| 20,00,000 | 19,57,689 | 19,21,276 | | Tenure (months) | 240 | 228 | 216 |
| ROI | 7.50% | 9.50% | 11.50% |
| EMI | 16,112 | 18,575 | 21,101 |
| WHEN TENURE CHANGES |
| Principal amount | 20,00,000 | 19,65,092 | 19,61,684 |
| Tenure (months) | 240 | 427 | INFINITE |
| EMI | 16,112 | 16,113 | |
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| This waiting game is likely to hurt the growth of housing companies, read banks, as this forms a significant chunk of their total income. Housing income accounts for around 30-35 per cent of the total income for ICICI Bank. |
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| Apart from the buyer turning reluctant, we are also likely to see some tightening of norms by banks/housing companies themselves. Add to this the possibility of a higher delinquency and you have a stomach-churning scenario for someone in the housing finance business. |
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Let
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