Saving money on your home loan can make a significant difference in your overall financial well-being. One of the best ways to reduce costs is by negotiating a lower interest rate with your lender or opting for a loan with a competitive rate from the start. Another effective strategy is to make a larger down payment, which reduces the loan amount and, consequently, the interest you pay over time. Additionally, consider opting for a shorter loan tenure; while this increases your EMIs, it significantly reduces the total interest paid.
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