Comments on: Bearing the brunt of rising EMIs http://expertdabbler.com/2007/05/28/bearing-the-brunt-of-rising-emis/ Rombo nallavan Wed, 08 Feb 2012 21:11:09 +0000 http://wordpress.org/?v=2.2.1 By: Jaiganesh http://expertdabbler.com/2007/05/28/bearing-the-brunt-of-rising-emis/#comment-18078 Jaiganesh Mon, 04 Jun 2007 09:10:52 +0000 http://expertdabbler.com/2007/05/28/bearing-the-brunt-of-rising-emis/#comment-18078 Prabhu! There are some weird clauses related to fore closure and lump payment of certain installments which are extremely against such a move(of closing off a certain amount of principal) in the form of penalties. Banks are in a "win win situation" as the customers are caught with nowhere to move unless the interest rates come down. Certainly RBI and Union finance ministry could have delinked the lending rates from savings rates as there are millions of enthusiastic but less cautious ppl like me who rushed into buying a house which is now a high maintenance, high recovery tool of torture and source of recurring nightmare rather than a peaceful abode. Prabhu!
There are some weird clauses related to fore closure and lump payment of certain installments which are extremely against such a move(of closing off a certain amount of principal) in the form of penalties. Banks are in a “win win situation” as the customers are caught with nowhere to move unless the interest rates come down. Certainly RBI and Union finance ministry could have delinked the lending rates from savings rates as there are millions of enthusiastic but less cautious ppl like me who rushed into buying a house which is now a high maintenance, high recovery tool of torture and source of recurring nightmare rather than a peaceful abode.

]]> By: prabukarthik http://expertdabbler.com/2007/05/28/bearing-the-brunt-of-rising-emis/#comment-17794 prabukarthik Fri, 01 Jun 2007 15:50:25 +0000 http://expertdabbler.com/2007/05/28/bearing-the-brunt-of-rising-emis/#comment-17794 sree I think its around 15 Rs. per sq.feet :) sorry for not responding earlier.. marandhutten! jaiganesh, I think the best solution is to pay off some amount towards the principal. regarding ever rising intererst rates, this too shall pass. so chill :) sree

I think its around 15 Rs. per sq.feet :)
sorry for not responding earlier.. marandhutten!

jaiganesh,

I think the best solution is to pay off some amount towards the principal.
regarding ever rising intererst rates, this too shall pass. so chill :)

]]> By: Jaiganesh http://expertdabbler.com/2007/05/28/bearing-the-brunt-of-rising-emis/#comment-17599 Jaiganesh Thu, 31 May 2007 09:53:16 +0000 http://expertdabbler.com/2007/05/28/bearing-the-brunt-of-rising-emis/#comment-17599 I still feel the biggest suffering group is the one which bought the house to live in it than the group that is simply looking for a house to stay, temporarily. I own a EMId house and every six months the EMI is being revised and the principal left to pay is staying in the same place. Now I am desperately thinking of disposing the house off ASAP as the recoverable is getting bigger instead of getting lower. This is my nightmare scenario that the bank who financed my home never talked about. Thanks to the "Secular" UPA government with Sonia's children, I am living the nightmare every month. I still feel the biggest suffering group is the one which bought the house to live in it than the group that is simply looking for a house to stay, temporarily. I own a EMId house and every six months the EMI is being revised and the principal left to pay is staying in the same place. Now I am desperately thinking of disposing the house off ASAP as the recoverable is getting bigger instead of getting lower. This is my nightmare scenario that the bank who financed my home never talked about. Thanks to the “Secular” UPA government with Sonia’s children, I am living the nightmare every month.

]]> By: Sree http://expertdabbler.com/2007/05/28/bearing-the-brunt-of-rising-emis/#comment-17437 Sree Wed, 30 May 2007 02:54:35 +0000 http://expertdabbler.com/2007/05/28/bearing-the-brunt-of-rising-emis/#comment-17437 what's the going rent per sq feet now ? lets say in a place like Adayar . what’s the going rent per sq feet now ? lets say in a place like Adayar .

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