If I buy a home loan on 20 yrs tenure, but payup the whole amount within 4 yrs by higher emi per month, do I incur any additional charges/cost? Additionally, would you take this early payment approach or rather use the extra monthly cash to buy another real estate? Tc: 200k
Check this when you are taking the loan - it has all these clearly mentioned in terms and conditions
Not all. Some allow balloon payments
🎈💸???
Prepayment