The conversation between human and AI assistant.
What is better pre EMI or interest before possession of house?
Can you tell me more about the benefits of pre-EMI payments?
Pre-EMI payments may help you in reducing your initial financial burden as the payments are smaller. It can also help you in managing your finances better, as your payments will gradually increase over time. This can give you some time to adjust your finances and increase your earning potential before your EMIs start. However, pre-EMI payments can lead to higher interest payments in the long run, as you may end up paying more interest over the total tenure of the loan.