Is partial prepayment good for Personal Loan?

Accepted Answer ✓ Accepted

Partial prepayment is generally good if it reduces interest burden without affecting emergency savings. It lowers outstanding principal and improves debt profile. However, borrowers should avoid using all savings for prepayment, as liquidity is important.
1 upvotes

Suggested Answers

It’s good if you still keep enough savings for emergencies.
0 upvotes by Gaurav Mishra

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