Save LAKHS while paying off LOANS! | Ankur Warikoo Hindi

When it comes to managing your loans, the question of whether to reduce your EMI or loan tenure can be a tricky one. In this video, I provide a comprehensive approach to understanding the impact of various pre-payment strategies on your overall interest payments and loan duration.

I'll walk you through the intricacies of managing your home loan, emphasizing the significance of early and substantial pre-payments. By the end of this video, you'll have a clearer understanding of how different approaches can help you save on interest and potentially pay off your loan faster.

Don't miss out on this valuable insight into effective loan management. Join me as we explore the options and strategies that can make a significant difference in your financial journey.

#loanmanagement #homeloan #warikoo

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My bestselling books:

My gear for shooting this video:

Useful links:

The above links are on Amazon.
If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L and in 2022 we contributed 53L.

Let’s connect online:

[warikoo]

My bestselling books:

My gear for shooting this video:

Useful links:

The above links are on Amazon.
If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L and in 2022 we contributed 53L.

[AbhiDaRocker]

I remember I pre-closed my “first car” loan which I took from SBI. I prepaid by any amount (whatever was possible). I didn’t do any such calculations, my simple funda was: if I cannot grow my assets by 8.5%, I will not let my liability to grow in that same rate. 😊 Young professionals are lucky as they have these videos to understand finances.

[GMZone]

When I need to refer any point from your video, I can just browse and in just a second I can get what I need, don't have to wait on an ad when I'm actually in a rush. At times when ads pop-up while browsing important financial stuff, it is so annoying.
Thank you for not monetizing youtube. You are amazing.

[malarvizhikasi]

Nobody explains it better than Mr Warikoo. Thanks for the content. Have been learning a lot !

[gurdeepsingh]

The key takeaways are:

a.) When "compounding" takes on with "compounding" it is only "break-even" that is left as a result.
b.) The additional EMI or increased EMI amount that we pay to the bank in the initial months is "valuable" money vs. "invaluable" or "devalued" money that we keep paying till the term ends (due to inflation).

So, it's a matter of choice what route you wish to go.

If you think you could have invested that extra (valuable) money that you've saved (by not paying to the bank in the initail months) & could have earned more "compounded" profit out of it (compared to what you would have paid to the bank), then yeah that's your call.

Otherwise, it is always a better idea to pay that money to the bank instead to close your loan early.

Nevertheless, excellent content as always! Thanks for dedicating time to record this and share with the audience!

[sudhansumohapatra]

The concept of 10% increase in EMI is a very smart option but we have to understand bank has made certain EMI beyond which you cant increase EMI. So please consider that in your calculation aheet

[scoobydoobydoo]

Thank you so much. I had been trying to understand this myself, this video will help me clear my home loan

[ManojSharmaExplorer]

I adopted this for my Second Home loan and it worked fabulous. Thanks Warikoo 👍🏻

[sarangabarde]

I wish I could know such things 5Y ago when I took car loan.. I was able to repay much of it early but at its last leg.. Past is past, I will use this knowledge for quick repayment of my home loan that I'll be starting soon. Thanks Warikoo ji.

[ashuwendrayadavgbvetyepgm]

you know what, at first i was thinking u are here only for selling things, but today i thought no i was wrong. Thank you for all this information.

[nikhilchodankar]

So effortlessly and swiftly you have communicated such things deeply.. Truly appreciated and

[Smita]

You guys are amezing. You saved my lakhs of money. My soulmate who shared the video to me & Amezing you. My heart is thankful for both of you. ❤

[alakeshgangwal]

Thank you, Ankur Sir for detailed video. Although, this is an incomplete video. There are 2 more scenarios that are in the reduced EMI Option. 1) Additional Reinvestment of the reduced EMI amount in the Loan Principal Amount 2) Investment of reduced EMI Amount in equity market (Stocks / MF) at ~12% return.

Also, even if we ignore all of this the amount saved in EMI should also be added in the amount saved in addition to interest. I Agree that this might be less than the Reduce Term option but will provide better clarity to all your viewers. Let me know if I am missing any point in understanding this. Thanks.

[ashimbiswas]

Today i collect some new knowledge....❤❤❤❤
Thank you sir❤❤

[jaspreetsingh-pvsd]

I was 100% sure that after finish watching this video, there won't be any such excel link in the description .And see that's exactly it is 😄

[anishbiswas]

U r the best sir…the way u speak…the way u explain …the way u show ur decency …each and everything is best about u…i wish i could have acquired only 1% of ur knowledge

[_prajwal_rk]

love you sir for providing free financial knowledge which is necessary to each and everyone especially 20's

[sahilpednekar]

I have started my home loan recently and got a helpful video to save money in future🙌

[madhugowda]

Warikoo ji.. you explained it so nicely, that even a common man can understand and execute. thank you so much for all your help. This helped me plan my finance better. God bless you.. and lots of love.

[HarpreetSingh-egiy]

Sir really u changed my life my loan interest reduced thanks