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Home loans: managing repayment, rate of interest and emis

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Home loans: managing repayment, rate of interest and emis

Last updated: March 31 2020
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  • #11

    #11

    Re : Home loans: managing repayment, rate of interest and emis

    Prepaying a home loan gets a little difficult for salaried individuals running on a budget as most of them have little scope of arranging extra or sparable cash in the later years once the home loan is taken and emis start running.

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    • #12

      #12

      Re : Home loans: managing repayment, rate of interest and emis

      Originally posted by Malvish View Post
      Prepaying a home loan is a very beneficial decision for home buyers as it helps ease the burden of emis.
      I haven't taken any loan till yet but need some information.

      If you have surplus of 1 Lac then how you do prepayment of it? how it will be different paying than EMI? Where you define it's Prepayment not EMI.

      Is there any charges on it?

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