Home loan


This query is : Resolved 

(Querist)
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.

17 May 2013 This cannot be done! Banks do not operate by our convenience.

amit goel (Querist)
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.

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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