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, 3 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #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.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...

GET IN TOUCH WITH US

Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email : connect@simplypaisa.com