6 replies on this article “Is ECS the best way to pay Home Loan EMI or can we do online transfer manually ?”

1. Manshi says:

   October 21, 2013 at 8:48 pm

   Thanks Ashal.

   Reply
2. ashalanshu says:

   October 21, 2013 at 6:28 pm

   Dear Manshi, why are you not opting the easy route? Please ask your bank to change the ECs date from 10th to 2nd. it ‘ll save your manual work and a lot of headache.

   Thanks

   Ashal

   Reply
3. Manshi says:

   October 21, 2013 at 4:30 pm

   Hi,

   I have bought HomeLoan from Indian Bank for 20years.

   Thanks
   Manshi

   Reply
4. ashalanshu says:

   October 21, 2013 at 4:02 pm

   Dear Manshi, which loan you are talking here? Is it SBI Max Gain? Unless your basic loan is not daily reducing balance loan, you ‘ll not save the interest from the way you are thinking.

   Thanks

   Ashal

   Reply
5. Manshi says:

   October 21, 2013 at 3:46 pm

   Hi Ashal,

   If I set ECS everymonth 10th it will deduct amount from my SB account. But I am not waiting upto 10th, so I am transferring EMI amount from SB a/c to my Loan a/c every 2nd of the Month. It will save some interest amount right?

   Could you please advice on this.

   Thanks and Regards,
   Manshi

   Reply
6. ashalanshu says:

   October 21, 2013 at 12:47 pm

   Dear Manshi, to keep the system automated, no lender ‘ll allow manual credit of EMI.

   Thanks

   Ashal

   Reply

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