Man took Rs 45 lakh home loan in 2018 & cleared it 8 years early. But friends say he ma...

This report covers key India-focused updates related to loans, EMI, interest rates and banking. Man took Rs 45 lakh home loan in 2018 & cleared it 8 years early. But friends say he made 'financial mistake'. Here’s why the internet is divided A Reddit user sparked debate online after revealing they paid off a Rs 45 lakh home loan eight years early by putting every spare rupee towards prepayment instead of investments. While some friends criticised the decision, arguing the money could have generated better returns through mutual funds, the homeowner said becoming debt-free brought unmatched peace of mind and better sleep. Friends Said Investing Would Have Been the Better Choice Social Media Users Back the Decision to Become Debt-Free