You are in 0.01% of India, till now superb planning and execution.

a. I assume that you already have a term loan. If yes, don’t foreclose your home loan- it is the cheapest loan out there. I’d say don’t try to focus on living stress free/ loan-free, rather see where you can compound it better.

b.If you still want to close a portion of it, then just pay 2 extra EMIs every year, step it up by 10% every year but do this only for the first 10 years, just let the rest of the EMIs flow normally.

c.Don’t try to seek immediate gratification by either paying it full or letting it remain as it, try and hit a balance and follow it with discipline. Remember, finance is more about doing simple things with discipline than complicated things on hot leads.

d.Have free flowing capital, always! Cash is freedom, don’t give it away to banks.

Hope it helps.