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!!! Advice Needed !!! Repayment of Ap...

Chalanachithram.com DB » New TF Industry Related » Archive through March 25, 2015 » !!! Advice Needed !!! Repayment of Apt Loan « Previous Next »

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Last_avataar
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Username: Last_avataar

Post Number: 5416
Registered: 09-2012
Posted From: 12.10.219.225

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Posted on Tuesday, March 24, 2015 - 12:51 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Thank you Bros
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Thikka_sankara
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Username: Thikka_sankara

Post Number: 18372
Registered: 02-2012
Posted From: 171.76.178.196

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Posted on Tuesday, March 24, 2015 - 12:43 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Payoff payoff payoff
keka link:

fikileaks,
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Maserati
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Username: Maserati

Post Number: 1589
Registered: 02-2015
Posted From: 68.147.231.162

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Posted on Tuesday, March 24, 2015 - 12:40 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Last_avataar:


earlier you pay the loan, lesser the amount of interest you pay in total. Pay off the loan and invest the savings elsewhere or enjoy life..
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Last_avataar
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Username: Last_avataar

Post Number: 5415
Registered: 09-2012
Posted From: 12.10.219.225

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Posted on Tuesday, March 24, 2015 - 12:26 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Suyodhan:




Yes Suyodhan, I keep on checking my online loan account
Yes i have decided to pay off
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Suyodhan
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Username: Suyodhan

Post Number: 2455
Registered: 01-2013
Posted From: 66.25.7.4

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Posted on Tuesday, March 24, 2015 - 12:06 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Last_avataar:

2.Paid 6 already as of today


did you check the statement and outstanding amount is 3 lakhs?

aduguthunna ani emi anokovaddu, india lo homeloan is a big gamble.entha tondaraga teerchesthe antha manchidi.
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Gotcha
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Username: Gotcha

Post Number: 19978
Registered: 02-2008
Posted From: 175.101.68.72

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Posted on Monday, March 23, 2015 - 11:33 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

If u pay it now u might save 10 lakhs
2012 lo dollar rate 50
Ippudu 61 is dollar rate so u already have 11 savings per dollar or original loan amount. 65
Ki veltundi dollar-rupee anukunte dont pay it other wise payit
This Andhra real estate is for sale.
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Last_avataar
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Username: Last_avataar

Post Number: 5411
Registered: 09-2012
Posted From: 12.10.219.222

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Posted on Monday, March 23, 2015 - 03:07 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Darth_vader:




Thank you all. I will go ahead
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Darth_vader
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Username: Darth_vader

Post Number: 1734
Registered: 12-2006
Posted From: 122.175.10.160

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Posted on Monday, March 23, 2015 - 03:05 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Last_avataar:

Possession vochindandi. I have rented it from 2012


kummeyandi ayithe
Indian cities have their share of problems, but they are also places where you can walk around their shadiest areas at 1 am and be safer than say parts of Chicago, NYC, London, Madrid, Sydney etc...
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Last_avataar
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Username: Last_avataar

Post Number: 5410
Registered: 09-2012
Posted From: 12.10.219.222

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Posted on Monday, March 23, 2015 - 02:54 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Darth_vader:




Possession vochindandi. I have rented it from 2012
So yee scenario lo clear cheyyatam ok ya kaada ani na doubt ?

The complex is fully occupied with association established in 2012
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Darth_vader
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Username: Darth_vader

Post Number: 1733
Registered: 12-2006
Posted From: 122.175.10.160

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Posted on Monday, March 23, 2015 - 02:53 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Vishvak:

Ee time la emi chestunnav... poyi bajjo...



Indian cities have their share of problems, but they are also places where you can walk around their shadiest areas at 1 am and be safer than say parts of Chicago, NYC, London, Madrid, Sydney etc...
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Vishvak
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Username: Vishvak

Post Number: 1309
Registered: 01-2007
Posted From: 206.210.27.33

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Posted on Monday, March 23, 2015 - 02:53 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Darth_vader:


Ee time la emi chestunnav... poyi bajjo...

Vi veri universum vivus vici
My Blog: The Power Of One
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Darth_vader
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Username: Darth_vader

Post Number: 1732
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Posted on Monday, March 23, 2015 - 02:51 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Don't clear the loan till you get possession of your flat.
Indian cities have their share of problems, but they are also places where you can walk around their shadiest areas at 1 am and be safer than say parts of Chicago, NYC, London, Madrid, Sydney etc...
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Last_avataar
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Username: Last_avataar

Post Number: 5408
Registered: 09-2012
Posted From: 12.10.219.222

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Posted on Monday, March 23, 2015 - 02:47 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Maverick:

early penalty lekapote kattesi. if u r in USA it makes no sense to buy a property on loan in india at that interest rate.




Early payment panalities levu Bro ippudu India lo.
India lo credit history kosam loan teesukunna

I can always go back to indian banks for another loan when required
Looks like it is better to clear the loan amount
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Last_avataar
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Username: Last_avataar

Post Number: 5407
Registered: 09-2012
Posted From: 12.10.219.222

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Posted on Monday, March 23, 2015 - 02:46 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Chenagalu:




Yes Bro, Naaku kooda loan clear cheyyadam happies.

Kaani few years more ichatam valla, Apt lo voche ibbandulu builder to deal cheyyataniki, Bank ni kooda involve cheyyochemo ani...

Not sure
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Maverick
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Username: Maverick

Post Number: 56206
Registered: 01-2008
Posted From: 108.171.130.187

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Posted on Monday, March 23, 2015 - 02:45 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

early penalty lekapote kattesi. if u r in USA it makes no sense to buy a property on loan in india at that interest rate.
Happy Vizag
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Chenagalu
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Username: Chenagalu

Post Number: 928
Registered: 04-2009
Posted From: 170.49.113.19

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Posted on Monday, March 23, 2015 - 02:43 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

appu motham teerechesthe happy kada,
Good Q, ee point naku kooda eppudu artham kadu.
nenu loan teesukunna first loan clear chesestha... chala mandi enduku loan clear cheyyadam ani annaru/antunnaru
But naku point artham kadu
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Last_avataar
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Username: Last_avataar

Post Number: 5406
Registered: 09-2012
Posted From: 12.10.219.222

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Posted on Monday, March 23, 2015 - 02:41 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Hi Guys

1.Took 9.5 lakh home loan from IDBI @10.25 for 7 years in 2012
2.Paid 6 already as of today
3.I have Mortagage Insurance for 13000 left

Option - A : Is it advisable to pay loan amount in full and keep the mortgage insurance for some time ?

Option - b : Pay loan amount almost full keeping 20-50k in balance and keep the mortgage insurance for some time ?

What are the disadvantages of paying loan early in the first few years of apt being purchased. ?

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