Q. Dear Sir ,I have taken loan of 8 lacks. possession will be in march 2007.I paid pre emi interest of Rs. 36000/- (approx.) & regular EMI started from jan 2007 since full disbursment is made in Dec 2006. IDBI home finance gave statement as principal paid, EMI interest & PRE EMI interest separately. My company allowing me only 1/5 th of PRE EMI interest. is it right. What I will do? Please guide.Thanking you Suresh B Pathare(sureshpathare@yahoo.com)
Suresh Pathare:
A. It is correct. The balance from your pre EMI interest, you can claim in another 4 equal installments in next 4 years.
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