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How to repay loan for floating rate basis via EMI? – Property Hotline
Posted
May 13, 2016
Views
79
Comments
1
Engagement
1.27%
May 13, 2016
79
1
1.27%
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3:28Now PlayingM Fernandes from Doha said that he took a loan from HDFC on a floating rate basis in April 2016 for a project that will be completed in Sept 2016. He wants to pay the loan via EMIs, but the bank is forcing him to pay pre-EMIs instead. He wants to know how he can pay via EMIs. He adds that he has the funds to begin payment immediately. Expert Nitin answered the option to change from the Pre EMI to normal EMI option depends on the lender. Ideally if more than 80% loan is been disbursed, you should start repaying the loan to reduce the overall cost. Tune into the video to know the full answer:
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