Never go for pre EMI. There are hidden terms and conditions. If the builder doesn't complete the construction, your bank will start your EMIs according to the possession date even if you don't have possession. This is a big scam going on between some NBFCs and builders.
*In Bangalore many fraud sites are there, builders will say within 2 years they will construct and offers u low price, but site is not belongs to them, lakhs of people in India got cheated like this, luckily I escaped at starting phase by double checked everything*
Bro, during initial years majority part of EMI of a housing loan consists of interest element only. So, even if its pre EMI one has to bear around 80 - 90 % of same burden as of EMI + RENT of existing house.
For under construction you say 5%gst extra till completion certificate is handed over. For resale , reconstruction and completed new house where there is no pending goods and services there is no GST. So for 1cr flat you save 5 lacs
PRE-EMI is applied to only the amount you have borrowed till date to pay the builder. So the PRE-EMIs are of lesser amount. However, there is a catch. These PRE-EMI payments don't reduce your principle amount. So till the possession, whatever you have paid does not reduce your principle even by a single rupee.
Pre emi is useless.. we simply keep paying interest which only increases the duration of the loan and there is no reduction in principal.. also cant show it for IT returns under interest paid , can showed only under 80c which is already taken care by other things
If only things were that simple. Don't forget to go through the pre-emi terms and conditions. Chances are people will drop the idea after that 😂 unless builder is their relative or a close and trustable friend.
It means you are paying extra money as pre emi over and above your total loan amount. If you can't afford don't purchase apartment. Don't go for pre emi
Don't spread this kind of msgs to public ... Don't go for under construction apartments and pre EMI bcz you don't know the hidden terms and conditions. Real estate is the one which required lot of permissions from the local government.
*In Bangalore many fraud sites are there, builders will say within 2 years they will construct by showing some random place and offers u low price, but site is not belongs to them, lakhs of people in India got cheated like this, luckily I escaped at starting phase by double checked everything*
Bro....u need to give cheat codes to save on things.....not to make things worsen......the poor guy who is paying rent for his house.....will suffer even more once the house completes in few years......paying ONLY simple interest...but who will suffer paying with principal amount.....
Bro one doubt . All these advices r good . But how do I remember all these in real life . I mean when I will get a job and then I will start earning and all . What if I forget some of this advices ?
First don't buy Under construction property in any situation....don't trust builders.....second when you pay PreEMI it will not reduce your loan tenure
Hi, I wanted to about the cibil, how it works and why it is managing our data as we never connected with cibil nad also how cibil score is updating (I know from financial institutions) but financial institutions also can cheat right
Because of corona 2 more years builder took what ever we paid till 6 years its of no use as we cant claim after 5 years. Any update of extension due to corona
If I pay pre emi for 2-3 years amounting 2 lakhs. So will this total amt gets deducted from interest component when my actual EMI starts? Or is that I it won’t get reduced & eventually what I paid would be the extra EMI
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Never go for pre EMI. There are hidden terms and conditions. If the builder doesn't complete the construction, your bank will start your EMIs according to the possession date even if you don't have possession. This is a big scam going on between some NBFCs and builders.
Ohh really??? Bro then what the fuck
Thanks following the tiktokers blindly may cause pocket damage
yes, Did that mistake, the other component gets added to your principal tldr, Pre-EMI is a scam
Psyche
yes my emi is started for under co struction property.
This same beard guy got scammed in insurance last time🤣🤣
Yeah after that he started listening to his man.
🤣🤣🤣
Never go with pre emi. If you can't afford rent and home loan, then don't buy a flat.
Now a days no guarantee until we get possession. Better to go will ready to occupy flats
In cities like pune ready possession are not available....
Yeah and then pay a bomb
*In Bangalore many fraud sites are there, builders will say within 2 years they will construct and offers u low price, but site is not belongs to them, lakhs of people in India got cheated like this, luckily I escaped at starting phase by double checked everything*
True, my family was a victim of this scam. No matter how trustworthy they seem better to buy after construction especially in non metro cities.
@@RS-zh1vc that's is just said by thr builder lobby go ask brokers
My man should chill at the end
Peace
Bro, during initial years majority part of EMI of a housing loan consists of interest element only. So, even if its pre EMI one has to bear around 80 - 90 % of same burden as of EMI + RENT of existing house.
Exactly, I had to pay some amount near to the emi when my house construction got delayed for few months due to corona.
Not a good suggestion!
For under construction you say 5%gst extra till completion certificate is handed over.
For resale , reconstruction and completed new house where there is no pending goods and services there is no GST. So for 1cr flat you save 5 lacs
Can you please elaborate this.
But builders are also smart. When they get completion certificate, they’ll hike the prices and at the end it all becomes the same
Only buy things you can afford 😀
very simple words but effective 🐱
The last line hits different in every shot 😅😅☺
Ur energy is unmatchable
That information Makes me to subscribe channel
The beard doode got scammed last time yoo😂😂😂
PRE-EMI is applied to only the amount you have borrowed till date to pay the builder. So the PRE-EMIs are of lesser amount. However, there is a catch. These PRE-EMI payments don't reduce your principle amount. So till the possession, whatever you have paid does not reduce your principle even by a single rupee.
Don't ever pay EMI whether it is pre or post untill unless you have taken the possession of the property
Pre emi is useless.. we simply keep paying interest which only increases the duration of the loan and there is no reduction in principal.. also cant show it for IT returns under interest paid , can showed only under 80c which is already taken care by other things
what if the builder does not fullfill the promises he has made while selling the flat. plus what if there is some suit after we buy.
not a good suggestion, the pre-emi’s will have very troublesome t&c
If only things were that simple. Don't forget to go through the pre-emi terms and conditions. Chances are people will drop the idea after that 😂 unless builder is their relative or a close and trustable friend.
Use Tranche interest payment method
Kamehameha at the End !!!
Keep paying free interest.
GST applicable my man, so better occupy it after issuance of completion certificate
You are too good 😊👍
Just don't if House property bought before completion of construction it will attract GST
Pls stop doing I follow my man bro in ending of every video.
It feels so irritating now
Yes me also
Don't buy under construction apartment ever.
Last line just spoil all the fun.... 😂
It means you are paying extra money as pre emi over and above your total loan amount. If you can't afford don't purchase apartment. Don't go for pre emi
Poor financial advise is criminal offence
Don't spread this kind of msgs to public ... Don't go for under construction apartments and pre EMI bcz you don't know the hidden terms and conditions. Real estate is the one which required lot of permissions from the local government.
U better have full on bro. Me home loan manager
Pre - EMI is a scam!
*In Bangalore many fraud sites are there, builders will say within 2 years they will construct by showing some random place and offers u low price, but site is not belongs to them, lakhs of people in India got cheated like this, luckily I escaped at starting phase by double checked everything*
Gst will be applicable if u buy under-construction apartment.
Damn .... my mannnnn
Pre- Emi 👏👏
HI,
But interest is near about 90% in start
The end is cringe but still I am disappointed if it's not there.
But principal amount doesn't reduce
Bro....u need to give cheat codes to save on things.....not to make things worsen......the poor guy who is paying rent for his house.....will suffer even more once the house completes in few years......paying ONLY simple interest...but who will suffer paying with principal amount.....
Pre emi won't benefit in tax saving. never go for it.
Bro one doubt . All these advices r good . But how do I remember all these in real life . I mean when I will get a job and then I will start earning and all . What if I forget some of this advices ?
It gets costly..
This dadhi wala remembers me of papa mkc of bhavan bam
IKR
Pre Emi the worst thing
After reading comments one thing I understood he is not giving useful information but still he is getting followers 😅
Apartment really a good investment
What about second sale in emergency
First don't buy Under construction property in any situation....don't trust builders.....second when you pay PreEMI it will not reduce your loan tenure
Do you even know what you mean, sometimes you write sike, sometimes psych... 🙃
Which bank provides that ?
Why u do kame hame ha at the end?
"What's that"
Hi, I wanted to about the cibil, how it works and why it is managing our data as we never connected with cibil nad also how cibil score is updating (I know from financial institutions) but financial institutions also can cheat right
I Follow My Man Broo 🤣🤣😘😀
Bruh 😂 for sure scammy
Sanu sud as Finance expert 😂😂
Because of corona 2 more years builder took what ever we paid till 6 years its of no use as we cant claim after 5 years. Any update of extension due to corona
Change youe last line yar....
Worst suggestion EVER!!! I said that with same YO YO style and energy as you.
Bro why don't you give your content in Hindi you will receive more views on your videos and more subscribers.kindly think about it 😉😀😉😉😉😉😉
Hi Bro, can you please make a video for EV car purchase with tax benefit
Bhai Gst v lagega 5%😂😂😂
Dont use psyche it kind of feel like copied
❤️😘
Hi Sharan, u always give finance tips only for people who's salary is above 80000pm. Please give tips even for people who earn 30000pm. Pleade
The road to success is always under construction.
Just wanted to know One thing will this turn into like evergrand company of China?
Does the same work if I buy a plot and build a house ?
Uhh ig no
If I pay pre emi for 2-3 years amounting 2 lakhs. So will this total amt gets deducted from interest component when my actual EMI starts? Or is that I it won’t get reduced & eventually what I paid would be the extra EMI
Hey, u r doing good , just a suggestion , try to avoid over acting using south Indian accent , speak in clear Hindi or english ,,,
Very very boring...
Put video's tamil brother it's reach vera level soon
Do u mean put videos in tamil alongside english or u want him to post just in tamil?
Don't buy home before it's construction gets finished... The builder over here took our money and ran away.
Bhai plz hindi me dalo video
Watch your videos for last part
Bro don't keep that beard in upcomming videos
Bhai do you have Hindi language to
Finance with sharam🤢🤮🤢🤮
Your way of ending is hideous, please change it
Bro this is like the worst advice that anyone can give you believe me
Sharan English, I am only 7
What you do in last is very irritating, please stop it
This is the worst advice
Mast paise wale logonki video hai ye
This is the worst advice
Psyche dude I just unfollowed this man
Cringe acting
But don't go out with this beard bro... dogs will follow you with barks😂😂😂
Just for fun 😄🤓
FIRST
Last v tu hi h😆
🤣🤣🤣🤣