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Rising EMI
by Babu Joseph on May 02, 2007 02:29 PM   Permalink

I borrowed Rs. 10,000,00/for the purchase of a flat at an interest rate of 7.5% annum. Now it is almost 10.5% annum.

As the EMI increased at this exorbitant mode, I started redusing the expenses like mobile phone, electricity, travel, vocation etc. Apart from the same I even tried to alternate medicines to avoid the heavily charging alopathic treatment. Also re-arranged the house-hold budget. But paying some part amounts are not feasible as we are not able to save that nuch.

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The above message is part of the Discussion Board:
How to cope with rising EMIs?