POSTED BY July 2, 2013 2:46 pm COMMENTS (7)ON
I had gone though your site and it has good information. I need a small clarification on housing loan. I have recently taken housing loan from ICICI under ADF so whole amount go disbursed to builder. I still dont have clarity weather I am in profit or loss. My EMI gets started from very first month and banking is taking only interest till possession. I am not worried about extra amount that I pay but wanna know which fetches me good returns. Paying only Interest or do I need to pay Principal+Interest from my first EMI? Loan is for 20 Years. At what point of time(after how many years) do I need to close my loan(doing pot payments on regular intervals) so that I will be in profit.
Best Regards, Srikanth