SomeRandomName
TF Buzz
Hi, I have a home loan of (say 1 cr). Suppose 70L got disbursed and I pre-paid 30L. The current EMI is around 1 lakh. (Since on last disbursement, I asked to keep tenure constant) Hence high EMI for remaining tenure of 4 years.
Now for the next disbursement, (Around 7L) I want the EMI to be same and tenure to be increased. (Not to 20 years obviously but by 8-9 months).
Is that possible?
As far as I heard, there are 2 options.
1. Reset to 20 years. (EMI reduction)
2. Tenure remains same (EMI increment) -> This was done on disbursement up until now.
Is there an option for EMI to be kept same on follow up disbursements?
Please guide me if it is possible, I don’t want both 20 years tenure of EMI (Lot of interest to be paid) and I cannot pay more than 1 lakh EMI for all the remaining tenure.
Now for the next disbursement, (Around 7L) I want the EMI to be same and tenure to be increased. (Not to 20 years obviously but by 8-9 months).
Is that possible?
As far as I heard, there are 2 options.
1. Reset to 20 years. (EMI reduction)
2. Tenure remains same (EMI increment) -> This was done on disbursement up until now.
Is there an option for EMI to be kept same on follow up disbursements?
Please guide me if it is possible, I don’t want both 20 years tenure of EMI (Lot of interest to be paid) and I cannot pay more than 1 lakh EMI for all the remaining tenure.
