ilmscore | Prediction Details
"What that typically does is not only that you save on 2% of interest, but uh your EMIs almost become half of what it currently is because your tenor has gone up."
By Finance With Sharan | March 27, 2025 | Correct
From video
60k Income, Managing FAMILY After Losing Father | Personal CFO Ep. 4 | Finance With Sharan 00:19:49 - 00:19:57
Interpreted Prediction
Extending the loan tenor during refinancing can reduce EMIs by approximately half, in addition to saving on interest.
AI Evaluation Notes
Extending the loan tenor does reduce EMIs, but halving them is not guaranteed and depends on the interest rate and the original tenor. It's a somewhat accurate prediction as it correctly identifies the direction of change but exaggerates the magnitude.

Prediction Details

Topic
EMI Reduction through Tenor Extension

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