Unlock Financial Freedom: How Part-Prepaying Your Loan Saves You Thousands Discover the powerful benefits of part-prepaying your loan! how lump sum payments can drastically reduce interest, shorten your loan tenure, and lead to earlier financial independence? Are you looking for smart ways to manage your debt and reach your financial goals faster? Making an extra payment on your loan, often called a part-prepayment or lump sum payment, can be a game-changer. This simple yet effective strategy directly reduces your outstanding principal amount, setting off a chain reaction of benefits that can significantly impact your financial health. What Happens When You Part-Prepay Your Loan? When you make a lump sum payment, your loan principal decreases, opening up two primary avenues for improvement: * Lower EMI (Equated Monthly Installment): Your Monthly Relief * This is often the first option lenders offer. With a reduced principal, the interest calculated on your loan ...