New Delhi, May 26 -- Personal loans are a popular financial tool for efficiently managing various expenses such as education, marriage, medical, home renovation expenses etc. Still, paying the loan on a consistent basis and at a faster pace can save borrowers significant amounts in interest payments and improve their overall credit profiles.

Vikkas Goyal, founder of Rupee112, says "Paying off a personal loan faster isn't just about making timely EMIs-it's about being strategic. Using bonuses, tax refunds, or even small prepayments can reduce your interest burden and loan tenure significantly, helping you become debt-free sooner."

Here are five practical strategies to expedite your personal loan repayment:

If you decide and consistently...