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[QUOTE=r2i-mumbai;414451]If you are prepaying then you will have to pay current outstanding principal balance + any prepayment penalty as specified in the contract. The amount you paid so far is interest cost for borrowing 25 lacs for 4 years plus some principal repayment. Roughtly you paid 3 lacs ...

Hi All, I've a home loan of 25 lacs with icici and a floating rate and the EMI keeps on increasing currently at 294xx :(..so I've decided to do pre payments and foreclose. One of my question is already answered. But I've a bigger concern/ question: as per my current amortization schedule icici has ...

Hi All, I've a home loan of 25 lacs with icici and a floating rate and the EMI keeps on increasing currently at 294xx :(..so I've decided to do pre payments and foreclose. One of my question is already answered. But I've a bigger concern/ question: as per my current amortization schedule icici has ...