Q:Hi, recently I have booked under-construct Villa project and taken home loan, but I am confused which option should I opt for EMI? Which one is better Pre-EMI or Full EMI?
Latest Answer: Hi, I opted for a full EMI for my house loan with SBI. I was supposed to get the possession in an year's time. But now I see the builder is delaying the project and it may be 3-4 years until possession. In the meanwhile it's going to be a problem for me to be paying both house rent and EMIs as well as for my child's education starting next year. Is it possible to switch from full EMI to pre EMI now? I have already been paying the full EMI for the past one year and the bank has disbused about 10 lakh so far.
Latest Answer: Hi Mr Akash Kanojia,
Living within their own residence - associated not a rented accommodation - remains an endless anticipate lakhs of individuals agency set-aside residential units in the NCR. Over 72 % of the 6.45 lac homes that were speculated to be bimanual over to consumers by this year are delayed by anyplace from 2 to 4 years.