Need A Financial Product Forums Trading/Investments What do you suggest ? Pre EMI or Full EMI

This topic contains 1 reply, has 2 voices, and was last updated by  Nidhi Arora 2 years, 2 months ago.

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    Nidhi Arora

    I have taken loan from SBI for an under construction flat. Construction is expected to complete in 2017. I am paying pre-EMI as full amount of loan has not been disbursed. I have two options ? either to start paying full EMI or to continue with pre-EMI and accumulate the amount to pay to the builder later. Which one will you suggest me?


    Chintan Shah

    If you start paying full EMI then you will be able to pay a large portion of your principal amount during the construction period. This happens because during this period, interest will be calculated on the disbursed amount.

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