Today’s Technical Term - Additional Principal Payment

An extra payment by a borrower of more than the scheduled EMI (Equated Monthly Installment ) to help reduce the home loan principal, as well as shorten the term of the housing loan.
This also enables the borrower's future interest payments to be reduced.
Share:

No comments:

Post a Comment

Popular Posts

Blog Archive

Recent Posts

Featured Post

Investors who have held these 13 stocks over the past 5 years have only incurred losses.

Investors who have held these 13 stocks over the past five years have only incurred losses. 🔻Yes Bank -72.9% 🔻Bandhan Bank -68.6% 🔻Rajesh...