How to Reduce Your Home Loan Interest?
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- Опубліковано 10 вер 2024
- How to Reduce Your Home Loan Interest?
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by ur logic: I have an idea we can save the whole interest just by paying 40L at once!
🤣
😅sahi
Nothing better than this.
tax lgega bhai 🙄🙄
wrong logic
Oh nice idea I will make emi of 40 lac so my interest will be 0.
Thanks so much!!
😂
It should be on reducing interest rate
When you have graduated from WhatsApp University
😂😂😂😂😂
What is wrong in this strategy?
@@girishgold9226 better option is doing sip of 5000/m
Which gives you 23.5 lac in 15 years
And if you continue till 20 years amount will 46 lac ....
Only if 12% return from index fund....
If my CA had given me this advice i probably fire him
🤣🤣🤣🤣🤣
😂😂😂
Ye bhi kabhi kisi ki CA hua kerti thi , fir isne usko same advice diya hoga .
Now she is on UA-cam 😂😂
You guys are having CA
EMI hurts only for a few years. Then inflation, salary everything goes up and the emi feels not as much. 33000 will feel like 15000 after 10 years.
really nice point.
I wanted to add something which my father is pursuing - he pays an extra emi every year and increase the emi by 5% every year.
with initial calculations, he can pay off 25 years loan in just 10 years....
40lakh principal+40Lakh interest=80Lakhs.
Agar me prepayment 20 lakh karta hu to Principal 20lakh bachega...aur uske baad interest 20lakh k hisaab se banega yaa vo hi shuru ka 40 lakh rahega?
Plz ask from ur father
@@ramroopyogi8523 obviously 20 ke hisaab se banega,
jitna principal amount hai uspe interest banega na
Why not investing that extra money in mutual fund for 15 year which will yield return enough to
Cover my interest plus I will get some extra
What if returns are not profitable
@@robust_singh invalid questions.. Do real time calculation and compare both .
@@Chandrasekhar605 yes my kid you are new in market i think so
@@robust_singh I'm banker and i knw diffrence between running home loan and preclosure of loan.
Tera baap hu mein . So don't teach your dad.
@@robust_singh normal long term SIP investment will give you minimum to minimum 10-12% yield .. learn basics of compounding and calculate SIP investment for 20 years .
The summary of this short "gareebon, ameer bano ameer" 🤣🤣🤣🤣🤣
Garmi me bhi shoot ,halat khrab h ldki ki lekin fir b kaam pr pura focus h ,kya bat h ,dum h ldki me 🙏👏👏👏👏👏
Banks be like... : Commitment Charges and pre-payment penalty lagte hai... Oversmart banne k😅
Yes😂 ha par Floating rate par Prepayment charge nhi lagta
Nahi lagta koi charges main part payment kiya hai kai baar
I must say Shavir Bansal is doing good in spreading awareness by financial literacy. Keep it up Manu.
By that logic pay the entire amount in the next installment you'd be free in one month
Her most of the reels are factually correct but this is shit logic... are bahin kam emi pay karni thi tabhi to 20saal ka liya he... iss hisab se 10k extra ded 10saal ka hi tenure bachega... par nahi de sakte na.🤦♂️
true
Exactly....jyada emi diya...to jaldi nil hoga
Right
This logic is applicable considering that you are getting some salary hikes in next 1-2 year
@Mr India hahaha...but jokes apart... prematurely closure ke liye bank alag se charge krti hai...kyuki pre closure me unka nuksan hai..
Logo ko actress par crush hota he mujhe to ap par hi ho gaya 🥰💕
Yes, and if you pay 50k it might be over in 10 and wait for it... if you pay 100k you'll be done in just 4 to 5 years...
It's magic, really magic
Gajab all video are very informative and useful mem
Iske video dekh k kya nai karna woh acche se pata lag jata hai , aada information haanikarak hota hai maamu
Samajh mai to kuch kum aaya...
Par Sunke Acha laga or DEKH ke bhi...aapko.. ♥
She is right jo log troll krre hai unhe ye smjna hai ki hamesha even single extra emi in 1 year can do difference
I just love the expression, I cant hold to look her expression infinite times and laugh . What a real expression . I dont know her name and all but the best
OMG....you are from another planet...what an advice...ek hi emi kyon na kar den 40 lac ki
salute hai.. 40lakh ke liye 28lakh extra..🙏
Har 3 months may interest rate change hota so 20 saal ka loan 25-26 saal may khatam hota hai bcz by default automatically apka tenure increase ho jayega and emi same rhegi
Sorry madam but.... Pehle toh main aap k video kuch sikhne k liye samjhne k liye dekhta th but ab aap se pyar hone laga hai i think u are so beautiful aap jaise bolte ho aakhe sound k sath kam Jayda krte ho mast lagta hai
Thanku... For lvly advice by cute smile girl 🙂
Waah didi.. Didi waah. Solution ke liye aaya tha problem leke jaa raha hu
Video dekh kar khush ho gaya 😊
(Kaash Aisa hota ho 🤗)
CMNTS padhne ke baad laga
Aankhen 👀khuli gai 🕵️♂️
This short explains the Channel name well
I request to u please give only such type of information .thanks for nice information .
Again wrong information or saying precisely wrong calculation if he increase his emi amount he have to pay same amount (as interest is calculated at time of loan sanctioning banks takes interest amount first then principal amount).
If he wants to do something put extra amount in mutual fund or develop more skill to earn more....
& One more thing home loan lete time nhi pta tha kya 20 saal tak pay karna hai 😂😂
Your emi will cover interest and principal both. Paying extra amount will reduce your principal only. But I agree with your point that if we have extra amount to pay we should invest in long term mutual fund
No, this is not how it works
Ye kuch jada oversmart dhikha rahi hai, rs 5000 kaam dene se jo 5 year extra emi ka fyda ye youtuber nahi ek CA bata sakta hai.
Aadha adhura gyan ka yehi results hota hai
😬😬😬😬
@@Rahulkadam1991 40lakh principal+40Lakh interest=80Lakhs.
Agar me prepayment 20 lakh karta hu to Principal 20lakh bachega...aur uske baad interest 20lakh k hisaab se banega yaa vo hi shuru ka 40 lakh rahega?
Plz explain
It's better to start a sip along with home loan rather than lowering the loan duration
Ur all videos are brilliant
Thank you
5k , 7% rd for 15 years will gain 15 lacs, and you are saving 12 lac interest. Women ☕️
Guys the best way is if you have more 5000 to shell out every month invest in Mutual funds which will give atleast 12+ % rate of interest. Therefore you can pay your home loan much faster later. This is better than what she has suggested. Put it on Excel and see.
Par upar 9 lakhs bhi spend hoge...15 years ..+5k every month..
Means 60k a year..
15*60 is 900k
The point here is people forget to change EMI even after their income is increased or whatever EMI bank set for them, they keep it that way. Which cost the net property more . So if u have more savings this year u can increase the EMI. and save more .
One more way is to pay lumpsum amount u got in ur bday or some extra source of income and reduce the principal. Much more savings on intrest cost that way.
I would rather suggest to invest seperately 3-5k per month in sip. And after 10-15 years repay the amount to the home loan account. It will reduce the burden.
Wah wah kya Einstein wala idea hai... Thanks a lot for saving us with just Rs5k ×months
I also took a 40L home loan for 15years but fortunately i could clear it off in 4years
How?
@@BharathJ-49 any extra income I would deposit in loan account. I was amazed to see the reduction in month it created. It motivated me to keep doing that.
how brother
My sister and her husband purchased apartment in Hyderabad for 75 lakhs before 4years now it is 1cr extra 25000 rs rent for 1 month.
Thank you Mrs. Obvious
Sahi 5,000 agar emi jyada pay karne se behtar ache mutual funds mein invest karte toh, extra interest jo bhi pay karenge usse gyada profit milega mutual funds se.
Mutual funds are subject to market risk
@@honeykashyap6832 haan ! Par fir bhi, agar Dhyaan se dekh ke invest karte toh bahut acha faida hogi.
Modi funds mein daalo
@@NileshShoots doob jayega pura
Thanks... A wholesome THANKS
If someone do SIP of 5000/Month in a typical smallcap or midcap fund he/she will get 24 Lakh after 15 Years@12% return
Never pay principal.only pay interest. enjoy life to the fullest
Paying large EMI or doing time to time partial payments which one is better option in purpose of saving interest and to end loan early ?
Make sure to link the url of the calculator in description
Pay an extra EMI every year too… and increase EMI payment by barely 5% every year… considering income increment is 8-10%.
Yeah tell that to bank to restructure your emi or loan first they don't do it easily and if they do they charge for it as well. Better invest that extra income in some sip fund.
Better to spend that extra 5k in a mutual fund which will give 12% return back. So net 4% profit will be there. Rather thn increasing the emi amount and decreasing the tenure. Invest in Mutual Funds.
12% return nhi milta mutual funds mein. Agar u say 12%, then it means 1% per month ka return on an average. That still means 7% interest
This is wrong. The extra payments will go towards your 40L interest, it won't go towards the principal amount repayment. Your tenure of payment will decrease but you'll end up paying the full amount anyway.
Go For part payments of 50,000 -2 lacs every 3 months if you afford then loan will be recovered under 6-7 years
Currently I am paying 9.65 % roi of my home loan, is it good idea to prepay loan before I reduce interest rates or first i should reduce roi and then prepay?
Bilkul shi bhut bdiya video bnai h
Your maths is wrong for 8% interest for 40 lacs for 20 yrs the emi would be 43,333.33rs & total interest would be 64 lacs
& If done for 15 yrs the emi would be 48,888.89 rs & total interest would be 48 lacs
Sorry.. but I have an better solution...
EMI 20 saal hi rehne do...Jo extra 5000 ap EMI me dene vale the uska govt bond ya MF le lo 20 saal ke liye... or ye socho ki extra EMI de diya... Ye investment apko minimum 8% intrest de dega... Joki agle 20 saal me 29 lakhs ho jayenge... So this way loan ke khatam hone pr apke paas 29 Lakhs honge....
Or haa main safest minimum intrest ki baat kr rha hu... Agar intrest jyada mila to you can do the math...
BeAuty with knowledge😍😍
I was expecting 5% rise in Emi payment each year or partial advance payment during end of every year. These will bring down interest amount by a good margin.
Better option 5000 ka sip karlo 15% pa 20 years ma 75 lakh miljayenga. Or Ghar 500000 ma.
You are very beautiful 😍.
I just can't stop myself that's why I must say it
You are sooo smart
Teach her something about inflation
If you invest that 5k/mnth at minimum 10% interest for 20yrs you will get approx 38lacs which is i think a better option then increasing you monthly emi.
I don’t understand emi concept please canu explain how loan will be given on bank term and conditions
Do prepayment and reduce the principal amount.
I’m obsessed with your cuteness.
Yehi 5000 index fund me dal do. To 12perecent reurn k hisab se 15 sal me 12 lakh se kahin jyada pesa ban jaega.. Ye sikhane aayi h
Very nice expressions👍
Mam Ur so good
Mem madical insurance lane ke badh agar kisi women ka delivery me sijarian hota hai. To
Kya insurence ka clame company degi?
decrease emi, increase tenure, and invest extra money in mutual funds, your interest will disapper
But you still paying 9L in 15 years and saving just 3L. What's the point. Instead go for mutual fund, it may give you more than 40L in 15 years.
Mam hmne 15lakh ka loan liya hai mujhe 4 yrrs hua hai paise deta bank ko.monthly 15000 per month de rhi hu. Mera total 7,20000 hua hai total 4 years ka aur abi Bank walo ne interest bahut zada kata hai Bank me abi Mera 1,50,000 hi Gaya hai pls suggest me 15 yrs ka loan hai
I have an idea loan 2 lakh more extra and invest that extra in lumsum investment funds of hdfc for 20 years. You will minimum 20% ROI. Now calculate total amount after 20years. I hope your maths will be good or use lumsum calculator. This is how you can earn by getting loan.
I would rather increase the tenor to 30 yrs and invest the difference in EMI in a equity MF which would surely beat 8%
Mam please suggest me, mera home loan Motilal Oswal home finance me he or Maine EMI badhake Dene ke bat ki to o EMI badhake nahi de rahe he , or bol rahe he yearly 20% amount extra bhar sakte he but EMI nahi badha sakte ,. .....to legaly kya karna padega
Plz suggest can i by car with car loan i have already a home loan , this is wrong or right
Instead invest 5 thousand in market that would be more help full
Agr hum us 5 hzar ki sip kraye to 20 sal bad Hmare pass 1 crore honge😂
This is factually correct but in reality there is max limit on your EMI. You cannot increase your EMI just like that..
Sis. Mere ko loan Lena h 30 lakh 8.5% 15 sal ke liye h jis ki emi 29542₹ banegi agr me ek sal 2.5-3 lakh extra jama karta hu to Mera loan kitne sal me complete ho jayega or interest kitna pay karna hoga
Better option is doing sip of 5000/m
why give 33000 EMI simply pay 38000 em from begining, loan tenure and interesrt will automatically come down
Investing in stocks for 5 years as sip 33000/month will give you Approx 20% CAGR i.e, 34 lakh .🤔🤔🤔🤔
Better invest that extra 5000in stocks for next 20years and bring ur captial and intereest together back
@bekifaayati .. Everyone tells about prepayment but no one says about the limit of prepayment . Can I give 500000 lakhs prepayment in 16 lakhs loan ?
5 lakhs prepayment every year in loan of 16 lakhs for 10 years
Mam ye SIP system kya hota h loan ke sath thoda explain kr skte ho?
Why can't we do SIP for 5k every month, and repay lumpsum every year
You look so pretty mam
I have done a BT Home loan, the cheque amount is more than the loan, so the previous bank refused to accept my cheque. Pls help
emi ko badhake monthly 4-5 lakh karlo tenure 1 year reh jayega interest bhi bacha loge
pls humble request hai ki ye logic mat lagao - pese nahi the isliye hi tenure badhaya tha
Came up to see your act 😂 fabulous 👌
Ever wondered what's an EMI calculator ?!
Plz make video on rate of interest hike....(repo rate)
Manu bahut salo se aapko insta pe follow kar ra hun you are sooooooo
My home loan 20 lakh at 8% interest for 15 years. How much should I pay to save interest?
what is your monthly salary and expenses excluding EMI
Extra fund kaha se aayega dear
Ye emi calculator icici bank ka he na
Very good video banate ho aap
Extra 5000 mutal fund me or ppf me invest kardo... even if you get a return of 7% over a period of 20 years..majority of your interest will become free.
So you will end up paying nearly 40lakh over a period of 20 yrs without much interest.
I guess this is better solution 🤷
Perhaps, paying an extra 1 lakh per year can reduce a lot of Pain!