For most of us, owning a home remains the ultimate life goal, with everything else remaining the same. Owning a house that’s truly yours has been a milestone for every family, but this dream has remained a dream for many, especially as housing prices rise to the point where an average working professional will need an entire lifetime to pay off their home loans.
In such a scenario, one Delhi guy has shown how it’s possible to pay off your loans within your tenure, even if it means sacrificing more than you think.
On a now viral post on Reddit, this guy explained how he managed to clear his ₹ 53 lakh home loan, and the sacrifices he made to clear it within 6 years.
He explains how the loan was the biggest motivator to push ahead in his career, forcing him to chase bonuses, keep expenses in check and stick to a solid repayment plan that helped him clear the loan, which included ₹53L principal along with ₹14L interest.
For many, buying a home is an emotional decision, especially as you don’t need to worry about your landlord evicting you the moment you reach home after an exhausting day.
This Delhi lad showed how important it is to complete your financial commitments on time, even as the stress and anxiety of clearing your EMIs on time can get over you. Many congratulated his achievement, hoping they could do the same themselves.
“Spot on bro, the stress and pressure becomes unreal at times. Things you could have done otherwise keep taunting you I had a 85 lakhs home loan Last 9.5 lakhs left, can’t wait for the day I clear my last EMI Looking forward to that day.” one guy commented.
“Well – f***ing hard work and earn like crazy – maybe don’t overthink your life. Don’t wanna brag, but I paid off my home loan amounting 75 lacs within 3 years and now own 3 homes – I am 29. I didn’t give a f*** much but made sure to work my ass off and INVEST a considerate amount from my monthly payment every month for last 5 years (I was late for financial maturity),” another added.
“ I agree with what you shared. I took a loan of 1.15 cr (joint) in start of 2022 and paid back just last month (Sep 2025). Yes, the headache is off the chest as we kept preparing whatever we saved every month including bonuses. Our accounts never had more than 1 lakh bank balance since the objective was to just payoff the loan. However, what I also missed is – Home loan is at just 7.5% ROI with tax saving benefits taking it down to 6% ish. Nowhere you get such cheap money. Had I repaid the loan over 10 yrs instead of 3.5, I could have used the money maybe in Mutual funds or equities or gold and made better returns. So net net what I realised is a loss of atleast 2-3 lakhs a year (Delta between cheap home loan and better returns elsewhere) over another 6-7 yrs of time I had to repay which is around 14-15 lakhs at the least. But sometimes, it’s ok to take it off the mind and live debt-free,” a third added.
Across the thread, many spoke of their own challenges- with paying off loans, struggling to pay off loans or missed opportunities to pay off loans. Others wonder if they’re doing the right thing by pre-paying their loans or just expecting to do much more than they need to. Go through the thread to see for yourself.
I Paid Off My ₹53 Lakh Home Loan in 6 Years — Here’s What I Learned
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<p>The post What does it take to own a home? This guy explains how he spent 6 years clearing his ₹53 lakh loan first appeared on Hello Entrepreneurs.</p>
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