How I SAVED Rs. 5.6 Lacs of Home Loan Interest | Loan Interest कैसे बचाये [WITH PROOF]

How I SAVED Rs. 5.6 Lacs of Home Loan Interest (INSTANTLY) | Loan Interest कैसे बचाये with PROOF
In this video by FinCalC TV we will see how to save home loan interest instantly with the help of Home loan EMI prepayments excel examples video. Home loan calculation method is very simple and you can easily calculate EMi of your loan using the excel download link provided below. Other loan calculation such as car loan, bike loan, gold loan, personal loan EMI are also calculated is same way. This video solves hindi query home loan emi kaise calculate kare and home loan interest kaise bachaye.
DOWNLOAD Home Loan EMI Excel Calculator:
fincalc-blog.in/home-loan-cal...
DOWNLOAD FREE Android App: play.google.com/store/apps/de...
Home Loan EMI calculation:
• Home Loan EMI Calculat...
Reduce EMI or Tenure:
• Home Loan Prepayment &...
CHAPTERS:
00:00 Save Home Loan Interest Intro
00:24 Home Loan Calculation Method Video
01:04 Download Home Loan Excel calculator
03:55 Loan Interest Saving Excel Examples
05:40 Loan Prepayment Examples
06:09 Savings after Prepayment
06:47 Maximum Savings in Loan Interest
07:45 Benefits of Loan Prepayments
08:33 Another Loan EMI Calculation Example
09:45 Prepayment kab karna chahiye
11:07 More Excel Videos
12:25 Income Tax Calculator App
After watching this video following queries will be solved:
How to Save home loan interest?
Reduce EMI or Tenure in Home loan after prepayment?
How to calculate home loan EMI in excel sheet?
What is home loan EMI calculation excel formula?
What is home loan calculation method & formula?
How to reduce home loan interest?
Loan prepayment excel examples to save loan interest?
Home loan prepayment charges and lock in period
Principal and interest amounts of home loan emi?
Home loan emi increase will save interest amount?
Benefits of home loan prepayments?
What is Home Loan EMI Calculator?
Home Loan EMI Calculator assists in calculation of the loan installment i.e. EMI towards your home loan. It an easy to use calculator and acts as a financial planning tool for a home buyer.
What is Home Loan EMI?
EMI stands for Equated Monthly Installment. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan. A longer loan tenure (for a maximum period of 30 years) helps in reducing the EMI.
How does EMI calculation help in planning the home purchase?
Home Loan EMI calculator gives a clear understanding of the amount that needs to be paid towards the EMIs and helps make an informed decision about the outflow towards the housing loan every month.
Factors that Affect Housing Loan EMI
Principal- The principal is the loan amount that you avail from the lender. It is directly proportional to your EMIs - lower principal will lower your monthly instalments and vice versa.
Rate of interest- The rate of interest is the rate at which the lender offers you the loan. It is also directly proportional to the value of your loan EMIs.
Tenure- The tenure is the time within which you repay your loan. The tenure is inversely proportional to your loan EMIs - longer tenure makes the monthly instalments cheaper and vice versa.
#SaveLoanInterest #LoanPrepayment #LoanEMICalculation #EMIExcelFormula #Excel #Calculator #FinCalCTV
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The examples used are for Illustration purpose only.
Comment in comments section if you have any queries.
Thank you for watching :)
DISCLAIMER:
Examples used are for Illustration purpose only and might not cover every detail of examples shown. It is advised to seek professional help before taking any financial decisions. The owner of this channel shall not be liable in any way.

[@fincalc]

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[@SauravNrai]

Awesome content

[@fincalc]

Thanks bro

[@SauravNrai]

Please make a guide on Mutual funds

[@fincalc]

Sure. Stay tuned 🙂👍

[@Rohit064]

To check if this sheet is right or wrong, just do a back calculations for intrest rate.
I.e. for particular intrest amount as shown on yrs sheet (with out pre payment) find out its interest rate.....???
This will be different then we have entered in first.

[@RaJa-lj3vk]

Is there any way to track this amortization schedule keeping in mind variable interest rates at different months applicable

[@infinitex2252]

I have a query on home loan. My loan AMT is fully disbursement now. In between I have opted for conversion twice to reduce interest rate from 9 to 6.9. my query is if it is wise to increase EMI. As per many suggestions, emi can be increased which will reduce tenure drastically. But the interest component will also increase accordingly, which is what the bank may want as they wan us to pay max money initially.
Or is it wise to not increase the EMI but accumulate money and do part payment so it will reduce tenure to a huge extent.
Or should I do both. Which is beneficial. Your suggestion pls.

[@fincalc]

You have commented on 4 of my videos and got my attention successfully 🙂
Anyway.
Yes, increasing EMI will help you reduce the tenure drastically and also total interest will be reduced. It's not true that interest increases with increase in EMI, the total interest actually decreases with the increase in EMI.
Secondly, doing Prepayments will again help you to reduce overall interest and tenure as well since it reduces your total outstanding balance on loan.
So doing both is the best option here.
But little bit of caution here. Don't use your entire funds in increasing EMI and doing prepayments, keep some funds for your basic needs as well.
So plan accordingly to set the EMI, the amount you can afford every month to pay EMI and once you have some additional funds, do regular prepayments. Use my excel calculators to plan accordingly.
I hope this will be useful.
Let me know if anything else is required. All the best 👍
I'll paste this on all of your other comments so people find it useful 🙂

[@Rohit064]

Sir, I think something is wrong on yours sheet

[@reloaderify]

Hello Sir, can you please let me know how to adjust home loan calculator for only partial amount disbursed by bank to builder and then remaining amount disbursed after sometime? Also, I have done some bulk amount pre-payments in between. Is there a way to take into con sideration the same?

[@dr.anoopsinghmewar3868]

Sir can I claim HRA exemption, my rent paid is less than 10 percent of my basic salary
The rent I paid is less than Rs. 50000 annually.
Do I need to show the rent agreement and receipts