7 Major Benefits of Closing A Home Loan Early Since April 2012, lenders stopped charging foreclosure fees on variable interest rate house loans following RBI regulations. Previously, these fees amounted to 5% or more of the principal, making early repayment costly. Consider factors like tax benefits, interest rate savings, improved credit eligibility, home equity, peace of mind, and better resource allocation before deciding to foreclose. Redirecting freed-up cash flow towards other goals may offer higher returns. #investkraft #india #homeloan #loan #prepayment #finance #financialcompanies https://bit.ly/4bGQURL