InvestorQ : When should a borrower opt for the pre- EMI payment?
Kunal Verma made post

When should a borrower opt for the pre- EMI payment?

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Ankita Patil answered.
3 years ago
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: A pre-EMI payment is when you repay only the interest due on your loan amount. Pre-EMI payment is made when the house/ apartment you purchase is being constructed and the pre-EMI period ends once the construction is completed.

You should choose a pre-EMI loan option if:

- You have less money to pay the rent as well as the loan repayment EMI

- You plan to sell the property in the first few years after construction

- You wish to sell the property right after the construction is completed

- You are facing a financial crisis and need money urgently

- You want to further invest the difference amount between pre-EMI and full-EMI in an investment that can earn you relatively higher returns.

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