Situation dos We take a mortgage out of 300000 lakhs % having twenty years

Providing loan isnt a detrimental material therefore will not carry a danger in it, however, their just so when your perform it properly. When you have one second thoughts away from this particular article delight exit your ask on the remark part.

Basically do part repayments per year (say 2/step three lakhs every year) as well as typical EMI’s ; and you can pay back the mortgage amount in the a decade ; usually my personal full appeal payable to help you lender end up being the same as Instance step 1 (we.elizabeth. 16 lakhs) Due to the fact go out taken to pay-off are ten years in both cases.

I would like to Leasing Mortgage function the bank. And you will my personal lease arrangement is actually for 9 many years and you can my month-to-month lease are Rs.1,50,000/- and therefore Raise yearly 5% . Request you delight book me personally ways to get create my yearly 5% boost amount using my New Book step 1,fifty,000 + 7500 =1,57,five hundred How-to capture and you may include my above number every year.

I got a mortgage from a good co-medical lender. the facts are as follows:- Loan amount: 15 Lakhs Tenure: 180 days Interest : a dozen % (Floating rate of interest)

Total interest payable by end from ten years so you’re able to lender is actually approx sixteen lakhs (computed on line)

What exactly are our company is paying the EMI from 18,003 continuously, however months straight back the financial institution altered the interest rate however, failed to let us know of your own changes & i kept on paying off within a dozen%. Read more