Nov 10, 2008 by Prashant Mandhare | Posted in Investing
HI,
i have taken home loan of 17,37,000/- Rs. from HDFC bank, with initial tenure of 20 years. (i have paid only 1 emi till now, so it's fresh loan). Now i was just wondering whether tenure of 10 years or 20 years will be benifetial?
The basic rule is to commit yourself to the lowest payment possible and then pay the most you can. Or that you will want to pay.
If you get in to trouble, like losing a job, you would want the lowest payment possible to avoid defaulting.
Thor | Nov 11, 2008
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