POSTED BY March 14, 2013 12:58 am COMMENTS (14)ON
I would be taking loan from SBI for 30L for construction linked plan and currently in progress.
If I get capacity to pre-pay, I shall do it.
Should I opt for pre EMI for full EMI ?
Will the principle be reduced in pre EMI plan? On full EMI will interest be calculated on disbursed amount?
If I take pre emi can I still contribute to pricipal amount and if yes, later when full EMI starts will bank calculate EMI on 30 – (part payed)
I do see simillar thread:
but not clear
Thanks in advance.