How to reduce home loan tenure if EMI is stretching beyond retirement age: 5 tips

Lenders do not usually increase their repayment tenures beyond their respective retirement ages. However, you can consult your existing lender and refinance that balance amount into another loan and keep paying it off in smaller monthly settlements. Having a co-applicant with a steady income is great in such scenarios. You may even end up availing of lower interest rates,” says V Swaminathan, Executive Chairman at Andromeda loans and