Hello All,

I’ve applied for a Home loan of Rs. 50L with SBI. Its a Builder Flat under construction & estimated time of completion as said by builder is March 2016 i.e 23 months later.

Presently I am paying 30 percent of total CP from my funds & 35 percent is going to builder now. Rest amount will be disbursed in stages as per the completion of project.

ROI : 10.15 % & Period of 15 Years.

My Questions are:

1.) Should I start pre emi in this moratorium period of Full EMI from now itself.

2.) If I take pre EMI then monthly amount that i pay to bank will be less & i plan to collect my funds till the next installment & then i pay 30-40 % of amount & rest by the bank. Eventually at every request of money from builder i plan to utilize 30-40 % of my personal funds & remaining amount by bank. So when the building completes my loan amount would have been reduced substantially to somewhere around 35-38 Lakh which would then reduce my EMI as well. ( SBI offers the option of revising EMI twice during the entire loan period free of charge).