10 October 2011
I have took Rs 15 Lakhs as Home Loan (we ( me , mummy, and dad are the honours of property)
1) Now I plan to took loan(at 9%) from Mom for pre-payment of home loan whereas (10.75%) Will plan to prepay- Rs 3Lakhs
2) In which condition this prepayment will be giving benefits to us By redusing Time line from 20 Years to.. some less year By redusing EMI Will it be redusing Principal Amount also
CAclubindia
