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Q.

Sir, I have purchased my house in April 2007, since then i am paying an EMI of Rs. 30940 @ 10.5% fixed rate for 2 years. That 2 year period is now over, n with current interest rates dropping its now 10.25% in floating. LIC HFL tells me that i continue to pay the same EMI - Rs. 30940/- n the change will get adjusted. I dont understand where this adjustment will happen n all are post dated cheques. loan tenure - 15 yrs

Asked by Rahul Guin, 05 May '09 02:55 pm
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Answers (2)

1.

The adjustment will be done in last emi
Answered by RSehgal, 05 May '09 03:59 pm

 
  
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2.

All the adustment are done in last 3 EMIs .
Answered by Rajat, 05 May '09 03:38 pm

 
  
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