Home loan prepayment hack #homeloan #financetamil

Enjoy my English SLANG: @aravindsuriya

Loan amount =₹35 Lakhs
Interest rate=8%
Loan tenure=25 years

Final Interest after paying 12EMI/year =
₹46,04,070

If you paid, then Final Interest would be 13EMI/year =₹ 34,81,814

So by paying 13 emi's per year instead of 12, you are saving 4604070-3481814= ₹ 11,22,256

Out of the ₹27014 that you pay every month, ₹23,333 is paid towards towards the interest which then keeps decreasing to ₹23,309 in the 2nd month upto ₹0 in the 25th year

If you paid that additional emi every month, then amount paid towards interest becomes ₹0 in the 15th year itself.

My 🎒Kit:

3 Books you must read:

[endeavourr]

This guy is talented.... Many ppl copy finance with Sharan... Not that much clear on info thy shared but he is clear and confident on wht he say✌🙌👍

[Thottakkaaravaathi]

வரைக்கும் கடன் வாங்கறத செலவு நா வாங்குங்கள். வீடு கட்டணும் நகை வாங்கணும் னா. சேர்த்து வச்சு கட்டுங்கள். ஒரு 3, 4 வருஷம் வாடகை வீட்டுல இருந்தா ஒண்ணும் குறைஞ்சுடாது🙏

[prabunkl]

Inga pathi per kadan vangi veedu katrathu marriage panrathukuku tha...veedu illana ponnu thara mataranga.... First education loan....apram marriage selavu...apram kolantainga selavu...apram appa amma medical expenses ....apram retairement savings...life total gaali...no enjoyment....intha gap la apo apo sarakadicha pondatinga namba la tuki pottu adikralunga😢😢😢😢

[susila]

Nala news solringa bro....
channel develop aganum.😊

[omprakash-frhb]

உங்க videos மிகவும் usefull aa irruku thambi

[karthigeyan.bkarthi]

Any finance or bank not allow to pay 1 EMI amount for principal deduction. Min 3 emi or 50k which ever is lower to make loan part payment..

[subashm]

Idha pathi innum konjam detail ah slunga bro

[rajaram-gozq]

வருடத்தில் 24000, etf ல போட்டு இருத 25 வருடத்தில் 19, 00, 000 வருமானம். இதுதானே நண்பா லாபம்

[rahmanrijju]

Needful short. Thank you for letting us know.

[teezzz]

இத எந்த bank காரனும் சொன்னது இல்ல bro ...nice explanation but oru brief video போடுங்க bro

[randyorton]

Mini version of Anand srinivasan. All your videos are really useful. All the very best brother

[gowrir]

Give details on how to pay that extra one month

[rishonnaidan]

Am working in banking sector..it's really true bro..

[Vaishnav_]

Bro idhula innoru vishyam... intrest rate changes... Intrest rate float la tharuvanga certain period la marum...nama palaya intrest nu nenachi pay panna adhu pudhu intrest rate ku calculate panni vadiku kutty kuttyku kutty nu ethi vitruchu

[mohammedshakeel]

Actually its vey true... Even i realised this after long time... Thanks Aravind..

[dhinu_diaries]

Worth info. Neraya per ku teriyathu idhu!

[MohuMonu]

Hey bro, appudiye entha tax savings schemes la ethu elm best nu oru video podunga. I know new tax regime came with 7 lakhs limit. But i think old is much better. If possible pls do a video about it

[ananthadm]

Narambu thalarchiku dr. selvar anugavum.

[vigneshradhakrishna]

What he is saying is correct. Initially banks were not allowing to do minimun payment as part payment. Now they don't have such rules. But usually it's good to combine 2 emi's atleast in a year to prepay the amount

[hariprasath]

Bro is this only apply for home loan or can i try this in my education loan?