You can reduce home loan interest by negotiating the interest rate with the lender, choosing a loan with a lower interest rate, or selecting a floating rate home loan that tracks market rates. You can also think about making regular prepayments or extra payments towards the principal amount, which can help reduce the interest amount and the loan term. Another option is to refinance the loan with another lender that offers lower interest rates, or to negotiate a lower rate with the current lender. Before making any decisions, it is critical to compare various options and understand the terms and conditions.
