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You can make part payments towards your home loan account at any time.
Responded by:Responded on25th May 2015
After the payment of your part principal, you can opt to reduce the number of EMIs or the installment amount. By default, the number of EMIs get reduced and your last installment date is notified. In most cases, your EMI remains the same, but the maturity date is advanced and the number of remaining EMI's is reduced.
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