If the person can use the same amount what he is going to use in SIP to increasing the EMI amount, the loan will get closed earlier. Also there is no guarantee on the mutual fund returns to be sure of the final amount
I paid 20 years loan in 6 years. And no, I am not among those who take loan only to show government that they are poor, holding a stash of money without paying taxes. It's simple, I keep my expenses minimum. I use all money of my salary increaments and bonus for loan payments. No holidays and no splurging till I am in debt. Simple rule.
@@jacksims8837 Nope, to be able to live without any concerns by paying off loans as soon as possible. Being in loans is the worst thing to be, but can't avoid it either, as the property prices keep sky rocketing and waiting to buy later doesn't usually work.
That's correct but if you invest that money wisely,you can earn more than the interest to bank. But yeah of you want to play safe,then part payment is better.
Crossing road is subject to accident ..eating road side food is subject to bad stomach ..travelling by plane is subject to crash.. Ohh sorry ,mutual funds are subject to market risk .. Nothing much to say
From my personal experience: 1) If you have a car loan EMI of say 8000 and home loan EMI of 25000, after you finish the car loan, increase the home loan EMI to 33000 or more. 2) Whenever you get an arrear of say 1 lakh or 2 lakh due to pay hike or anything else, please don't buy a new LED TV or go for a holiday. Part pay your loan. If you manage these things, your home will be loan free in no time.
Option 1 make sense, How come it's intrest free when we invest in mutual fund, because it's our own money invested in other area , it's not profit we made out MF investment. And how can someone invest in MF along with EMIs it's difficult.
Home loan EMI is generally maximum 40% of your take home salary. 12% or 24% of your emi means you invest 5 to 10% over and above your emi which is not much. So for example your salary is 1 lakh per month. Bank will allow you loan by considering maximum emi of around 40 thousand. What this video says is you invest 10 thousand in mutual fund along with your emi. So your expense comes around 50k per month with same amount for day to day expenses.
I prefer doing a loan repayment whenever we have money. In 2020 March my outstanding loan amount was 24lak. By 2021 Apr I brought it down to an outstanding amount of 15lak. I did a aggressive saving in pendamic time at home town. I see lot of monthly expenses were off and could save money for loan repayment. In 2021 also if same strategy is applied I can close loan by 2023 May where actual loan tenure ends at 2031. I believe clear home loan at earliest , get peace of mind and then start investing.
I think we all missed to consider one basic point inflation. So how our basic needs cost will remain constant for 10 years. For example just compare the inflation level from 2010 to 2020.
The only good options I personally feel are the 10% and 36% cause by the end of 10 year you are loan free + we don't end up pay excess interest amount. Post 10 years if we use half or 3/4 of the EMI towards SIP we will make a good amount similar to the one shown in option 2 and 3, intact we don't pay out the extra interest so more profitable.
Wow! Salary increase hogi every year aur Kharche wahin ke wahin kaise rahenge?? Apne kharche bhi nahi badhyayega to Basic cheezo ke price to badhenge hi na!
This entire plan does not consider risks such as death, loss of income or job etc.. best way is to keep paying minimum amount towards hime loan until you are debt free except your home. Once you clear all your other debts then start investing 15% towards retirement monthly and throw rest towards your home loan. Also keep 3-6 months of income as emergency fund always
SIPs are taxable, plus you pay fund manager fee, gst on every installment. What I have found effective is: - Creating yearly recurring deposit, earn 6-7% yearly intrest - by end of year, make part payment with that corpus against your principal amount. - Get tax benefits under 80c - reduce your EMI every time you make part payment instead of increasing it. Don't worry about increasing tenure. - Major portion of your EMI goes towards interest. By doing this exercise, you will pay less intrest in a year - add that little difference to your RD installment every year - repeat cycle. This way, you will have control over your payment against your mortgage rather than banks controlling it, giving them lesser intrest amount every year
What's the return % taken for Sips for calculating wealth accumulation is not explained. Your returns can vary depending on market and kind of MF selected. First option is the best option I believe.
I think 36% option can be modify as 10% increased in emi and remaining amount of 36% should be invest in sip. It will be win win situation. Pl correct me if I am wrong.
First of all It is very nice and simple explanation. Thank you for helping me as like many others. I have a query though. If anybody has all the four options available, which one should he/she go for? Does all options have same ultimate value? Would be great if you kindly clarify these too.
One qs on 12% option. I understood that 12% recurring return will get upto interest paid value to the bank for the loan. But that fund (12% of emi) is also going from pocket, so how it's interest free? 🤔
@@creativecreature6857 MF ki ROI % kitni honi chshiye?? Then Cspitsl gain ka smount seems unrealistic. Ideal text book scenario... insurance sell karte hai aise toh. Gain amount aur tax ka explanation dijiye please.
The only problem with the 10 percent rule is that if one invests this 10 percent then it would give a good return after 20 years, especially in a EEE tax free instrument such as PPF. In fact, after a point of time (say 4 years into the loan) 10 percent rule falls apart, and it is best to invest this sum of money in something such as PPF since all of it would be tax free.
how are you calculating 3200*240 = 34,00,000. It totals out to 768000, I'm assuming some kind of compounded Interest rate is being calculated here. Additionally, option 2 , 3 aren't free or anything, it's my money being invested elsewhere, assuming there's a timely navigation done to ensure that the returns are quite positive. Option 1 and 4 are all subjective to inflation, we cannot assume people will contain expenses for 10 or 20 yrs as the same as is current. this is good thinking, but not really practical
instead of increasing the emi pay lumpsum every year and reshudule the emi, it will decrease your emi and interest payment also & next year increase your lumpsum amount
There is catch where i guess no one has taken a look. SIP which you have to pay for 20 or 10 years that goes from your pocket and it will add up in your overall expenses for home. So that is not considered here.
This mutual fund gave returns more than 12% - th-cam.com/video/f1I7XV-V_EY/w-d-xo.html And here is the excel calculator video with 20 years SIP returns - th-cam.com/video/088S2Zk7sYU/w-d-xo.html
i guess if a person selects 12 or 24 or 36 option and rather accumulating in sip for 10 or 20 years a person just keep than money in fd for 3 or 6 m,onths and after every three or six months person goes directly to bank for prepayment then his home loan will finish much early and he will save more interest on his tenure
@@IAMBHARTIY No Prepayment Charges by Banks. But certain Banks sets Minimum Limits for Amount to be given as Prepayment. Also, some allows only Twice a Year
24% Option = 43K EMI + 15K SIP that means shelling out 58K every month...Is the understanding right? Because if this is what you are trying to explain & a person had 15K extra every month then would he not put it in the loan itself to foreclose & also be risk free.
Sir ek questions h. Agar mera EMI 20000 h agar main 12% SIP leta hu EMI amount pe to 2400 SIP + 17600 EMI =20000 hoga yaa 20000 + 2400 hoga Please help
Very nice content and nicely explained. However one doubt in option 1. Every time you increase the EMI value, the bank charges 0.5 percent of the outstanding amount as processing fees. This works to be a couple of thousands every year. Further the mutual fund SIP return is very very optimistic. Have to be little bit more realistic. Notwithstanding this, the video is very enlightening and encouraging
you are talking about transferring the loan charges from mclr to rllr or from one bank to another bank, as per rbi prepayment of home loans dont attract any extra charges. thank you for your kind words
@@TheArtOfWealthBuilding I agree with you that prepayment of loan amount doesn't attract any charges. However to best of my knowledge, in case there is a change in the EMI value, loan tenure, floating to fixed ROI etc, private bank charges 0.5 percent processing charges. However, when we pay a lump sum value, no charges needs to be paid
Apni planning khud Insaan khud apne se kar sakta hai, he knows where he's standing whats his financial position. I have taken loan of 46/- lacs in last 3 years I had paid 15 lacs avg 5 kas a year, I had given my house on rent.
Thnx bhaven sir bilkul bhi confusion nhi hui as apne itni achi trike se jo explain kia vaese m sochta hu ki kisi bhi trh k loan se jb tak back sako bacho
Sir mene home loan liya hai 18 lac. ka 20 year ke liye 7.65 interest rate par agar me har saal 2 lac. Rupye bhar du to muje kitna time lagega lon ko colse karne me 👀👀🤔🤔
First option is making sense as I am saving my interest paid to bank.. other options doesn't make any sense.. If I have money to make sip, I will go for increased emi.. correct?
Few tips which I am myself trying to implement - Quit shopping unnecessarily specially on sale, Do not go for home interior, Stop outing & alcohol & travel & non-veg Opt for running, cycling, free movies on internet, home cooking Stop using credit cards Convince and build team with wife and kids into mission mode to quickly finish home loan, you need their support and help to do this. Earn more on weekends like freelancing or coaching classes or whatever.
Last option is not worth it as Banks charge higher interest in the initial years. So after 10 years, you will be paying a higher principle and less interest. So after 10 years, interest rate on loan is not exactly 8.5 or 9%. Instead of closing the account, this amount can be reinvested in any equity instrument and you will get better returns in next 10 years and it will beat the interest you are going pay in those 10 years. Prepayment is always good at the beginning.
@@TheArtOfWealthBuilding basically your interest is to your total principal, EMI = INTEREST+ principal, so initially principal repayment is less, so interest accumulated is more comparably to the principal after 10years. Hope I didn't confuse you
Sir ji mutual fund subject to market risk hai jaruri thodi na hai 10 years mey jitna apne bataya utna hi amount ho mere pas Franklin BLUECHIP FUND-GROWTH Plan tha mujhe kuch khas growth nhi mili 5 year mey. 1st option acha hai
Great explanation. Do you have an excel based calculator which I can use to see how increasing by more than 10% will help me in reducing the interest component?
Hello. Yes I have explained home loan prepayment calculation method using Excel document in this video. You'll find the excel file download link in video description. Link: th-cam.com/video/liGgfgMn5xg/w-d-xo.html
Great sir ji Bt mujhe ye puchna hai 15lac home loan tenor 120month rate 11% 5yr mai kaise finish hoga maine aap k 1st option ko dekh kr 10%ki jagah 20% emi increase kr k bhi mera loan 5yrs mai finish nhi hota hai, Aap batye kaise finish hoga 5yrs mai
Amazing explanation 👌👌
Thank you
Bhai itana paisa sip me jama Karna hai to loan me jama Karana thik h
Everytime you ask the bank to increase the EMI they charge a minimum amount, why you are not adding those?
@@arunkumarbanjare7 sahi baat. Loan se at least principal amount kam hota jayga to interest ka load bhi kam hota jayga.
I'm playing this video in 2× speed so that i can pay the loan in just 5 years.
Wow!!that’s fantastic ..please inform our subscribers if your idea worked ..We can even make a video on this
@@TheArtOfWealthBuilding awsm rply bro
😁
I have not played the video….so i don’t have to take loan
@@RABBANI101 😂😂😂😂
If the person can use the same amount what he is going to use in SIP to increasing the EMI amount, the loan will get closed earlier. Also there is no guarantee on the mutual fund returns to be sure of the final amount
I paid 20 years loan in 6 years. And no, I am not among those who take loan only to show government that they are poor, holding a stash of money without paying taxes. It's simple, I keep my expenses minimum. I use all money of my salary increaments and bonus for loan payments. No holidays and no splurging till I am in debt. Simple rule.
You are not living your life bro... No holidays? Seriously.
You're dead in lively body.
You need to " think again" about the holidays bruh.
Then what are living for? Paying back loans??
@@jacksims8837 Nope, to be able to live without any concerns by paying off loans as soon as possible. Being in loans is the worst thing to be, but can't avoid it either, as the property prices keep sky rocketing and waiting to buy later doesn't usually work.
Instead of paying sip one could part pay the home loan that will reduce the interest and principal amount in much faster way
That's correct but if you invest that money wisely,you can earn more than the interest to bank. But yeah of you want to play safe,then part payment is better.
Wrong ! He will be earning on SIP @12% and paying @8.5%
Also remember the interest payment and principal can be used as a tax saving tool so factor that one also while comparing with SIP
To do part payment, you need to have a floating interest loan not the fixed one.
Looking at the present scenario how safe are SIP. Do you get your money back when you you need them best??
Thanks a lot wonderful wonderful idea , will implement this strategy dedicated to the loan asap 😊
Nice calculation 👍👍
Good presentation
Very much ideal explanation without "satutary notice: mutual fund investments is subject to market risk"😉
Yes correct
Crossing road is subject to accident ..eating road side food is subject to bad stomach ..travelling by plane is subject to crash..
Ohh sorry ,mutual funds are subject to market risk ..
Nothing much to say
What a coincidence, I got same thought n implemented from this month and TH-cam showed this video in recommended list.
Our phones listen us all the time.
Same here
It isn't a coincidence.
Thats Artificial intelligence 😆
Same here
An excellent presentation
From my personal experience: 1) If you have a car loan EMI of say 8000 and home loan EMI of 25000, after you finish the car loan, increase the home loan EMI to 33000 or more. 2) Whenever you get an arrear of say 1 lakh or 2 lakh due to pay hike or anything else, please don't buy a new LED TV or go for a holiday. Part pay your loan. If you manage these things, your home will be loan free in no time.
Amazing Video,Thank you,its highly educative and empowering.
Thank you
Also mention the pre-requisite that salary should be more than lakh per month in order to see this video.
Option 1 make sense, How come it's intrest free when we invest in mutual fund, because it's our own money invested in other area , it's not profit we made out MF investment. And how can someone invest in MF along with EMIs it's difficult.
Home loan EMI is generally maximum 40% of your take home salary. 12% or 24% of your emi means you invest 5 to 10% over and above your emi which is not much.
So for example your salary is 1 lakh per month. Bank will allow you loan by considering maximum emi of around 40 thousand. What this video says is you invest 10 thousand in mutual fund along with your emi. So your expense comes around 50k per month with same amount for day to day expenses.
3 sal bad hi apko 33% extra of EMI pay karna hoga.
Uska bad to or vi barte chalega....
If your salary increases... 😜
अत्यधिक महत्वपूर्ण और बहुत ही सुंदर सलाह
Good idea but Banks will not allow to do so.
I prefer doing a loan repayment whenever we have money. In 2020 March my outstanding loan amount was 24lak. By 2021 Apr I brought it down to an outstanding amount of 15lak. I did a aggressive saving in pendamic time at home town. I see lot of monthly expenses were off and could save money for loan repayment. In 2021 also if same strategy is applied I can close loan by 2023 May where actual loan tenure ends at 2031. I believe clear home loan at earliest , get peace of mind and then start investing.
Is there any extra charges for loan repayment by bank?
I think we all missed to consider one basic point inflation.
So how our basic needs cost will remain constant for 10 years.
For example just compare the inflation level from 2010 to 2020.
बहुत बढ़िया सर, SIP के पैसे आप दोगे क्या?
The only good options I personally feel are the 10% and 36% cause by the end of 10 year you are loan free + we don't end up pay excess interest amount. Post 10 years if we use half or 3/4 of the EMI towards SIP we will make a good amount similar to the one shown in option 2 and 3, intact we don't pay out the extra interest so more profitable.
Thanks for sharing,,,,, should I call ?
But SIP return always depend upon market ? how we can predict how much we will get after 10 years ?
I would prefer the first option only
Wow! Salary increase hogi every year aur Kharche wahin ke wahin kaise rahenge?? Apne kharche bhi nahi badhyayega to Basic cheezo ke price to badhenge hi na!
This entire plan does not consider risks such as death, loss of income or job etc.. best way is to keep paying minimum amount towards hime loan until you are debt free except your home. Once you clear all your other debts then start investing 15% towards retirement monthly and throw rest towards your home loan. Also keep 3-6 months of income as emergency fund always
Calcultiond are simple but methods are complex...
Good options but expected return on mutual fund is 12.5%.....quite difficult to acheive.....
SIPs are taxable, plus you pay fund manager fee, gst on every installment. What I have found effective is:
- Creating yearly recurring deposit, earn 6-7% yearly intrest
- by end of year, make part payment with that corpus against your principal amount.
- Get tax benefits under 80c
- reduce your EMI every time you make part payment instead of increasing it. Don't worry about increasing tenure.
- Major portion of your EMI goes towards interest. By doing this exercise, you will pay less intrest in a year
- add that little difference to your RD installment every year
- repeat cycle.
This way, you will have control over your payment against your mortgage rather than banks controlling it, giving them lesser intrest amount every year
Gopal/amit would buy home with cash if they could pay 10 % to 36% more EMI.
😂😂
Mutual fund is subject to market risk
Nicely explain...but my doubt is when sip amount ll be taken after 10 yrs..wat z the tax amount to pay...
What's the return % taken for Sips for calculating wealth accumulation is not explained. Your returns can vary depending on market and kind of MF selected. First option is the best option I believe.
By reducing expenditures
8-10% hike in the same company is a dream only. Apart from that lot of other expensses are like kids schooling and other expenses.
Excellent video thanku very much
Income tax was not considered for MF. These are feasible if tax savings MF is selected, I think.
Awesome video sir.....thank you soooooo much for this video
Very useful for future planning.
I think 36% option can be modify as 10% increased in emi and remaining amount of 36% should be invest in sip. It will be win win situation. Pl correct me if I am wrong.
Thanks sir ..aapne bhaut acha samjaya hai...
Thank you
First of all It is very nice and simple explanation. Thank you for helping me as like many others. I have a query though. If anybody has all the four options available, which one should he/she go for? Does all options have same ultimate value? Would be great if you kindly clarify these too.
Excellent boss
Which SIP is good for investment sir please guide me or suggest me
Awesome
One qs on 12% option. I understood that 12% recurring return will get upto interest paid value to the bank for the loan. But that fund (12% of emi) is also going from pocket, so how it's interest free? 🤔
Bhai Aapne 100rs Kisi ko apni Jeb se die.. aur Kahi se 100rs kama lie.. 100-100 = 0
@@creativecreature6857 MF ki ROI % kitni honi chshiye?? Then Cspitsl gain ka smount seems unrealistic. Ideal text book scenario... insurance sell karte hai aise toh. Gain amount aur tax ka explanation dijiye please.
As the income increases expenses also increase like child education, car expense and many more. What about that.
10% option is the best .... because sip has the risk factors
No risk in long term... considering Market history... Risk k aage jeet and growth hai.... Come out of your Comfort zone
The only problem with the 10 percent rule is that if one invests this 10 percent then it would give a good return after 20 years, especially in a EEE tax free instrument such as PPF. In fact, after a point of time (say 4 years into the loan) 10 percent rule falls apart, and it is best to invest this sum of money in something such as PPF since all of it would be tax free.
how are you calculating 3200*240 = 34,00,000. It totals out to 768000, I'm assuming some kind of compounded Interest rate is being calculated here. Additionally, option 2 , 3 aren't free or anything, it's my money being invested elsewhere, assuming there's a timely navigation done to ensure that the returns are quite positive. Option 1 and 4 are all subjective to inflation, we cannot assume people will contain expenses for 10 or 20 yrs as the same as is current. this is good thinking, but not really practical
Good
instead of increasing the emi pay lumpsum every year and reshudule the emi, it will decrease your emi and interest payment also & next year increase your lumpsum amount
How do you believe in SIP, that gives 12%ROI?
Very useful
Good video
There is catch where i guess no one has taken a look. SIP which you have to pay for 20 or 10 years that goes from your pocket and it will add up in your overall expenses for home. So that is not considered here.
Bohot acche se samjhaya sir,, thanking 👍
Calculation looks good but question is which mutual fund will give you 12% guaranteed and the conviction to invest in SIP for 20 years ?
This mutual fund gave returns more than 12% - th-cam.com/video/f1I7XV-V_EY/w-d-xo.html
And here is the excel calculator video with 20 years SIP returns - th-cam.com/video/088S2Zk7sYU/w-d-xo.html
Very good spproach .
I don’t understand when one is not able to increase EMI 10% then how one can start SIP of mutual funds at 12,20&30% of EMI?
Sip money can be taken out back
Emi increment is annually (let initial emi be 100)
100, 110, 121,133,......and so on
But sip is fixed (let for 12 %)
It is 112 for whole 20 years
Its simple bro, if you have extra money, only then you, can do this, or else it nothing logical.
@@NSwaper after 3 years only..I think
i guess if a person selects 12 or 24 or 36 option and rather accumulating in sip for 10 or 20 years a person just keep than money in fd for 3 or 6 m,onths and after every three or six months person goes directly to bank for prepayment then his home loan will finish much early and he will save more interest on his tenure
I am doing same thing and as a Result I have completed 14 years of Home loan in 4 Years
@@dhananjayk130 Hi bro please tell if bank apply any charges for prepayment?how much?
@@IAMBHARTIY No Prepayment Charges by Banks. But certain Banks sets Minimum Limits for Amount to be given as Prepayment. Also, some allows only Twice a Year
Great noleg sir
Very well explained, thanks 😊.
24% Option = 43K EMI + 15K SIP that means shelling out 58K every month...Is the understanding right?
Because if this is what you are trying to explain & a person had 15K extra every month then would he not put it in the loan itself to foreclose & also be risk free.
What where is inflection ?
inflation?
What will inflation effect on emi after 15yrs? Is it good to pre close in 10 yrs?
Video is logically superb, but to start sip or emi...we should start earning.....
Good idea but 36percent is very high a.m0unt for loan payer.
Sir ek questions h.
Agar mera EMI 20000 h agar main 12% SIP leta hu EMI amount pe to
2400 SIP + 17600 EMI =20000 hoga yaa
20000 + 2400 hoga
Please help
I Think 1st option is best, why to take risk of Mutual Fund
Good explanation
putting together my emi amount is only is difficult.from where will get extra amount to pay or open sip.give an idea to make extra money.
These options are great ......
Very nice content and nicely explained. However one doubt in option 1. Every time you increase the EMI value, the bank charges 0.5 percent of the outstanding amount as processing fees. This works to be a couple of thousands every year. Further the mutual fund SIP return is very very optimistic. Have to be little bit more realistic.
Notwithstanding this, the video is very enlightening and encouraging
you are talking about transferring the loan charges from mclr to rllr or from one bank to another bank, as per rbi prepayment of home loans dont attract any extra charges.
thank you for your kind words
@@TheArtOfWealthBuilding I agree with you that prepayment of loan amount doesn't attract any charges.
However to best of my knowledge, in case there is a change in the EMI value, loan tenure, floating to fixed ROI etc, private bank charges 0.5 percent processing charges. However, when we pay a lump sum value, no charges needs to be paid
@@TheArtOfWealthBuilding fixed loan mai bank charge krta .05% amount ka..jab ki floating mai nhi
Boss, your calculation is only applicable when uhv money to pay for EMI as well as SIP.. any wyz thanks
Great vid, sir what is CFB ? which is best SIP to invest?
Apni planning khud Insaan khud apne se kar sakta hai, he knows where he's standing whats his financial position.
I have taken loan of 46/- lacs in last 3 years I had paid 15 lacs avg 5 kas a year, I had given my house on rent.
You seem to be a smart guy ..bohot aagey jaogay..desh mein aise hee smart log bohot hai 👍🏻
@@TheArtOfWealthBuilding
Ji "Shukriya"
@@TheArtOfWealthBuilding was tht sarcasm?
@@christymathew9723 don't know about him but mine was :)
Thnx bhaven sir
bilkul bhi confusion nhi hui
as apne itni achi trike se jo explain kia
vaese m sochta hu ki kisi bhi trh k loan
se jb tak back sako bacho
Sir mene home loan liya hai 18 lac. ka 20 year ke liye 7.65 interest rate par agar me har saal 2 lac. Rupye bhar du to muje kitna time lagega lon ko colse karne me 👀👀🤔🤔
EMI SHOULD BE FIXED WE COULD NOT INCREASE OR REDUCE SO HOW WILL BE?
Good job sir
How is 10500 for 240 months 10400000 ?? which SIP is this?? What is the interest rate that a SIP should have to get that amount of return?
Good👍
Great and convening ideas. We'll done. However, just a quick question.
How about the long term capital gain on the withdrawal of the SIP?
First option is making sense as I am saving my interest paid to bank.. other options doesn't make any sense.. If I have money to make sip, I will go for increased emi.. correct?
3 sal bad hi apko 33% extra of EMI pay karna hoga.
Uska bad to or vi barte chalega....
Mutual fund returns are subject to market risks 😀
Question is how to save to save 10%, 12%, 24% and 36%. Any tips ?
Few tips which I am myself trying to implement -
Quit shopping unnecessarily specially on sale, Do not go for home interior, Stop outing & alcohol & travel & non-veg
Opt for running, cycling, free movies on internet, home cooking
Stop using credit cards
Convince and build team with wife and kids into mission mode to quickly finish home loan, you need their support and help to do this.
Earn more on weekends like freelancing or coaching classes or whatever.
Superb
Last option is not worth it as Banks charge higher interest in the initial years. So after 10 years, you will be paying a higher principle and less interest. So after 10 years, interest rate on loan is not exactly 8.5 or 9%. Instead of closing the account, this amount can be reinvested in any equity instrument and you will get better returns in next 10 years and it will beat the interest you are going pay in those 10 years. Prepayment is always good at the beginning.
Why is interest charged higher at the beginning ?
Why interest is high ?
@@TheArtOfWealthBuilding basically your interest is to your total principal, EMI = INTEREST+ principal, so initially principal repayment is less, so interest accumulated is more comparably to the principal after 10years. Hope I didn't confuse you
Sir ji mutual fund subject to market risk hai jaruri thodi na hai 10 years mey jitna apne bataya utna hi amount ho mere pas Franklin BLUECHIP FUND-GROWTH Plan tha mujhe kuch khas growth nhi mili 5 year mey. 1st option acha hai
Why you are not considering inflation for option 2 and 3?
amazing sir....mai 1-1.5 saal se upka channel follw kar raha hun. my age is 21. future planing me bahut e help hota hai sir. thank you sir.
I have taken 31 lakh for 30 year and 5000 sip. May you suggest any further. My emi is around 21000. Thanks
Great explanation. Do you have an excel based calculator which I can use to see how increasing by more than 10% will help me in reducing the interest component?
Hello. Yes I have explained home loan prepayment calculation method using Excel document in this video. You'll find the excel file download link in video description. Link: th-cam.com/video/liGgfgMn5xg/w-d-xo.html
Great sir thanku the information 👍
Thanks for very useful information. But how about market risk or market crash involved in SIP?
Great sir ji
Bt mujhe ye puchna hai 15lac home loan tenor 120month rate 11%
5yr mai kaise finish hoga maine aap k 1st option ko dekh kr 10%ki jagah 20% emi increase kr k bhi mera loan 5yrs mai finish nhi hota hai,
Aap batye kaise finish hoga 5yrs mai
Very good idea and different options. Suppose a person pays some amount in a year still it works out
It sounds good if the salary increase every year
Mutual fund always subjects to market risk :( No guarantee of returns. 10 % would be best.
Correct there is no guarantee of good returns of MF
yes. 10 % is ok, 12% is over expectations...
If you get returns also you need to pay tax on it based on slab 😁