Planning Part-Payment in Home Loan ? What Next?Reduce EMI or TENNURE ? #loan #dhankibaat #loanshoan

Part-Payment in Home Loan?

What Next ?
Reducing EMI or TENNURE ?

You’ve made a smart move by making a part payment! Now, choose your next step wisely:

What should you opt for?
1. Reduce Tenure
2. Reduce EMI

Here’s what each means:

1. Reduce Tenure – Pay Off Faster!
Pros:👍
• Save BIG on total interest paid

• Become loan-free sooner

Cons 👎

• EMI amount remains the same

• Monthly outflow continues as before

2. Reduce EMI – Lower Monthly Burden!

Pros 👍:
• Lower EMIs = Better monthly cash flow

• Ideal if you expect new expenses or investment.

Cons 👎:

• Total interest paid over time remains higher

• Loan term remains the same (or longer)

Which is better?

Choose Reduce Tenure if you want to save more money in the long run.

Choose Reduce EMI if you need extra monthly savings right now and you invest the same amount in SiP of other with higher ROI..

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Видео Planning Part-Payment in Home Loan ? What Next?Reduce EMI or TENNURE ? #loan #dhankibaat #loanshoan канала LoanShoan