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TF Buzz
Took HDFC home loan for 25 years (300 months).
So far there has been 3 Disbursement request. 2 in September and 1 in Mid oct.
Last month on Oct. I already paid 1 EMIs. It was a normal EMI and not the PEMI.
Now, when I look at the HDFC portal. It shows the balance term is 300, original term is 300.
Shouldn't balance term be 299 now since 1 EMI is already paid ?
Or is it that the 25 years tenure will only start once the full disbursement is done ?
My full and final disbursement might take some time however I wanted to the tenure to start right away and not wait till full disbursement.
I had plans to prepay and close loan early.
So far there has been 3 Disbursement request. 2 in September and 1 in Mid oct.
Last month on Oct. I already paid 1 EMIs. It was a normal EMI and not the PEMI.
Now, when I look at the HDFC portal. It shows the balance term is 300, original term is 300.
Shouldn't balance term be 299 now since 1 EMI is already paid ?
Or is it that the 25 years tenure will only start once the full disbursement is done ?
My full and final disbursement might take some time however I wanted to the tenure to start right away and not wait till full disbursement.
I had plans to prepay and close loan early.
