When should a borrower opt for the full EMI payment?

A full EMI payment is when a borrower pays back the equated monthly instalment (EMI) inclusive of principal amount as well as the interest amount after the construction of the house or building is completed.

A borrower should opt for full EMI payment when:

- You have purchased the property as a long-term investment

- You want to repay your debt (loan) at the earliest

- You want to enjoy tax benefits as soon as the repayment tenure starts

- You can foresee a delay in the construction of the project

- There isn’t any better option for the investment of funds.