Home loan

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amit goel (Querist)
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17 May 2013 i have a query
I have taken home loan with following details:
loan amount:3000000
interest rate:11%
tenure:300 months
EMI would be around 27400.

my question is If I dont's pay any EMI and I say that I will pay the full amount on completion of 300 months. What would be the amount payable at that time.

Tushar Desai

Tushar Desai (Expert)
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17 May 2013 This cannot be done! Banks do not operate by our convenience.

amit goel

amit goel (Querist)
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17 May 2013 sir,
Thanks for your reply but sir i am not saying that bank will accept this.

I am just trying to calculate.
I want to check the amount.

Tushar Desai

Tushar Desai (Expert)
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17 May 2013 Rs. 46,343,666/-
Rupees Four Crore Sixty Three Lac Forty Three Thousand Six Hundred Sixty Six ONLY!!

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