Senior member need Advice regarding tranche based emi.
Read more
Reply
1 Replies
Sort by :Filter by :
  • Those purchasing an under-construction property need to pay interest on the loan amount drawn based on the level of construction till the property is ready.

    Tranche-based EMI is a special facility offered by some banks to help you save this interest. You can fix the installments till the property is ready.

    The minimum amount payable is the interest on the loan amount drawn. Anything over and above the interest paid by the borrower goes towards principal repayment. You benefit by starting EMIs and hence repay the loan faste
    CommentQuote