If you have a home loan, it is important to repay it in time. However, sometimes it might happen that you are unable to make the payment on time due to personal reasons or other unavoidable circumstances. In this case, there are some easy ways through which you can repay your home loan quickly and without any additional charges:

Avoid late payment.

This will cost you more in the long run. Make sure you budget for your repayments and don’t let them slip through the cracks. If you are struggling to pay, contact your lender and ask about a repayment plan that works for your situation or talk to a financial advisor about securing a loan from another lender with better terms.

Top up your home loan with a personal loan.

If you need money to pay off your home loan, you should consider a personal loan. This can be done by filling out an application form and submitting it online. It will be processed within minutes because there are no hassles involved. Once approved, the money will be transferred directly into your bank account within 24 hours.

To repay for home loans fast, you should pay off your personal loan as soon as possible. One way to do this is by paying extra amounts on top of what’s required each month until the entire balance has been paid off completely. If done correctly and consistently over time, doing so will save you from having to pay any interest charges or fees that may come with using credit cards or other types of loans such as overdrafts.

home loans

Make a part prepayment of home loan.

When you make a part prepayment of home loan, you save money and time. This is because you avoid paying any penalties for early repayment.

A prepayment is the amount of money that you pay before your due date. When you make a full prepayment of home loan, it would include all amounts that are due to be paid on or before the maturity date (due date). If a borrower makes an after-tax payment but does not specify how much goes towards principal and how much goes towards interest, then we assume half goes toward principal and half goes toward interest. On the other hand when making part prepayments there are two options:

  • Make partial payments throughout the life of your loan (e.g., $1,000 per month) which will reduce your balance but may result in higher interest costs over time; or
  • Make one large lump sum at any time during its term which will decrease interest costs faster than making partial payments but may increase overall cost if made too early in life of loan.

Balance transfer your home loan.

One of the easiest ways to repay your loan is by transferring it to a personal loan. You can transfer all or part of your home loan balance, making this method ideal for smaller debts. You can also transfer your entire home loan balance and use that amount for other expenses, such as paying off credit card bills or helping family members in need.

Additionally, this option allows you to create an interest-free period so that you can pay off any existing interest that may be due before your home loan becomes zero again. When doing so, it’s important not only to make sure that there aren’t any hidden fees but also that there won’t be any issues if anything goes wrong with the new provider (such as being unable to pay back). This way you won’t have another problem on top of what already exists!


In the end, it’s important to remember that there are many different ways to pay off your home loan faster. While some options may be better for you than others, each can help reduce the amount of time it takes to pay off your balance—and that’s something we all want!