I have taken SBI Term home loan of 42L with 30 years tenure. after 3 years I have converted it to Max gain . but while conversion they have extended my tenure to 32.5 years. now I want to reduce my tenure to 22 years. I have visited the RACPC for the same but they are saying that they can not reduce the tenure they will max reduce to sanctioned years 30 - 3 = 27 years. Cant we reduce the tenure of our max gain account?
SBI didn't give me option to reduce tenure, they asked me to make minimum 20% of loan amount to reduce or adjust tenure. My emi and tenure remained unchanged just the principal got reduced
part payment is partial payment you want to make against loan to save some interest. Foreclosure payment might be to close the loan account by paying entire remaining principal balance
@@fincalc they are not mentioning that the intrest amount will be reduced, only principle amount will be adjusted saying. I need to see the latest loan statement to get more clarity in the numbers. It may take 6days to reflect in new statement
Bro if I opt 20 lakhs home loan for 20 years,equaly I pay every month 5000 0n ppf after 15 years with maturity amount to close home loan it's advisable?
Bhai mera loan 22 lakh ka tha and i paid 7 lakh in a year and maine emi kaam karai aur loan amount meri payment thi 23k and abb hai 15200 so i saved 1 lakh a year and i paid it abb saal kaam kara kr kya karunga jab kist choti krker main 13/14 saal main loan khatam kr sakta hu so beyaz kyu du 😂😂
1212095 loan amount 83 months tenure 28228 emi 9.60 intrest rate agar aap extra 1 emi prepayment karo toa Banifit emi cam karne me aayega... Calculate karke dekhlo...
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Hi
Hii
Both have own benifits . Low emi will give low burdon and saving to pay loan . Low time will save money but with burdon and monthly headache
true
I have taken SBI Term home loan of 42L with 30 years tenure. after 3 years I have converted it to Max gain . but while conversion they have extended my tenure to 32.5 years. now I want to reduce my tenure to 22 years. I have visited the RACPC for the same but they are saying that they can not reduce the tenure they will max reduce to sanctioned years 30 - 3 = 27 years.
Cant we reduce the tenure of our max gain account?
SBI didn't give me option to reduce tenure, they asked me to make minimum 20% of loan amount to reduce or adjust tenure. My emi and tenure remained unchanged just the principal got reduced
1 year emi pay karnae kae Baath 1 emi extra pay karo almost 20% interest save hoga
What is part payment and foreclosure Payment, please explain
part payment is partial payment you want to make against loan to save some interest. Foreclosure payment might be to close the loan account by paying entire remaining principal balance
When you reduce tenure, the Lender will discreetly increase the tenure again showing rate change. It is always better to bring down the EMI.
no that's incorrect. Lender cannot increase tenure and just inform you, it should come from RBI
Tenure badhana chahiye practically iske fyade h
Can we reduce both
Should we apply this same logic for personal loan as well???????
Yes
Pls Share XL format
what about amount which we save each month by lower emi?
If part payment is done they say amount will be adjusted in principle only. For both tenure what it means.
It means your remaining principal balance will reduce that will reduce the interest amount to be paid by you for remaining tenure
@@fincalc they are not mentioning that the intrest amount will be reduced, only principle amount will be adjusted saying. I need to see the latest loan statement to get more clarity in the numbers. It may take 6days to reflect in new statement
Ager hum saleried loan ke principal Amount ka 1/3 jama krta hu to kyaa emi kam hogi ya nahi
Bro if I opt 20 lakhs home loan for 20 years,equaly I pay every month 5000 0n ppf after 15 years with maturity amount to close home loan it's advisable?
Sir personal loan main emi or tenure konsa option achha rahega, please reply
tenure reduce acha option rahega
@@fincalc thank you Bhai ji
20 lakh ka 15 sal m kitna interest kitna hota please update video
Not able to download your excel sheet
Part payment k baad ka reduce emi formula bnao
Floating hoga to kya kre
Bhai mera loan 22 lakh ka tha and i paid 7 lakh in a year and maine emi kaam karai aur loan amount meri payment thi 23k and abb hai 15200 so i saved 1 lakh a year and i paid it abb saal kaam kara kr kya karunga jab kist choti krker main 13/14 saal main loan khatam kr sakta hu so beyaz kyu du 😂😂
Main principal kam kerna chaiye ,,,,,,isse tenure b kam hota hai aur ,,,aur saving b hoti hai ,,,
Sir mera loan 92000 show kar raha tha maine 67000 bhar diya 25k bhi bhar du to loan close ho jayega😊
Yes
pls share tool or calculater
Kaise karein bhai tenure barhake 20 year se 45 year kar diya roi 11 se barhake 14 kar diya idfc chhor bank
1212095 loan amount 83 months tenure 28228 emi 9.60 intrest rate agar aap extra 1 emi prepayment karo toa Banifit emi cam karne me aayega... Calculate karke dekhlo...
Explain again
Hello
And your highness Who will gonna tell that EMI amount will increase if reduce tenor??😅😅
EMI remains same on part payment even after reducing tenure
watch this video: ua-cam.com/video/uK-XRBG9JUQ/v-deo.html
Kychh bhi kro 4 percent dena hoga