I am planning to take SBI home loan for amount 16 Lacs, tenure 20 years. As loan amount is less than 20 Lac , SBI not giving Maxgain scheme (new amendment 🙁 )
I am confused between pre-emi and full emi..
opt 1: Paying full Emi from day 1
opt 2: Paying pre-emi for Moratorium period of 18 months and Amount saved which could have gone to loan repayment; invest that amount in Mutual Fund for 18 months. After 18 months, sell MF and use those money for loan repayment.
In which case there would be more benefits ?