What is the primary financial advantage of prepaying a home loan?

"Saving on the total interest paid over the loan term" "Increasing the loan tenure for better cash flow" "Reducing the principal loan amount without impacting interest" "Gaining access to lower interest rates on future loans"

Which tax benefit in India is specifically linked to the interest paid on a home loan?

"Section 80C" "Section 24" "Section 115BAC" "Section 80D"

What is a potential drawback of prepaying a home loan, especially in a falling interest rate environment?

"Missing out on potential investment returns" "Facing higher prepayment penalties from banks" "Losing tax benefits associated with home loan interest" "Increasing the risk of defaulting on the loan"

What is the concept of "opportunity cost" in the context of home loan prepayment?

"The risk of losing money in alternative investments" "The cost of borrowing money to prepay the loan" "The potential returns missed by not investing the money elsewhere" "The penalties incurred for prepaying the loan before maturity"

According to the text, what factor should be considered when deciding between prepaying a home loan and investing in mutual funds?

"The borrower's risk tolerance" "The current inflation rate" "The performance of the stock market" "The comparative returns after considering tax implications"