POSTED BY September 20, 2013 10:03 am COMMENTS (4)ON
I have taken Rs. 3,50,000 Car Loan in December 2011 for 7 years with EMI of Rs. 6,039 form State Bank of India. now current outstanding loan is around Rs. 285000. Now i want to pre payment about 100000 and also want to increase my emi, is it possible? After prepayment of above said amount and emi increase by 2000 i.e. 8000, what will be the outstanding amount and tenure at the same time
Please let me know your thoughts.