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, 1 month ago.

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  • #48360

    Nidhi Arora
    Member

    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?

    #48361

    Chintan Shah
    Member

    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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