Look for banks offering lower interest rates and consider refinancing your home loan, which can be beneficial in the long run
Convert your floating interest rate to a fixed one to shield yourself from rising interest rates
Avoid accumulating new debts or defaulting on payments, as these can disrupt your financial planning and impact your home loan repayments
Set up automatic home loan payments to ensure timely repayments and avoid penalties
Whenever possible, make extra payments on your home loan, such as weekly or fortnightly payments, to reduce the overall repayment amount
Use windfalls like tax refunds, work bonuses, or unexpected gains to make additional home loan payments