if the “installment due” amount is greater than zero, does it mean that the monthly installment has passed the due date?

it means, you have pending payment for next month.

if your payment is past due date, they would say, late payment.

so normally we should wait for installment due to come out(greater than zero) , then only we make payment right?

technically yes.

but there is no harm to throw let's say 10k into your loan account

if it's semi flex housing loan, it'll reduced your principle, and you pay less interest.

it's very helpful when you have additional money and you don't wanna put in epf or other funds. you can put in housing loan... your principle will reduce and so is interest, and that helps you pay off your loan faster.

This post has been edited by gashout: Dec 24 2024, 03:01 PM