India, Jan. 11 -- Rohit Nag, 34, based in Kolkata, has a home loan of Rs.40 lakh. As the financial year-end approached, he wanted to maximise his tax benefits under Sections 80C and 24(b). He made a partial prepayment of Rs.2 lakh, calculated to fully utilise the remaining interest deduction under Section 24(b), allowing him to claim the maximum Rs.2 lakh deduction for the year.

By prepaying before March 31, Rohit reduced the principal for interest calculation in the current financial year, lowering interest outgo while keeping flexibility for future payments.

Should you prepay your home loan before March 31 2026 or in this financial year? Let us take a look.

Avoid making a hurried decision when it comes to prepaying your home loan. Yo...