Glossary › Down Payment
What is Down Payment?
The upfront portion of a purchase you pay yourself, with the rest financed by a loan.
The down payment reduces the loan amount, your EMI, and total interest, and often improves your rate. Lenders set a minimum (e.g. 10–20%); transaction costs are usually extra.
Example
20% down on a ₹50,00,000 home is ₹10,00,000.