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Hi Can U xplain?
by ujjwal on Apr 09, 2007 12:55 PM   Permalink | Hide replies

I have taken home loan from SBI 5.11 lacks for emi period is 15 Yrs(floating rate 8.75%).
Now every months i am paying Rs 5,100.

Is it be increase emi amount??
Why or this Govt are not thinking about this and also hiking price of every commodity??

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  RE:Hi Can U xplain?
by mottu on Apr 09, 2007 12:56 PM   Permalink
Yes you can . But read this before doing . Pls check with your banker . In some banks if you are planning to pay more EMI than the current EMI then 2% will be charged as penalty on excess amount ( say your EMI is Rs 15000 and you are planning to increase to Rs 20000 then 2% of Rs.5000 ( Every month )will be charged as penalty ). Pls check with your bank before increasing


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