Why am I paying full EMI even though the disbursement is not FULL ?

POSTED BY suresh045 ON July 12, 2014 8:13 am COMMENTS (4)

SIR, I HAD TAKEN LOAN OF 22.53 LACKS LOAN FROM UBI BANK AND STARTED FULL EMI FROM FIRST MONTH. I HAD TAKEN ONLY FIRST INSTALLEMENT OF 12.50 LACKS ON DEC 2103.

IT WILL TAKE ANOTHER 1 YEAR FOR TAKING FULL INSTALLEMENT. NOW IAM PAYING 24600 EMI.

PLEAE ADVICE ME IS IT CORRECT OR NOT .

4 replies on this article “Why am I paying full EMI even though the disbursement is not FULL ?”

  1. suresh045 says:
    August 16, 2014 at 5:02 pm

    thank your air VinManHBK007

    Reply
  2. suresh045 says:
    August 16, 2014 at 4:58 pm

    sir is there any home loan calculator available which separately shown / calculates principal and interest on varying amount released /or half amount released when full emi started.

    Reply
  3. suresh045 says:
    August 16, 2014 at 4:56 pm

    sir is there any home loan calculator available which separately shown / claculates principal and interest on varying amount released and dates when full emi started.

    Reply
  4. VinManHBK007 says:
    July 20, 2014 at 5:00 pm

    Your full EMI will reduce the Principal amount after calculating what you should pay for 12 lacs disbursed. This will help you in the long run to reduce the interest paid to the bank because principal is getting reduced. Hope that clears your doubt.

    Reply

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