Date: 2008-09-05 00:00:40

Query : I am on 13 variable home loan rate my tenure is increased from 240 months to 477 months and same is my emi what should i do?
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Date: 2008-09-08 15:21:45

Message:

You have an option of approaching the bank & change either the tenure keeping the EMI constant or vice versa. Since it is a variable interest rate depending on the existing rates it will fluctuate.

Please revert with any clarifications on the above answer.

Regards,

Amitoj Sethi

www.deal4loans.com
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City : Mumbai
Employment Status : Salaried
Annual Income : 450000
Type of Loan Running : Yes
Loan Running : hl, pl,
EMI Amount : 27656
Tenure : 477
ROI Loan : Yes
EMI Paid : more than 12 months
Credit Card Holder : No
Residential Status : owned
Vehicle Owned : 4 Wheeler