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I would say save atleast 6 months liabilities amount (liquid) including all Emi. Afterwards start dumping all extra cash flow monthly

Don't pay home loan, it is the lowest interest loan u get. Start investing ur money.

I kind of agree with EY1 + it helps you save taxes abundantly

Pay off atleast 60percent of your hl as fast as you can, try both - increasing emi and paying extra lumpsun as the interest component is highest in initial period and principal is very low. Interest rates have fucked up tenures and increased emis as well, don't wait, just pay off. In case of emergency you can always pick up personal loans, but keeping the hl running for the longest periods is the silliest thing you can do.

Option 2. 100% money will be paid against principal.

If ur home loan is more than 50 lakhs then u won't get interest benefits fully. Interest benefit is upto 2L only/person. So if u want to claim the benefit in tax and also reduce emi burden pay in lumpsum to reduce ur outstanding from any amt to closer to 50L.

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Appreciate your help and su

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