Is it advisable to opt for prepayment of housing loan in lumsum

 Thanks, Answer above  is not clear, there are 2 aspects of query.

1.. assume one  has certain funds, which he do not wants to invest in FD/ MF/ or utilize  for buying of furniture-jewellery

 then is it advisable /recommendable for him,to prepay part of housing loan .

2. as banks/ housing loan companies , opt  for EMI with major charged as interest component , minor is towards principle  ,in that scenario, whatever slum amount borrower repays , goes to interest component as major and minor towards repayment of reduced principle amount.

 so thus is it advisable for HL borrower to repay part of HL as lumsum one