Term Insurance Home Loan #financewithsharan #investingforbeginners #personalfinance #homeloan

Revised caption for today's reel:-

Taking a home loan is stressful enough on its own but banks go out of their way to make it even harder. Most banks require you to have life insurance to take a home loan since the risk of non-payment due to death.

If you are someone without a life insurance policy, they will try to have you purchase one through them by offering discounts on premiums and also offering to add it to your home loan.

However, these premiums that are added to your home loan are charged with interest on top of them making them more expensive in the long run.

Don’t be blinded by discounts and rather get a term insurance online where the premiums would be much cheaper when compared to taking it through the bank.

[vinayv]

Me : Goes to bank and asks Loan and conveys I already have life insurance
Banker : Nimmoun

[InvestWithGirish]

👆🏻Bank be like: Humse Insurance loge to Loan milega

[jobupdates]

Hahahaha 😂😂😂 his videos are so freaking interesting. I am working for a bank myself.

[shouryabhattacharya]

Love your content. Thanks for the knowledge.

[dineshvinay]

Bro I already have insurance and still gor home loan they forced me to take insurance from them too... otherwise they said no home loan, can you please let us know what's should we do in such cases

[opthomas]

Where can I watch the movie in the poster ???

[Iamgani.heartist]

Hey nimmoun, I knew I knew you are a Bangalorean all these days😝

[MNM_Football]

I'm just curious, but which state are you from?
From your accent ik that ur South India

[minato]

Finally he stopped following Sharan and became Sharan

[Rohit.up]

Yes
And Term insurance is much better than Home Loan insurance. It is 40-45% cheaper. And will continue life long. Whereas once you have repaid your Home Loan the Home loan insurance will Also end with it. Unless you want to insure your home with Fire and Earthquake and all it is of no use. I had also forced to take the Home Loan insurance with Loan in HDFC Ltd.

[mrsrv]

Are you okay now Sharon? I've paid for your "masterclass" but you mailed that you were not doing well and postponed to 17th January but you seem to be well. I don't understand what's going on

[prashant]

Very good information, I think Sharan soon will get nominated for the golden globe of YouTube shorts....

[teluguawareness]

bro, Kindly make a video about the OD account(overdraft), recently i have noticed my friends who are govt employees not receiving salaries on time, bcoz of that they are having trouble to pay EMIs. it would be easy for them if they have a OD account.

[kingsmenmimo]

@financewithsharan, I am caught in this. Can you guide me what I can do to close the so called insurance provided by Home Loan department?

[musicalswarit]

Everyone: Becuase I follow *Finance with Sharan*
Sharan: *I am the goddamn Finance with Sharan*

[vilasable]

Bajaj Fukkrs where also trying to sell their loan with insurance. Thank God I googled and ignored. never ever Bajaj finance

[indianlife]

Bro everyone short video after posting can you attach the full conversation under the discription, so that we can understand better. 🙏.

[prasadkhalane]

Hi. Max life insurance charges 35000 INR per year which I need to pay for next 30 years. But SBI hom loan insurance premium is only 80000 INR which is fixed amount for 20 years duration. Then which is better?

[jaishrazvi]

Habibi actually don't give loans and he can't earn interest for your kind information

[DONT_READ_LOGO]

"You think I was born yesterday"💀