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 tenure during refinancing can reduce EMIs by roughly half, in addition to interest savings.
AI Evaluation Notes
Extending loan tenure can reduce EMIs, but reducing them by 'roughly half' is an overstatement. Actual EMI reduction depends on multiple factors, including the interest rate difference and the length of the extension.

Prediction Details

Topic
EMI Reduction through Tenor Extension

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