Before you take a loan, it is important to understand how much you will be able to pay back without comprising on your other needs.Once you have an overview of your budget, location, size of the house, etc. in place, it is imperative to compare multiple options that you have to obtain a loan. Different banks and organisations offer different rates of interest, tenure and other specifications and it is extremely important to compare, understand and analyse which one works best for you both immediately and in the long run.The credibility of the bank, their relationship with customers, reliability, etc. has to be carefully scrutinised before choosing a money lender for your housing loan. Making a budget of how much you need to spend, and chalking out a save and spend plan will help you manage your funds and prevent any unwanted complications. One of the easiest ways to clear home loan faster is by paying higher EMIs. Opt for an EMI amount that will help you clear out the loan in a shorter period of time. Invest in some other reliable source of additional income that you can use to cover your expenses and pay a bigger amount towards your loan.Partial pre-payment is a another way to lower your loan tenure. Banks often charge interest rate on monthly, quarterly or daily basis. It is best advised to opt for the daily basis as the principal amount to be paid will be reduced on an everyday basis.If at any given point you feel one bank is giving a lower rate of interest as compared to your current bank, you can shift your loan to the bank of your choice. This can be done through the Balance Transfer Schemes.Lastly, the most important factor to keep in mind is consistency. It is important to pay your installments every single month without fail. Failing to pay regularly is one of the biggest hindrances to clearing a home loan fast.These simple tips on how to clear home loans faster in Mysore, India will help you tackle your home loan in a more a relaxed manner without making it a burden for you.