Hi,
I have taken a home loan of 17 lakh for 20 years of which only 9.5 lakh is disbursed as yet.Pre EMI interest is being deducted of approx Rs8k.
Can you pls recommend the best options out of below:
1. Get Pre-emi converted to full EMI (of 17k) so that prinicpal also gets reduced
2. Continue paying interest only till full loan disbursement & pay partial repayments from after some intervals to reduce the liability(as its a construction linked plan)
Thanks in advance…!
Manish