Hi,
I have a home loan of Rs. 5 lac for which branch manager has intentionally increased loan tenure by 24 years instead of 5 years what I agreed. As per schedule the EMI is 4k per month which is charging higher interest every month.
My query is that if I am paying 10k per month, will it reduce interest portion till the loan is completed paid off.
Please solve me query...
Menu
Home Loan repayment query
Replies (5)
Yes, If You pay excess amount above EMI then it will reduce early closure...
But,
Why the manager extend it fro 5 to 24...???
But,
Why the manager extend it fro 5 to 24...???
The procedure:
write a letter to bank convincing of the problem you are facing
reschedule the loan
write a letter to bank convincing of the problem you are facing
reschedule the loan
RAJA sir...will it reduce interest also?
Yes, May be...
As per that Loan Procedure**...
As per that Loan Procedure**...
All loans are being disbursed at mclr rate.
Recent Threads
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
Related Threads
CAclubindia
