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 approximately halve the EMIs, in addition to interest savings.
AI Evaluation Notes
Extending loan tenure generally reduces EMIs, but halving them also depends on the interest rate and the original tenure. While the prediction is generally in the right direction, the extent of EMI reduction can vary significantly.

Prediction Details

Topic
EMI Reduction through Tenor Extension

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