Home loan prepayment A2B EMI conccept

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  1. V R SHENOI

    V R SHENOI New Member

    Home loans.

    Prepayment by A2B EMI concept

    Many choose long term repayment like 300 months.
    No blame need be put on to them.
    Why not you choose to exit, say within 220/200 months.
    Surely it requires some extra remittance over the already fixed EMI.
    This is designed for them.
    What is A 2 B EMI the concept?
    This is an EMI, designed to bring down a liability from a level A (higher level) to B level (lower level).
    The main applicable product is Home loan and mortgage loans, in which the repayment periods are very high.
    You know values for home loan of 50 lakhs, period 300 months, interest rate 9.75,
    the EMI is 44557.
    Read the value of liability of Amortization chart, against 36 months. It is 4836342.
    What happens when this liability is brought to this level in 24 months.
    You gain 12 EMIs, not the immediate, but the last 12.
    This can be achieved by A2 B EMI schedule.
    The EMI for bringing down the liability of 50 lakhs to 4836342 from 36 months to 24 months is
    Is 46829 only. An extra remittance of 2272.

    By such a step your save 36 – 24 = 12 EMIs.

    By paying 2272 X 24 = 54528,

    You gain 12 EMI of 44557/-, I e 44557 x 12 = 534684.

    How?

    Please go the link Home Loan calculator in Allbankingsolutions

    You can save millions by sparing the 30 minutes to read the concept.

    HOMELOAN PREPAYMENT EMI CALCULATOR (BY V.R. SHENOI) (UPLOADED ON 18/07/2016):

    This is a guide to help all the home loan owners for bringing their liability from level A to any level B by EMI Route. A great tool for everyone looking to prepay their EMI.



    Here is the link:

    http://www.allbankingsolutions.com/Banking-Tutor/Interesting-off-beat-calculators.shtml
     
  2. A 2 B EMI concept is designed to bring down a liability from level A (higher level) to B level (lower level). This process is applicable only in the case of home loans and mortgage loans, where the repayment periods are very high.

    Go to the link Home Loan calculator, you can save millions by sparing the 30 minutes to read the concept. This is a guide to help all the home loan owners for bringing their liability from level A to any level B by EMI Route. A great tool for everyone looking to prepay their EMI.
     
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