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Thread: What are - Daily Reducing, Monthly Reducing and Yearly Reducing, interest on home loans?

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    PolicyWala Newbie
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    Question What are - Daily Reducing, Monthly Reducing and Yearly Reducing, interest on home loans?



  2. #2
    PW Fan
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    Quote Originally Posted by anurag View Post
    What are - Daily Reducing, Monthly Reducing and Yearly Reducing, interest on home loans?
    Annual reducing The principal, for which you pay interest, reduces at the end of the year.
    Monthly reducing The principal, for which you pay interest, reduces every month.
    Daily Reducing The principal, for which you pay interest, reduces every day.

  3. #3
    PolicyWala Newbie
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    In India I think, we have only option of Monthly reducing and Annual reducing for individual, Daily Reducing is for corporates.


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