Ram Prasad - Home Loan & Gold Loan which is best ? | Difference between Gold &Home Loans 2024

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Watch ►Ram Prasad - Home Loan & Gold Loan which is best ? | Difference between Gold &Home Loans 2024 #gold | SumanTV Business
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[@santoshb9987]

U missed one point . If principal amount reduced automatically intrest also reduced .

[@varunteja3797]

I think he is wrong here. In the initial years of loan, all the amount collected from EMI will be around 90% as interest + 10% as Principal Ex: If EMI is 1 lakh per month, then in that 90,000 will be encashed by the bank as interest and 10,000 will be deducted in the total principal amount payable. This interest percentage from EMI will keep decreasing over the years of the loan payment.