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What is Tranche Based EMI repayment option ?

April 26, 2017based EMI option repayment tranche

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What is Tranche Based EMI repayment option ?

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To help customers save pre-EMI interest, we have introduced a special facility of Tranche Based EMI. For under construction properties customers can choose the instalments they wish to pay, till the time the property is ready for possession. Anything paid over and above the interest by the customer goes towards Principal repayment. The customer benefits by starting EMI and hence repays the loan faster.