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Contemplate, interest of the property financing try paid back to the loan equilibrium Because mentioned before, after you pre-spend you have the alternative retaining your EMI and decreasing the tenure of your own mortgage, otherwise retaining the fresh period and reducing the EMI. Which is a better option? Let us revisit the before example. You may have 20 year, 12% floating price financing away from Rs fifty lakhs, for which you pay an enthusiastic EMI of Rs 55,054. You create a pre-percentage away from Rs step one lakh immediately after 12 months. Before pre-fee your own a great mortgage balance …