Home LOAN pe INTEREST bachaye! | Ankur Warikoo #shorts

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[mehak]

May everyone have a good house without a loan.

[bharatmatakijay]

It's funny how this is such an important advice for middle class people, while people are joking around in the comments section. There isn't anything worse for a middle class than being under debt. Being debt free as quick as possible, means a better peace of mind for the rest of life.

[subhendraasthana]

Only option to finish early is that we can pay extra lumpsum amount against outstanding balance .

[devangkhalkar]

Easy to say increase emi by 10% every year.
If emi for 1st year is 30, 000 monthly
Then during the 10th year per month emi would be 77.8k rupees. Not practically possible for everyone.

[fitmind-ezqc]

Increase emi 10 % year ❌ same 10 % same amount invest in sip ✅

[abhibera]

Don't pay upfront. Pay it for 30 years. Get tax benefit. Put the extra money in index fund to get 10 to 20% CAGR.

[JyotsnaSheladiya-pn]

If you don't take a loan, you'll save 25
Best option in

[zackcarl]

5% wala option better hai, i would not mind the 3 year difference as, the amount 5% i will save i can put it to good use by having it increment my sip by 5%

[anupdeodhar]

Funny part is bank charges majority of the interest portion in the first 10 years itself. So if its not settled till 12-13 years its better to continue with the existing EMI till the end of tenure.

[akshaykabra]

Ankur you should also quantify the value of interest saved.

[PalakYadav-imen]

Sir I don't know if you are seeing this or not but please don't mind the haters amd trollers. Your advice is very good amd it surely helps people to manage their finances in a better way

[rifaqueibrahim]

Better do 20k sip for 20 yrs then the return is crores so it's far better than emi

[inthisera-gzpz]

Pandit ji what if we pay 5-6 lakhs extra in every 2-3 yrs and even more money in few yrs then what would it be???

[BANGLAOREDAYS]

Home loans dont really work like that.
During the initial years, a larger percent of your EMI will go towards the interest portion, than in the later years. So, it is best that you pay the EMI throughout the tenure for which you have availed the loan.

It would be better if you would have quatified the interest amount.

[tryzmotrippin]

then the 5% raise is better. better to not have too much of a toll. btw 50 lakhs loan and assuming using saving worth 10 lakhs, 60 lakhs worth house would be really difficult to find in tier 1 cities with a decent locality. I live in a tier 2 city and if you want a decent neighborhood with approved area, expect the least amount of price for a house in 150 gaz plot to be 75 lakhs.

[sagnikroy]

Rishta vahi soch nayi ....😅😅..ab saaall is the new crore 😂😂

[Saur]

Taken huge loan
Me after 4 🍾🍺🍺🍺
Self

[SeeMoreShorts]

Fifth Way of closing loan fast

Emi k ilawa atleast uska 20-30% extra prepay karo har mahine like if emi is 20k you should be paying 6k more towards principal amount every month isse aapka loan amount kam hoga, at the end of the year dene ka fayda nahi, kyunki bank to pehle 5-6 saal me hi sabse zyada interest kaat ta hai. Loan amount kam hoga interest automatically kam ho jayega.

[ashutoshkamat]

Losing out on opportunity cost of money to invest money that can earn 15% than trying to close out loan on reducing balance that is charging interest at 8.5%.

[DibyaRanjanBehera-or]

If we were good to increase the EMI amount by 5 or 10 %, then why would we choose 25 years for the loan? We must have calculated what is comfortable for us to pay each month/year.