ilmscore | Prediction Details
"But if you tell them that you will take this 5,000 rupees and reduce my tenure, not my EMI, then this is a big mistake. People make when they make a prepayment, the bank says, 'Sir, reduce the EMI.' And we all reduce the EMI. Why? Because we like reducing the EMI. We feel that we have saved money every month, but because of that, you are still paying the loan for 15 years."
By warikoo | December 14, 2024 | Pending
From video
Managing INVESTMENTS and a LOAN | Money Matters Ep. 40 | Ankur Warikoo Hindi 00:30:08 - 00:30:33
Interpreted Prediction
When making prepayments on loans, Shubham should prioritize reducing the loan tenure over lowering the EMI to save on interest.

Prediction Details

Topic
Home Loan Prepayment Strategy

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