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Ideally it depends on opportunity cost. If you are someone who is investing in Equity index mutual funds (expected long term return of 12-15%) then paying home loan interest (7-9%) in a longer tenure won’t hurt you. In the above scenario it’s best to reduce the principal by half at the earliest and then continue with your regular EMI such that you don’t feel a lot of interest pressure.

However, if you are more conservative investor who traditionally invest in FDs, PPF, RDs, etc then it’s better to close your loan as soon as possible.

At any point it is advisable to not have your EMI more than 30% of your take home salary.

Hope this helps and best of luck👍

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