Money Guru: Where To Invest Lumpsum? Should You Go For SIP Or Pay EMI? Expert Decodes The Right Solution

Banks made home loans expensive. The effect of increase in interest rate can be reduced by pre-payment. You can cut down on EMIs by making higher prepayments. In between, one can pre-payment in lump sum. The prepayment amount is deducted from the loan principal. Do not take too many loans. Pay EMI on time. Do not use credit cards excessively. Pay your credit card bills on time. Take loan only when you need: Hemant Rustagi, CEO of WiseInvest Pvt Ltd. Watch Money Guru.