Q:I like to buy home loan of 3000000 from lic and the emi is nearly 30000.If i pay the principle in advance every month i.e if i pay 40000 as my emi whether the emi for the next month will be recalculated or i have to pay 30000 every month.My question is whether the emi remains same for 20 years even if i pay the principle in advace?
Latest Answer: Hello..although different banks offer different scheme but as per my knowledge...your emi will remain the same...the bank recovers the interest amount in first few years and then recovers the loan amount. But to confirm this you should go through your loan papers once again. Things will be clearly stated in papers.
Q:Do you have flats for rent in any of your projects Residency/Palace? Please give price, area, car parking details along with registration and other charges if any.
Latest Answer: I had come across a small article about this. I am giving it for your response.
Read to know more about it.. Illegal parking charges in apartments.
