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(Querist)
16 June 2010 my client taken house on loan. bank issue certificate as follows.

principal component : 65178/-
interest component : 78103/-
pre-emi interest : 13404/-

im confuse about pre-emi interest what should i do? please tell me in detail.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
16 June 2010 Sometimes EMI is started after 6 month from date of taking loan. It is called moratorium period. Interest for pre-emi period will be allowed as normal interst.

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