loan from a bank or housing finance company.
Most of Laxmi Group's projects are RERA approved, which makes it easier to apply for a loan from major banks. You can also check your eligibility using a home loan interest rate EMI calculator — it will help you know your monthly payment, total interest, and repayment schedule. This tool is useful if you're buying a property for the first time.
Before you apply, it’s good to:
Compare home loan interest rates


Use a home loan interest rate EMI calculator to plan your budget


Ask the bank for a repayment plan based on your income


Make sure the property is approved for funding


In short, while Laxmi Group doesn’t give loans directly, they assist buyers in getting the best options. Always use a home loan interest rate EMI calculator before signing any loan papers. It helps you clearly understand what you will pay over time. Use the home loan interest rate EMI calculator to compare different banks and choose wisely.

https://www.laxmigroup.co/home....-loan-interest-rate-

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