Things to keep in mind while planning your Housing loan EMI

Comments 0
Many borrowers seldom see home loan statements and thus are unaware of huge interest component they are paying. Many borrowers seldom see home loan statements and thus are unaware of huge interest component they are paying.
SummaryRemember that banks grant you loan based on net take home pay, and not based on what you save.

earlier than planned. The longer the loan tenure, the more the interest repaid, hence its best to repay your home loan in the shortest loan tenure possible, provided it can be managed comfortably within your income. The more you pay off your home loan, the more of the property you own, and the more equity you build up.

- By Brijesh Parnami

CEO – Distribution, Destimoney Enterprises Private Limited

(The views expressed here are author's own)

Single Page Format
Ads by Google

More from Personal Finance

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...