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Advantage of early partial payment of...

Chalanachithram.com DB » Archives » Archive through February 05, 2010 » Advantage of early partial payment of loans « Previous Next »
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Idle_yzag
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Posted on Wednesday, February 03, 2010 - 04:25 pm:       


Getafix:


annai rules yemaina change ayyayi emo telvad but housing loan aithe last 11 months vadilesi remaning payment theskuntadu
RahulGandhi/JP/Chiru
 

Getafix
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Posted on Wednesday, February 03, 2010 - 04:23 pm:       


Idle_yzag:

neeku musugu vesadu annai




nadi 5 yr loan term undindhi.. variable rate. teesukunna second year lo ella bulk pay cheddamani certain amount ye teesukuntam annadu leda penalty anad.
 

Idle_yzag
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Posted on Wednesday, February 03, 2010 - 04:20 pm:       


Getafix:

nen loan teesukunna 2nd year lo ella bulk pay cheddamani vaadu 1/4th ye teesukuntam annadu.


neeku musugu vesadu annai

I took loan in 2006 for 10 yrs and I repay in 2008 with 11 installments pending and with no penality
RahulGandhi/JP/Chiru
 

Bunty717
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Posted on Wednesday, February 03, 2010 - 04:19 pm:       


Getafix:

yep..ICICI allows only 1/4th of total amount owed to pay in 1 year.. motham pay jesthe penalty asses chesthadu.




evaru chepperu.. nenu chesaa .. last yr penality emi pay cheyaleee..
 

Getafix
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Posted on Wednesday, February 03, 2010 - 04:18 pm:       


Idle_yzag:

avuna, 2 yrs back repay, last 11/13 installments vunchi motham theskunnadu with no charges



ante loan term entha and eppudu pay chesaru?.. nen loan teesukunna 2nd year lo ella bulk pay cheddamani vaadu 1/4th ye teesukuntam annadu.
 

Idle_yzag
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Posted on Wednesday, February 03, 2010 - 04:16 pm:       


Getafix:

yep..ICICI allows only 1/4th of total amount owed to pay in 1 year.. motham pay jesthe penalty asses chesthadu.


avuna, 2 yrs back repay, last 11/13 installments vunchi motham theskunnadu with no charges
RahulGandhi/JP/Chiru
 

Getafix
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Posted on Wednesday, February 03, 2010 - 04:14 pm:       


Raogaru:

upto some % you can pay(varies from bank to bank)...




yep..ICICI allows only 1/4th of total amount owed to pay in 1 year.. motham pay jesthe penalty asses chesthadu.
 

Getafix
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Posted on Wednesday, February 03, 2010 - 04:12 pm:       


Idle_yzag:

na dhagara vunna cash 1 yr vunchukoni next yr varaku intrest ki vunchoki next yr money tho full katteymantava?



ade bestemo mama.. nen ila kanukokunda thondaralo bulk payment chesaa ..naa numer of payments tagginay anthe.ippudu anipisthadi..liq cash laga deggara pettukunte better ga undedi ani..
 

Idle_yzag
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Posted on Wednesday, February 03, 2010 - 04:08 pm:       


Getafix:

bulk payment cheyatam kante liquid cash laga deggarettukotam better unless you are willing to unload loan early.


I just want to get rid of this loan ASAP, may be next yr this time

na dhagara vunna cash 1 yr vunchukoni next yr varaku intrest ki vunchoki next yr money tho full katteymantava?
RahulGandhi/JP/Chiru
 

Raogaru
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Posted on Wednesday, February 03, 2010 - 04:06 pm:       


Idle_yzag:

suppose naku 20L loan vundi anukunte for next 8 yrs I need to pay say ~30k/month

ippudu nen 10L kattesthe

EMI yentha vuntundhi for 4 yrs?




already loan teesukuni untey... upto some % you can pay(varies from bank to bank)...but the emi will not change until totally paid off (it will be sooner).

but if you want to pay total amount at once before the loan completion, bank will asses some penalty.
nannu involvecheyakandi sir
 

Getafix
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Posted on Wednesday, February 03, 2010 - 03:57 pm:       


Idle_yzag:




same EMI but number of pmts will reduce. Atleast ICICI vaadu naaku atne set jesadu. bulk payment cheyatam kante liquid cash laga deggarettukotam better unless you are willing to unload loan early.
 

Bunty717
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Posted on Wednesday, February 03, 2010 - 03:51 pm:       


Idle_yzag:

same EMI vunte, partial payment kattadam yendhuku, exact half avuthundha tenure yr if I pay half of outstangin principle or appati nunchi calculate chesthara principal amount




mama nuvvu half pay chesi..

term and EMI 1/2 taggali ante ela..

edo okkati 1/2 avutadi..
 

Idle_yzag
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Posted on Wednesday, February 03, 2010 - 03:46 pm:       


Risingstar:

denemma desham antha koni denkuthunnattunnadu idly


nee yenkamma, loan partial repay chedam ante konnesthunanu antav yenti :D

Jp_rocks:

same EMI kani term taggutundi..



Bunty717:

almost same untadi..




same EMI vunte, partial payment kattadam yendhuku, exact half avuthundha tenure yr if I pay half of outstangin principle or appati nunchi calculate chesthara principal amount

yendhivayya intha saduvu sadvukoni customer care ki call seymantaru, vadu yela kattamante ala kadathara? :D
RahulGandhi/JP/Chiru
 

Bunty717
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Posted on Wednesday, February 03, 2010 - 03:40 pm:       


Idle_yzag:

EMI yentha vuntundhi for 4 yrs?




bank cust serv ki call cheyi..

maaku ee exams eti .. db lo..


almost same untadi..
 

Jp_rocks
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Posted on Wednesday, February 03, 2010 - 03:40 pm:       


Idle_yzag:

EMI yentha vuntundhi for 4 yrs?



Bunty717:

same EMI kani term taggutundi..


 

Risingstar
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Posted on Wednesday, February 03, 2010 - 03:39 pm:       

denemma desham antha koni denkuthunnattunnadu idly
 

Idle_yzag
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Posted on Wednesday, February 03, 2010 - 03:38 pm:       

suppose naku 20L loan vundi anukunte for next 8 yrs I need to pay say ~30k/month

ippudu nen 10L kattesthe

EMI yentha vuntundhi for 4 yrs?
RahulGandhi/JP/Chiru
 

Bunty717
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Posted on Wednesday, February 03, 2010 - 03:33 pm:       


Idle_yzag:

yemina use vundha? How the EMI changes?




yes untundi

1. same # of yrs kani payment tagutundi
2. same EMI kani term taggutundi..
 

Getafix
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Posted on Wednesday, February 03, 2010 - 03:32 pm:       

apart from regular payment, other partial payment valla EMI tagguthunda ana question?
 

Platinum
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Posted on Wednesday, February 03, 2010 - 03:31 pm:       

manasu vizag lo undedi boston lo.... anni ammesi vizag po.... peeda vaduluthundi...
 

Idle_yzag
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Posted on Wednesday, February 03, 2010 - 03:30 pm:       

yemina use vundha? How the EMI changes?
RahulGandhi/JP/Chiru

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