Need A Financial Product Forums Loans What should I choose ? pre-EMI or EMI for SBI maxgain

This topic contains 1 reply, has 2 voices, and was last updated by  John A 2 years, 10 months ago.

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    John A
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    I have purchased an under construction flat in Greater Faridabad. I have borrowed loan for this for Rs. 28 lakhs from SBI under max gain home loan scheme at 10.10%. The loan is for 25 years. The loan is not completely disbursed and the complete amount will be released by bank in next 6 months. I am confused whether I should pay pre-EMI or EMI? Can I change pre-EMI to full EMI before possession?

    #48085

    I will suggest you to go for full EMI option starting from the day you begin paying installments. This will save your interest outgo in future.

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