Need A Financial Product Forums Real estate How to save maximum during moratorium period for home loan

This topic contains 1 reply, has 2 voices, and was last updated by  Hitesh Jain 2 years, 7 months ago.

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  • #47920

    Hitesh Jain
    Member

    I have purchased builder flat for Rs. 42 lakhs financed through SBI max gain home loan for Rs. 30 lakhs. I will get possession of my flat in mid 2015. Due to temporary constraints in financial condition, I have opted for 1.5 years moratorium period. Is there any way, though which I can save maximum during this moratorium period?

    #47921

    Ashok Malik
    Member

    Your financial condition is stressed and you will not be paying anything to the bank during this period. There will be no reduction in EMIs later and the burden will ultimately fall on your shoulders. So there is nothing to save.

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