I think this is not fair that, while interest increases automatically adding on loan amount & Tenure, But while interest reduced By RBI, we have to give request from our side .
@@nandabim25 Whenever RBI announces an increase in its monetary policy rates, housing loan-providers, such as banks and finance companies, are quick to hike interest rates. However, the same efficiency is never shown by these lenders, when there is a rate cut by RBI. It may sound unethical to borrowers, but lenders like to earn more and make more profit. The question, however, is: Why do regulators turn a blind eye to this unethical practice of lenders?
Dear Mr Nivas, it's an appropriate Post at the right time during the interest rate hike by RBI. Hopefully it will be very useful and eye opener for the lot of home loan borrowers. Great Job.
Thanks sir. I took home loan in SBI initially at 7.55% in 2019 38lakhs they are increasing the rate of interest continuously now iam paying 10.05% for two years. But iam requesting the sbi bank to reduce the interest rate they are telling they do have rights to change. Like that.
In aug and sept alone hdfc has increased the housing loan as 0.5 , 0.5. When asked thy said rbi has increased the intrest rate. It it true that rbi has increased the intrest rate in 2 Consiqutive months.
சார், நான் Indian Overseas Bank ல் IOB suraksha ,என்ற accidental policy yearly premium Rs 350/- எடுத்துள்ளேன். SBI ,ல் accidental policy yearly premium Rs 200/- எடுத்துள்ளேன். இவ்வாறு இரண்டு வங்கியில் பாலிசி எடுக்கும்போது எனக்கு ஏதாவது ஒன்று நடந்தால் என்னுடைய நாமினி இரண்டு வங்கியிலிருந்தும் கிளைம் செய்யமுடியுமா?
upon asking for ROI conversion to the bank. they have me a reduced interest rate but they mentioned this clause on the bottom the mail. "Kindly be noted that offered rate is valid for 30 days from the date of rate offered."
Nagalum floating thaa yanga pakathu veetulium floating thaa but avagaluku extra amonut pay pana solala...yangaluku mattum extra 500 pay pana soli erukaga y?what is the difference between this? Plzz explain sir
வணக்கம். நான் வீட்டு கடன் வாங்க உள்ளேன். நீங்கள் கூறியது போல் mutual fund investment செய்ய நினைக்கிறேன். Mutual fund investment எதில் முதலீடு செய்தால் நல்ல வளர்ச்சி கிடைக்கும். பதில் கூறவும். நன்றி
In case, if I do some partial payment (eg.50k). How bank will deduct this amount from principal OD or monthly EMI payment? FyI, HDFc Bank. Please advice and thanks.
Loan amount increase panni adikarthu besta? Ilaa sip podurtha besta. I have 1000000 home loan in Canara bank with 12 % interest tenure period 10 year .All ready I completed 3 year now 6.9 lakhs need to pay what I want to do
In 2019 I bought 3950000 lak home loan tenure is 20 years . Currently I am having 3550000 . Emi amt is 35000 . Can you help me in reducing the tenure how much I need to increase the emi amount to close the loan in a faster way.
Hi can you please share the link of the EMI and interest variable calculator sheet that you showed us in the video. One more point prepayment of 5% of the principal only you are telling right???Thanks for the details.
EMI not getting deducted as per My Axis bank loan RAC agreement though i maintained my saving account balance enough money Since beginning of the loan 2019. Hence, my loan principal money showing more now. Approached bank to adjust principal, no solution. Why did i maintain more money in bank balance if they are not going to take as per loan agreement? Is there any possibilities to get Principal adjustment and Compensation demand from our end to Axis Bank Loan section
Hi Sir..I took loan from LIC with 7.1 ROI with tenure ending 2041 (20 years) . We did some prepayment 2 months ago..nd tenure reduced to 2040. Now they increased to 8.85 ROI, I know the EMI would increase and it is showing increased of 1.5k which is fine, but does tenure too increase? Suddenly it’s showing loan end date as 2046. Is this normal? Whenever the ROI increase, always the EMI would increase right with tenure remaining constant. But this time both EMI and tenure increased. Anything showing wrong in portal? Or I understood wrong above. Please correct. Thanks.
Hi Sir, Very recently I started to invest in mutual fund. My MF portfolio is ICICI nifty 50 ICICI Bank index ICICI IT index Aditya Birla pharma fund Mirae asset tax saver fund. I'm planning to close after 15 years. Is all these MF are okay or I have to change? Please reply me 🙏🙏🙏
@@nivasexcites let me say I pay an EMI of 100000 for 20 years for a home loan, and the house is fetching me 45000 rent now, over a period of time my emi won't raise but my rent will, it will at some point exceed my emi, in that case having a long term loan would be beneficial right, moreover Housing loan interests are having 2 - 2.5% markup, and inflation in India is always minimum 5% that effectively mean I'm paying 4% interest right, after sometime I can even sell the property when it appreciates and pay off the loan if I want, want to know your insights on this 😊
Very useful information thanks. My EMI was 20k and it got increased to 23K now. May I know the Future Prediction of RBI interest hike or low ? Any chances there to make the ROI low again ?
Hi sir I take loan in HDFC Bank what u said same way I ask them to don't increase no of years I'll pay in each EMI but bank persons said this not possible HDFC doesn't have that option is this true pls answer me sir
They reduce No EMI, but EMI amount will increase. If they are not accepting. Pre-pay 5% of Loan amount every year extra. Automatically Loan duration will come down.
Thank u for ur reply...one more dought sir..can I go take over to axis ..because they give 8.2% interest..and then I will pay for ur ideas basis..it will help reduced my interest amount
Brother, I took house loan last year in canara bank. Emi amount only increasing each month due to increasing rate of interest. But tenure years still remains same. I didn't raise any request for them.
@@nivasexcites every month increasing. I started rate at 6.95 , now it's 8.85.. emi amount also increased almost 10 k till now.. bank said fluctuation will be there till next year may month. Not sure brother,how much amount will get increase :(
Thanks for the explanation. I have availed 35L housing loan in 2015 and current outstanding is 26L. I had not paid any addl amount in the first 5 years as suggested. Kindly assist how to get rid from this loan. Either by paying an extra standard amount every month or invest in SIP for the next 10 years and to use it for loan closure? Please clarify.
Hi sir iam watching vedios regularly u r giving very useful information,iam investing in parag parik flexicap 10000,UTI nifty fifty index 5000,maria assest emerging blue chip 2500 as sip in direct is all these funds are good or should i add any additional funds pls let me know.
Sir. Ipo naa oru bank la veedu adamanam vachu kadan vanguran floating interest rate la 20 yr ku . Rbi oda repo rates ovoru year kum change akum pothu additional ah ennoda tenures lanthu add akitu pokuma sir.ila entire period la change ah na motha interest rate vachu last la tenure add pani kuda kata soluvangla sir. Please clarify
No guarantee in mf. But you can expect 10 to 12%. Invest in midcap funds for good growth. For more info, WhatsApp to 9994266772. Tax is 10% on profits. Upto 1lakh profit, no tax.
Instead of doing 5% or 10% as lumsump on 13 month, if we pay 5% of total amount as SIP, will it help? Coz instead of paying 2L as one shot, can we pay 15K every month for 1 year?
I have one doubt sir...en husband last month erathudaru.ipo varishu certificate la en sons and en maamiyar name eruku.ennaku aduthu en sothunaa en pillkaluku pokum ma illa en mamiyaaruku pokum ma..en pillka age 2 years and 3 years two sons..enna ku pls reply pannuga sir
@@nivasexcites sir Ennoda bank loan floating interest rate than intha month rate of interest changed nu message panni irukanga aana evalo nu sholla la sir atha epdi kandupdikurathu plz sluga sir 🙏
Bro, If i pay 6000 in SIP for 25 years along with Home EMI.. How i will get 1.12C.. The EMI i pay will go for home and only the SIP return i will get rite..
@@nivasexcites sir mutual funds la schemes very time sir for eg 700rs inverse Pana after days with intrst 920rs return panranga ,another like 3000 rs after 30days 5220 with intrst return varuthu ,ithu trust panlama ahh
Hi sir Is it mandatory to pay first 3 emi to reduce the interest rate? I would like to reduce my home loan interest rate by paying converaion fee. But bank is not allowing me to do so
@@nivasexcites Ok Sir so far they have mentioned that only life insurance will be there and no prepayment fee(penality) or pre payment restrictions for mortagage loan.
@@pragadeeshs8769 mortgage insurance is only protecting the loan incase of the death of loan holder. If the loan period is over, no Insurance protection. Term insurance is a protection of our income. Say you take 1crore cover, if the life assured is no more. 1crore is paid to the nominee. They can settle the loan outstanding amount and keep the balance amount to manage the family.
I have a doubt suppose if we pay 5% of additional loan amount in the middle of any month without following 13th month additional payment?? Please confirm whether the loan would decrease??
Hi sir ,naga rompa kutty oru vidu katanum single room vachu athuke 10lk agumnu soldranga.nega soldra Mari en husband ku sugar,heart attack vanthu iruku angiography paniruku .engalta amount Kaila onu Ila loan pota yeppdi podadum,safe a pay pananum,avanga job corpenter tha daily salary tha pls enaku clear'a guide panuga engaloda rompa nal asa
Sir nagalum floating thaa potu erukom but yangaluku years and emi amonut rendum increase aieruku naga epo 500 extra pay pandrom...bank la keta yatho faber policy potu erutha epudu agum nu soldra...nega konjam clear soluga
Hello sir..i have a doubt regarding loan repayment.. First, i have took housing loan and then a top up loan in sbi.. So if we are planning to pay the repayment should we pay the topup loan first??
Sir I took loan recently in union bank of indian they gave me loan tenure as 360 months is it possible to change loan tenure 240 months before starting my first emi... Could please tell me sir
Don't do that.. pay atleast for 10years. You can get tax benefit. And you can invest the amount in mutual funds for better returns. If the interest high and above 10% then you can close it soon.
@@nivasexcites sir I need urgent amount 25 laks..so that I plan to take loan..after one year i can arranged that money..so if I pay that full amount after 1 year..i can pay the 1 year interest only right or wrong sir..?
I think this is not fair that, while interest increases automatically adding on loan amount & Tenure, But while interest reduced By RBI, we have to give request from our side .
TRUE. But that's how the term and conditions are. So we have to be aware.
Additional we have to pay for the conversion :)
@@117coolboy yeah. How unfair it is..processing fee
Not correct it's automatically get reduced or increased depending on your interest regime.
@@nandabim25 Whenever RBI announces an increase in its monetary policy rates, housing loan-providers, such as banks and finance companies, are quick to hike interest rates. However, the same efficiency is never shown by these lenders, when there is a rate cut by RBI.
It may sound unethical to borrowers, but lenders like to earn more and make more profit. The question, however, is: Why do regulators turn a blind eye to this unethical practice of lenders?
Dear Mr Nivas, it's an appropriate Post at the right time during the interest rate hike by RBI. Hopefully it will be very useful and eye opener for the lot of home loan borrowers. Great Job.
Thank you Mahizh brother
Sir, your information is really helpful for me to get clear insights about my loans and closure process.. Really doing a great job.. All the best.. 👍
Thank you so much for the comments
யாரும் லோன் வாங்க வேண்டாம் என்பது எனது தனிப்பட்ட கருத்து 👍
Correct sir. But then how to construct a house at today's cost. Instead of paying Rent we can pay EMI.
Thank you so much..after watching mny videos tour video made sense to me.
Most welcome
மிகவும் தெளிவான விளக்கம் சார்
Thank you nagendran
Thankyou so much bro
You are doing great now a days
All the very best🙌🏻
Thanks for this video bro 😇😇🙏🏻
Most welcome Ragul
Thanks sir. I took home loan in SBI initially at 7.55% in 2019 38lakhs they are increasing the rate of interest continuously now iam paying 10.05% for two years. But iam requesting the sbi bank to reduce the interest rate they are telling they do have rights to change. Like that.
Sir, thank you so much very very important messages 🙏🙏🙏
Welcome Arun
அண்ணா நான் ஒரு இன்ஷாக்வஸ்ட் பண்ணனும் ஒரு monthly Rs-1000.... ஒரு ஐடியா கொடுங்க...
Investor App - www.assetplus.in/mfd/Excitemutual
It's true I also affect this type of interest tq sir it's very useful
Thank you Ashok
Excellent explain thank u sir
Welcome. Thank you for your appreciation.
Super very useful information thankyou 👍🏻👏
Welcome Radhakrishnan. Thank you for your appreciation
In aug and sept alone hdfc has increased the housing loan as 0.5 , 0.5. When asked thy said rbi has increased the intrest rate. It it true that rbi has increased the intrest rate in 2 Consiqutive months.
Yes. Rbi increased twice in the last 3months
During the period from April 2022 to October 2022, SBI has increased the housing loan 4 times.
SIP kum loan EMI kum enna sambadham. Can u elaborate on that.
Superb sir... good information... Thank you so much....
Most welcome
Very useful video sir thank you sir
Most Welcome
சார், நான் Indian Overseas Bank ல் IOB suraksha ,என்ற accidental policy yearly premium Rs 350/- எடுத்துள்ளேன். SBI ,ல் accidental policy yearly premium Rs 200/- எடுத்துள்ளேன். இவ்வாறு இரண்டு வங்கியில் பாலிசி எடுக்கும்போது எனக்கு ஏதாவது ஒன்று நடந்தால் என்னுடைய நாமினி இரண்டு வங்கியிலிருந்தும் கிளைம் செய்யமுடியுமா?
Yes. Your family can get both benefits
@@nivasexcites thank you very much sir
Excellent work sir we need more videos like this
Thank you Bhuvanesh
Sir unga contact number kedaikuma
WhatsApp no 9994266772
அரசு ஊழியர் பெறும் அரசு கடன் பற்றிய பதிவு ஏதும் போடுங்கள்
House loan tenure with is best minimum tenure or maximum tenure
EMI amount no problem
Economical with is best
Tq sir.... Very clear explaination🙏
Welcome Balu
Thankyou for the information at the right time sir..
Most welcome
Sir, I already completed home loan EMI for 5 years. Now I would like to reduce burden . Cab I have suggestion for how to plan my EMI and prepayment?
Pls repay 5% to 10% of loan outstanding amount
This is MUST Watch video
Thank you srivathsan
upon asking for ROI conversion to the bank. they have me a reduced interest rate but they mentioned this clause on the bottom the mail. "Kindly be noted that offered rate is valid for 30 days from the date of rate offered."
Sir, correct. They will increase only if RBI increases the rate.
@@nivasexcites RBI announces overall to all banks & NFBS right. not specfic to any institution?
It's always better to reduce no of terms than increasing EMI bcox if we do prepayment,no of terms vl gradually reduce
Only when interest rate is hiked, I would suggest you to decrease the duration. Otherwise prepayment is enough
Sir great&helpful information
Thank you
Thank you for the valuable information
With pleasure. Thank you for your appreciation.
Nagalum floating thaa yanga pakathu veetulium floating thaa but avagaluku extra amonut pay pana solala...yangaluku mattum extra 500 pay pana soli erukaga y?what is the difference between this? Plzz explain sir
I don't know. Pls check with your banker
thank your everyone
வணக்கம். நான் வீட்டு கடன் வாங்க உள்ளேன். நீங்கள் கூறியது போல் mutual fund investment செய்ய நினைக்கிறேன். Mutual fund investment எதில் முதலீடு செய்தால் நல்ல வளர்ச்சி கிடைக்கும். பதில் கூறவும். நன்றி
WhatsApp to 9994266772
Thank you for your video I am having the home loan, in the third method I need to invest in mutual funds kindly give your suggestion for two funds
WhatsApp for more details to 9994266772
In case, if I do some partial payment (eg.50k). How bank will deduct this amount from principal OD or monthly EMI payment? FyI, HDFc Bank. Please advice and thanks.
Can u please clarify? If I do payment online from another bank? Will it get deducted from principal or intrest?
@@ajeekar if you make any additional amount other than EMI, it will get reduced in principal only. Anyways, check with the bank staff before doing it.
@@nivasexcites thanks 👍
Loan amount increase panni adikarthu besta? Ilaa sip podurtha besta. I have 1000000 home loan in Canara bank with 12 % interest tenure period 10 year .All ready I completed 3 year now 6.9 lakhs need to pay what I want to do
@@chumaoruchannel9623 pay EMI regularly and pay 50000 every year extra.
In 2019 I bought 3950000 lak home loan tenure is 20 years . Currently I am having 3550000 . Emi amt is 35000 . Can you help me in reducing the tenure how much I need to increase the emi amount to close the loan in a faster way.
Pay 1.75Lakhs extra every year apart from EMI.
howing Ioan vaanga entha bank best pls solunga sir thank you
Check with your own bank where you savings account. Then check with sbi, Hdfc
Hi can you please share the link of the EMI and interest variable calculator sheet that you showed us in the video. One more point prepayment of 5% of the principal only you are telling right???Thanks for the details.
I have prepared in an excel sheet.
Thanks for the video, I Just wanted to check with you that SIP and Manual Investment will provide the same result
Avoid manual investment. Sip is easy
@@nivasexcites I understand SIP is easy but is it any difference available between them
EMI not getting deducted as per My Axis bank loan RAC agreement though i maintained my saving account balance enough money Since beginning of the loan 2019. Hence, my loan principal money showing more now. Approached bank to adjust principal, no solution. Why did i maintain more money in bank balance if they are not going to take as per loan agreement? Is there any possibilities to get Principal adjustment and Compensation demand from our end to Axis Bank Loan section
Hi Sir..I took loan from LIC with 7.1 ROI with tenure ending 2041 (20 years) . We did some prepayment 2 months ago..nd tenure reduced to 2040. Now they increased to 8.85 ROI, I know the EMI would increase and it is showing increased of 1.5k which is fine, but does tenure too increase? Suddenly it’s showing loan end date as 2046. Is this normal? Whenever the ROI increase, always the EMI would increase right with tenure remaining constant. But this time both EMI and tenure increased. Anything showing wrong in portal? Or I understood wrong above. Please correct. Thanks.
When RBI increase interest rate, they will increase this. Pls follow few things in the video to reduce loan interest.
Same problem bro
Hi Sir,
Very recently I started to invest in mutual fund.
My MF portfolio is
ICICI nifty 50
ICICI Bank index
ICICI IT index
Aditya Birla pharma fund
Mirae asset tax saver fund.
I'm planning to close after 15 years.
Is all these MF are okay or I have to change?
Please reply me 🙏🙏🙏
Pls WhatsApp to 9994266772
What about the inflation sir, 100000 paid today is not equal to 100000 paid after 10 years or 20 years or on 36th year
Becoming Debt free should be a priority. How much interest are you going to pay in 36 years?
@@nivasexcites let me say I pay an EMI of 100000 for 20 years for a home loan, and the house is fetching me 45000 rent now, over a period of time my emi won't raise but my rent will, it will at some point exceed my emi, in that case having a long term loan would be beneficial right, moreover Housing loan interests are having 2 - 2.5% markup, and inflation in India is always minimum 5% that effectively mean I'm paying 4% interest right, after sometime I can even sell the property when it appreciates and pay off the loan if I want, want to know your insights on this 😊
Hi sir , suppose i pay prepayment in online will SBI loan account reduce tenure automatically
Yes
Pls assist us, SIP which fund we can invest
Sure. Download our Investor App - www.assetplus.in/mfd/Excitemutual
Naanum en husband seruthu sambarija kashula vaakuna sothuthan than.purviga sothuna illa
Then nothing to worry. But you write a proper will for yourself. Convert the property in your name. Consult your lawyer.
EMI kamina yrs yadukuradu best ilana long term yrsla yadukiradu best
Housing loan tenure 15yrs or 25yrs which is best
Upto 20yrs, you can take
I ask housing tenure is best or maximum tenure
EMI amount no problem for me
Very useful information thanks.
My EMI was 20k and it got increased to 23K now.
May I know the Future Prediction of RBI interest hike or low ?
Any chances there to make the ROI low again ?
Very less chance for reduction interest rate now. But it will not also increase much from here.
Apti pay panna tenure decrease agum ok....but intrest athe thana ? Adhuku emi amount mattum pay pannirlaam eh
Loan vankum pothum 6.25% interest , aana ippom 8.95% interest ithu possible ah sir
Yes. Pls pay 5% extra every year. Your loan will get closed soon.
What if I do part payment for every 6 months/ 3 months instead of waiting to pay at 13th month.?Will I get benefited Sir!??
Yes you can do it
Really informative sir 🙏
Thank you
Loan against property or home loan which is better? Pls suggesr
Both are different concepts. Interest is low in Home loan. And you get tax benefits as well.
Sir, can you please make a video on home loan with overdraft account facility?
Yes specifically for sbi maxgain home loans
Hi sir I take loan in HDFC Bank what u said same way I ask them to don't increase no of years I'll pay in each EMI but bank persons said this not possible HDFC doesn't have that option is this true pls answer me sir
They reduce No EMI, but EMI amount will increase. If they are not accepting. Pre-pay 5% of Loan amount every year extra. Automatically Loan duration will come down.
Sir..thank u for ur information...but we paid 54 installment..for 41lac ,15 yrs,emi 38767..almost paid 2103530...pls suggest what do to..now onwards.
Same process start atleast now. Pay 5% every year
Thank u for ur reply...one more dought sir..can I go take over to axis ..because they give 8.2% interest..and then I will pay for ur ideas basis..it will help reduced my interest amount
Brother, I took house loan last year in canara bank. Emi amount only increasing each month due to increasing rate of interest. But tenure years still remains same. I didn't raise any request for them.
That is called floating rate housing loan. It will be like this. But I don't think it will increase further from here.
@@nivasexcites every month increasing. I started rate at 6.95 , now it's 8.85.. emi amount also increased almost 10 k till now.. bank said fluctuation will be there till next year may month. Not sure brother,how much amount will get increase :(
@@antosk2004 Before covid, it was 8.5%. Due to covid they reduced the rate. Now they again raised it. It will not increase much from now
@@nivasexcites Thanks 🙏🙏
Thank you brother 😊
Welcome
Thanks for the explanation. I have availed 35L housing loan in 2015 and current outstanding is 26L. I had not paid any addl amount in the first 5 years as suggested. Kindly assist how to get rid from this loan. Either by paying an extra standard amount every month or invest in SIP for the next 10 years and to use it for loan closure? Please clarify.
If the rate of interest above 8%. Try to pay 5% every year additionally. This will help. And start sip for your other financial goals
@@nivasexcites Thank you for your guidance and immediate response
Hi sir iam watching vedios regularly u r giving very useful information,iam investing in parag parik flexicap 10000,UTI nifty fifty index 5000,maria assest emerging blue chip 2500 as sip in direct is all these funds are good or should i add any additional funds pls let me know.
WhatsApp your details to 9994266772
Correct taa sonninga
Thank you
Sir, எனக்கு EMI & TENURE இரண்டுமே கூடிக்கொண்டே போகிறதே..?
It's not bad. They are balancing both. Some banks are doing this. Pls pay 5% extra for years.
Sir,
If emi is 20000 per month is that okay i can pay 25000 means 5k extra in any month. Will it reduce my interest amount?
Yes. You can do that
Sir, can we start the prepayment in first year itself?
And what's the maximum percentage that can be prepaid per year in sbi home loan?
Sir. Ipo naa oru bank la veedu adamanam vachu kadan vanguran floating interest rate la 20 yr ku . Rbi oda repo rates ovoru year kum change akum pothu additional ah ennoda tenures lanthu add akitu pokuma sir.ila entire period la change ah na motha interest rate vachu last la tenure add pani kuda kata soluvangla sir. Please clarify
Sir! Nanga home loan 10 lakhs eduthitunthom corona nala kata mudiama irunthichu 3 notice vanthichi nanga aprom konja konja ma 3 lakhs katnom ana decrease akala OD nu irunthichu.Ipo auction nu notice vanthichu. Ethachum option iruka .Any solution iruntha solunga sir pls.
You are really helping
Thank you bro
If I start SIP with 10k per month for 10years how much returned is guaranteed and what will be tax deductions for the return
No guarantee in mf. But you can expect 10 to 12%. Invest in midcap funds for good growth. For more info, WhatsApp to 9994266772. Tax is 10% on profits. Upto 1lakh profit, no tax.
Instead of doing 5% or 10% as lumsump on 13 month, if we pay 5% of total amount as SIP, will it help? Coz instead of paying 2L as one shot, can we pay 15K every month for 1 year?
No. During interest rate hike, it will not workout. Hope you watched the video fully.
I didn’t get it, kindly let me know how to contact you for further details!
Thank you sir
Most welcome
True sir
I have one doubt sir...en husband last month erathudaru.ipo varishu certificate la en sons and en maamiyar name eruku.ennaku aduthu en sothunaa en pillkaluku pokum ma illa en mamiyaaruku pokum ma..en pillka age 2 years and 3 years two sons..enna ku pls reply pannuga sir
Your name is not there is Vaarisu certificate?
Sir, How to find my bank current floating interest Rate?
Current month interest rate is the floating interest rate..
@@nivasexcites sir Ennoda bank loan floating interest rate than intha month rate of interest changed nu message panni irukanga aana evalo nu sholla la sir atha epdi kandupdikurathu plz sluga sir 🙏
Very informative video
Thank you so much for the appreciation
Sir one doubt which loan to be prioritised i have taken both jewel and home loan
Close the one with high interest rate.
If i am going for 26lakhs for 20years if i pay more than 10% for example 15% for 2 years how many years it get reduce.
Bro, If i pay 6000 in SIP for 25 years along with Home EMI.. How i will get 1.12C.. The EMI i pay will go for home and only the SIP return i will get rite..
Yes only the mutual fund amount will be returned. That will be equal to Total EMI plus Sip payment made.
Sir invesco mutual fund by American company ithu pathi plus and minus explain panunga sir
You can invest. American or Indian, its regulated by SEBI. So nothing to to worry. But you have to choose right schemes for your goals
@@nivasexcites sir mutual funds la schemes very time sir for eg 700rs inverse Pana after days with intrst 920rs return panranga ,another like 3000 rs after 30days 5220 with intrst return varuthu ,ithu trust panlama ahh
Hi sir
Is it mandatory to pay first 3 emi to reduce the interest rate? I would like to reduce my home loan interest rate by paying converaion fee. But bank is not allowing me to do so
Every bank has slightly different rules. So within those rules only we can change.
I'm interested to invest sip.. but which one is better sir..
WhatsApp to 9994266772
Hi Sir, Planning to take a mortagage loan and could you please give some suggestions on insurance and prepayment options.
That would be helpful
Pls follow the same rules of home loan for pre closure. For insurance, take term insurance
@@nivasexcites Ok Sir so far they have mentioned that only life insurance will be there and no prepayment fee(penality) or pre payment restrictions for mortagage loan.
@@pragadeeshs8769 try to get Term plan and say I don't need mortgage insurance
@@nivasexcites Ok sir thanks for the info.
If pssible could you explain diff b/w mort insurance and term plan.
@@pragadeeshs8769 mortgage insurance is only protecting the loan incase of the death of loan holder. If the loan period is over, no Insurance protection. Term insurance is a protection of our income. Say you take 1crore cover, if the life assured is no more. 1crore is paid to the nominee. They can settle the loan outstanding amount and keep the balance amount to manage the family.
I have a doubt suppose if we pay 5% of additional loan amount in the middle of any month without following 13th month additional payment?? Please confirm whether the loan would decrease??
Yes. Anything extra above EMI will reduce the outstanding loan amount.
We need to change tenure in this seniorio or we dont mind
Hello I paid prepayment but tenure is not changed but outstanding amount changed, any suggestions
That's OK. Every bank has their own way of managing loans
Hi sir ,naga rompa kutty oru vidu katanum single room vachu athuke 10lk agumnu soldranga.nega soldra Mari en husband ku sugar,heart attack vanthu iruku angiography paniruku .engalta amount Kaila onu Ila loan pota yeppdi podadum,safe a pay pananum,avanga job corpenter tha daily salary tha pls enaku clear'a guide panuga engaloda rompa nal asa
Sir, I'm 25
Starting to Invested in HDFC sampoorna nivesh Sip for 15 yrs,
I'm salaried
Is that sip suits for me?
That is not mutual fund. It is unit linked insurance
Thanks for the response sir,,
But it's also like SIP
And also insurance based
Many plans in sip. Which is best one
Pls WhatsApp to 9994266772
First 5 years kulla 5% additional ah kettunathaan kuraiyuma sir, loan vamkuna 5 years kalichi appati kettuna kuraiyuma
You can pay after 5years also. Then also it will reduce.
Sir naanka 15,00,000 loan vankunom 30 years tenure , monthly monthly emi amount increase aayikittea irukku, 😔
Ennaku aduthu en maamiyaaru ethana sale panna avangaluku urimai eruga en pillka anumathi illa ma
First change the property in your name. Then nothing to worry
very useful sir..
Thank you Dev
Sir nagalum floating thaa potu erukom but yangaluku years and emi amonut rendum increase aieruku naga epo 500 extra pay pandrom...bank la keta yatho faber policy potu erutha epudu agum nu soldra...nega konjam clear soluga
Pls sir tell me,which bank is best for home loans?
Choose Sbi or Hdfc. If you are unable to get, then check with Repco
Thanks for idea
Welcome
Tenure 10or 12years எடுத்தால் வட்டி குறைக்க முடியுமா சார் 50லட்சம் லோன் அமௌன்ட்
10 to 12 years is fine. Interest portion will be low
சார் 50லட்சம் லோன் எடுத்தால்10வருஷத்துக்கு 25லட்சம் அதிகம் கட்ட வேண்டி உள்ளது 25லட்சம் 15லட்சமாக குறைய வழி சொல்லுங்கள்
What is the interest rate?
Interest rate 8..4
Interest is low only. Don't worry about total interest. Pay EMI alone. And invest in mutual funds to get good growth
Hello sir..i have a doubt regarding loan repayment.. First, i have took housing loan and then a top up loan in sbi.. So if we are planning to pay the repayment should we pay the topup loan first??
Pay the loan with higher rate of interest
Top up is Morgatage loan so pay first and fast that one.
Sir.... One year emi pay panita..., for 15 l loan amt... Eppa na oru 4 lakh lan katta plan pani eruka... Edhu enaku benifita?????
Yes. If you have money, you can close
Sir prepayment 5 present. My emi now 27 month any use
Yes. Still you can pay 5% and reduce total interest and no of months
SirWithout reducing the tenure yearly part payment is better in this scenerio
You can do sir
❤
Sir I took loan recently in union bank of indian they gave me loan tenure as 360 months is it possible to change loan tenure 240 months before starting my first emi... Could please tell me sir
You have to check with the bank. Emi will go up in that case.
@@nivasexcites yes sir I am ready pay extra emi is it possible reduced it?
@@sugumarmurugesan8648 sir, depends on other factors which bank manager can only decide.
Sir oru 25 laks loan 15 years ku எடுத்த பிறகு...1 year ku apram 25 laks um pre payment panni close panna mudiuma apdi panna yevlo labam
Don't do that.. pay atleast for 10years. You can get tax benefit. And you can invest the amount in mutual funds for better returns. If the interest high and above 10% then you can close it soon.
@@nivasexcites sir I need urgent amount 25 laks..so that I plan to take loan..after one year i can arranged that money..so if I pay that full amount after 1 year..i can pay the 1 year interest only right or wrong sir..?