Loans jaldi repay kariye! | Pay off debt faster! | Ankur Warikoo Hindi
ฝัง
- เผยแพร่เมื่อ 16 ก.ค. 2021
- How to repay loans quickly?
How to reduce interest on loans?
How does prepayment of loans work?
Get the EMI Calculator at bit.ly/3XgHl4A
Get insurance advice from Ditto: bit.ly/3xFh7OU
In this video we will cover 3 things:
How does EMIs work?
When we pay EMI every month, how does it adjust towards the repayment of loans?
How is interest on loans calculated every month?
We will discuss how the accumulation of that interest works.
Finally, how can we reduce the duration of loans without adding any significant financial pressure or risks on ourselves!
As usual, we will discuss data-driven approaches through an excel sheet.
I would love for you to experiment with this approach to see how you can repay your loans strategically.
#loans #emi #warikoo
Click here to subscribe to my TH-cam channel: shorturl.at/bizNX
------------------------------------------------------------------------------------------------------------------
Ankur Warikoo is an entrepreneur, an angel investor, a mentor and an active public speaker.
For the past 4 years, Warikoo has been actively sharing content on TH-cam, LinkedIn, Instagram, Facebook and Twitter amassing a following of 1.8Mn+ people.
He posts 3 Hindi and English videos every week on his TH-cam channel, where he talks about entrepreneurship, how to grow in life, personal finance and failure.
Warikoo started his entrepreneurial journey in 2008. His most recent startup is nearbuy.com where he was the founder and CEO from 2015 until 2019.
Prior to that, Ankur started Groupon’s India business in 2011 and acted as the Country CEO from 2011-15, and Head of Groupon APAC from 2013-15.
An alumnus of the Indian School of Business, Ankur is an active Angel investor and mentor to several startups.
Ankur has been part of Fortune Magazine’s 40 under 40 List for India, LinkedIn India’s PowerProfiles List, LinkedIn India’s Spotlight List and India’s Top Executives under 40 list.
----------------------------------------------------------------------------------------------------------------------------
My bestselling books:
‘GET EPIC SHIT DONE’: ankurwarikoo.com/getepicshitdone
‘Do Epic Shit’: ankurwarikoo.com/doepicshit
My gear for shooting this video:
🎥 Sony a7III camera: bit.ly/3M42wAV
🎬 Sony FE 24-70 f2.8 Lens: bit.ly/3KCCiF0
🎙️ Shure SM7B Microphone: bit.ly/3O1NAVA
🔆 Fill Light 60W: bit.ly/37aJolP
💡 Key Light 150W: bit.ly/3O9nyjs
📽️ Benro IT15 Tripod for Sony a7III camera: bit.ly/3O4PvJ1
Useful links:
20 books for your 20s: bit.ly/WarikooBooks
20 online courses for your 20s: bit.ly/WarikooOnlineCourses
Gadgets that I use: bit.ly/WarikooGadgets
The above links are on Amazon.
If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L and in 2022 we contributed 53L.
Let’s connect online:
🎙️ My weekly podcast Woice with warikoo (Spotify): open.spotify.com/show/1g7wpoq...
📩 My weekly newsletter warikoo Wanderings: ankurwarikoo.com/newsletter/
📱 Instagram: / ankurwarikoo
🐦 Twitter: / warikoo
👨🏻💻 LinkedIn: / warikoo
😄 Facebook: / awarikoo
🖋️ Daily Blog: ankurwarikoo.com/blog/
Get the EMI Calculator Excel Sheet at bit.ly/warikooemicalculator
Download the sheet (clicking on top right corner) and then play around with the numbers.
Get insurance advice from Ditto: bit.ly/3xFh7OU
Thank You Sir
Thank you sir
I have a car loan with 7 percent simple interest for 15 year so what can i do pay loan Frist or investment in stock market parallel ??
It is view only
Ohh thanks finally I can play around with it
@@tarangmehra520 I am not able to change entry
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Angela Lynn Shilling is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Angela Lynn Shilling is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
It's a shame that this sort of stuff were never taught to us in schools. This video has been truly helpful sir. I hope this reaches maximum people! Thank you!
Problem teacher should get the idea of change, transform students.. again they hold principal and reg syllabus sad truth..
Schools teach shit bro
No in school in mathematics there is a complete chapter on compound and interest. Everything can't be taught by school .
@@piyushdogra6720 You can't teach a child to bowl or bat in cricket by just giving him a ball or a bat. You gotta tell him or show what to do with it and how.
Sure Teachers thought all this things during your school time but during that time u don’t have any experience of loan so ur not interested to listen. Please don’t blame teachers... tell your kids to take loan in 5th standard and tell them to pay emi sure they focus more to maths...
Schools really needs this kind of teachers❤
All Indian schools go t and private a seminar on money should be compulsory from 7th std..
Very very helpful using the excel sheet, I took a house just a before for 10 yrs and with the help of your excel sheet I have made a plan to close it by 7yrs, thanks a lot for such financial videos, keep it up.
Bhai har sal ek installment pay kaise krte ho mtlb khud pay krte ho online ja bank ja ke.
Me too trying to close my new loan of 12 years to 8 years so work hard
You can tell he cares more about the audience when he says to watch the video at 1.5x speed. It’ll hurt his analytics, but it shows that he really cares about the viewer the most.
Playing in speed affects analytics !!!???
@@adityams1659 yes because TH-cam pays for the watchtime playing at high speed reduces the watchtime
@@adityams1659 unfortunately, it lowers the watch time of the creator, so it can look bad to the algorithm when it seems like someone is watching less of the video.
It looks like it didn’t hurt this video though since we all still found it!
He doesn't earn thorough ads! His channel is not monetized
He earns through sponsored contents like Zerodha , IND Money, smallcase etc. Not through TH-cam Ads. This channel is not ad monetised.
"Yaad AA Rahi Hai Banks Ko Meri" was awesome and too true.............
I was in burden that i have loan tenure 15 yrs
So thank God i saw this vedio and really it made my day 😊
I'll try this process
Thank you sir
भाई आपने तो ऐसा समझाया कि एक नया जोश पैदा किया.. मै बहुत डर रहा था, but अभी कोई डर ही बचा नही.. Thank You Sir Jii ❤
This team mentioned below 👇 is the real for your investment program.
Check them out on google at BadKhencorpcom they the real deal
Check them out on google at BadKhencorpcom they the real deal
Check them out on google at BadKhencorpcom they the real deal
thank you so much for explaining the concept and sharing the calculator. I am taking a home loan shortly and will be doing prepayments for sure.
Thanks Ankur...I almost paid my 6 yr educational loan in just 2.3 yr with this strategy..😊
Big thanks to this team below for your consistent work in assisting my family out off debt and I believe they will keep on doing so
Check them out on google at Badkhencorpcom they the real deal
Check them out on google at Badkhencorpcom they the real deal
This for those who dont know if we spend 2500 extra EMI amount in SIP with 15prc roughly 25Year can give 81L.Then why woud you add EMI higher Every Year and Bank will not reduce your Priniciple ammount .Loan works in Deminished Model and Better Keep your EMI same and try to invest in SIP Every year with the amount explained in the video you will see the power of compounding with more savings(try to see the increse in income & increase in wallet size) and rather then closing your loan with no additional income .Try this out and correct me if I am wrong.Check
Been trying all this while to get back financially, till this name below came to my rescue.
Check them out on google at Badkhencorpcom they the real deal .
Check them out on google at Badkhencorpcom they the real deal .
Why I don't get this video 2 years!!!
This is really helpful!
Beautiful and simple explanation. But now I am 54 years old and lost a lot of money by not following these simple steps, just because of lack of knowledge. I hope youngsters uses it in their planning. Thank you Sir.
This team below ⬇️ ⬇️⬇️ of professionals are experts who loves to take on challenges and mostly working on providing quality services to their customers.
Check them out on google at Badkhencorpcom they the real deal
Check them out on google at BadKhencorpcom they the real deal
Check them out on google at BadKhencorpcom they the real deal
This for those who dont know if we spend 2500 extra EMI amount in SIP with 15prc roughly 25Year can give 81L.Then why woud you add EMI higher Every Year and Bank will not reduce your Priniciple ammount .Loan works in Deminished Model and Better Keep your EMI same and try to invest in SIP Every year with the amount explained in the video you will see the power of compounding with more savings(try to see the increse in income & increase in wallet size) and rather then closing your loan with no additional income .Try this out and correct me if I am wrong.Check
If being a millionaire retiree is your future forte, then keep a close eye on the stock market stakes and ensure that you invest in the right stocks that suit you.
It’s easy to double few dollars in the stock market
Investing in the stock market is the best option to make a passive income.
Virtually all the markets are crazy, most people pay more attention to the shiniest position on the graph, I’m keeping a diversified portfolio.
How possible is it to earn a thousand dollar per month on the stock market?
most stocks in my portfolio are underperforming and there’s too much volatility with key stocks. Which stocks would you recommend I buy?
you should probably seek guidance, I do have an Expert Vivian Klaine Morgan who does the heavy lifting for me, she makes research on stocks, and adds my portfolio with stocks for monthly and yearly earnings.
Thanks man... it was spot on informative and true!! you really made cry !! Thanks a tons !!!!
Excellent thankyou very much for your detailed video.
I’ll forever be grateful, to this team below for what they did getting me out of debt Thank you .
Check them out on google at Badkhencorpcom they the real deal
Check them out on google at BadKhencorp com they the real deal
Check them out on google at BadKhencorp com they the real deal
बहोत अच्छा सजेशन दिया आपने धन्यवाद
wow, what an easy way of explaining , thank you so much for enlightening us..
Fantastic concept Ankur! I am 53Yr. old now and hence, would like to repay as early as possible, so that I can start investing through Smallcase. By the grace of the almighty I was fortunate enough to subscribe and listen to your teaching sessions. I have also asked my children (21Yrs. & 15 Yrs.) to watch your sessions on Financial Planning. Me and my family has immensely benefited from your sessions. May the Lord Bless You.
Prantik Roy, Kolkata.
Keep your positive attitude alive, and never let the enthusiasm in you fade, this is your strength to make that money.keep thanks too this team ⬇️ .
Check them out on google at Badkhencorpcom they the real deal .
Check them out on google at Badkhencorpcom they the real deal .
This for those who dont know if we spend 2500 extra EMI amount in SIP with 15prc roughly 25Year can give 81L.Then why woud you add EMI higher Every Year and Bank will not reduce your Priniciple ammount .Loan works in Deminished Model and Better Keep your EMI same and try to invest in SIP Every year with the amount explained in the video you will see the power of compounding with more savings(try to see the increse in income & increase in wallet size) and rather then closing your loan with no additional income .Try this out and correct me if I am wrong.Check
outstanding simply super, missed in my last loan, now will work on my future loan....
Great to see this video... Plz share me this excel sheet. It has created a great positivity in me towards my home loan return. Thank you so much in advance sir. God bless you 🙏
Wow..right before applying for a home loan..I landed up here.
How amazing❣️
Wish you all the best 👍🏼
Thank you sir....maine 63lac ka loan liya hua hai and already paid 5yrs.....I will use this
Thank you, though was aware of this at the macro level, but this lecture gave me a clear blueprint for my way ahead. Grateful
I feel guilty getting this information without paying anything! You just helped me get rid off one of my long term goals which was to become debt free in another 12 years! As it seems now, I don't need to accumulate large sums of money to prepay my 25 years tenure loan in 10-12 years... Thanks for this!
Debt free need not be the best goal to have if you have taken it for a productive asset. The opportunity cost of your money is what you should consider. You might as well invest in small case now so that you get the max compounding factor. If you wait 12 years to start small case - you will lose compounding years.
This for those who dont know if we spend 2500 extra EMI amount in SIP with 15prc roughly 25Year can give 81L.Then why woud you add EMI higher Every Year and Bank will not reduce your Priniciple ammount .Loan works in Deminished Model and Better Keep your EMI same and try to invest in SIP Every year with the amount explained in the video you will see the power of compounding with more savings(try to see the increse in income & increase in wallet size) and rather then closing your loan with no additional income .Try this out and correct me if I am wrong.Check
Help someone with your expertise. Let this chain of helping others carry on. Cheers
Tysm Sir for your valuable knowledge, time and efforts. 🎉🎉 Specials thanks for excel sheet.
Thank you for showing this. This number game has really helped me understand what I could have saved years back. But it's never too late.
Banks to Ankur Sir :
Jor Jor se bolke sabko scheme bata de tu
🤣🤣
😂😂
Hahaha
Pls share excell sheet
@Clutch Galt win win for bank how. By getting their money back or something else?
@Clutch Galt naysayers will remain so.
This is math. And math is the truest language.
Sir mujhe ye Excel sheet chahiye bahut achha video laga sir thank you sir
You are a great person.
I love you sir
It is in video description
Thanks ankur. The one thing I like about your videos is you dont do any stupid sound effects and stuff and really explain in a good way, plus you have good oration skills.
This. This video opened my eyes. I have an ongoing auto loan and I never knew about these. My loan agent also never informed me of such terms. I cross-verified all these from the bank website and also with my loan agent. All of these are possible. And believe me, this will now help me so much to foreclose my loan sooner. Thank you sir!
Bro auto loan works differently, if you say to the bank that you wanna pay extra emi at the end of the year, they'll adjust it for next month, they'll not reduce the principal amt.
this is possible, I have done this already with SBI by closing loans in 24 month instead of 60, just check with the bank if they have interest free part payment facility.
@@mayank.saxena lucky you😇
I wanted to foreclose my auto loan, and that guy across counter told me I have to pay extra for closing it before hand.. 😣 I was like wtf.. I had the full amount, but why to pay extra for closing it before hand.
this is not any scheme which your agent needs to notify you, its a financial awareness which will help you in long run
Wow this is really on time THANK YOU FOR BEING YOU AND YOUR KNOWLEDGE 💕💕 your videos are perfect for motivation and ideas and we enjoy and learn so much from them.Thank to this professional Investment team below for your information and being helpful.
Check them out on google at Badkhencorpcom they the real deal .
Check them out on google at BadKhencorpcom they the real deal
Check them out on google at BadKhencorpcom they the real deal
Thank you for magnificent knowledge sir
very nicely explained and a big thanks to you for guieding us
I paid my 30 years loan in 8 years. When my salary increased, I paid additional amount yearly. Then I asked myself why to wait till year end and pay interest till then. So I asked my bank, can you deduct additional emi per month. They agreed and I paid 50 percent emi extra every month. I also took advantage of lower interest rate due to lockdown.
awesome
Hi, do i really need to communicate with the bank regarding prepayment or i can simply transfer the extra emi to my loan account without any communication?
@@adr5754 when you are paying extra amount - you need to choose the right option, don't prepay EMI that will not save you anything - choose the prepayment option.
Does it really work it?plz ans
@@irfanafatima9775 yes, works.
I never comment on videos, but man, what an insight! I am paying my home loan emis and was looking for ways to pay it off as soon as possible. This is like an eye opener and I will try to implement the strategy of paying one EMI every month. You rock
Hi bro, had a small doubt how to calculate "pay extra EMI per year" if I am in 2nd year of ongoing 5 years tenure
@@naimshaik7107 following
Jo dekhaya ja raha yellow mein uspe maat dekho... Open your eyes and see next figure at side
@@ayucareayurvedclinicandpan1847 means?
I want this excel sheet please
Wow! Amazing financial teaching. Thanks for sharing
Ankur, thank you. How I wish I'd come across your video a year ago.
Grateful!
The best video I’ve ever watched so far on, how to handle our debt payments. Shame on our education system. This is the perfect example that shows how lack of knowledge or basic understanding of finances can rip you off.
I hope every person who has debt payments would watch this video.
Hats off brother🙌🏻
I have been doing the same. Increasing emi by 5k every year. In 2017 my home loan was 25 years. Today in 2021, i have only 7 years left. Plan is to finish it off in 5 years. Its surprisingly easy, and completely doable.
Does your bank charges you any,for prepayment and increasing your emi by 5k every year??
@@praneethbudde9363 yes, processing charges. 2-3k.
Share excel sheet
@@praneethbudde9363 sbi will not charge you for that. (I am not employee, fan of SBI, I am just telling my experience and bank rule as of now)
But doesn't this hurt your credit score ?
Really an eye opener for ever . Thank you 👍
Warikoo ji maine ye video apka aj dekha hai kyuki maine abhi 6 mahine pehle hi home loan liya hai. Apko koti koti dhanyavaad karti hu ki apne itni acchi information hamare sath share ki
Mr. Warikoo, I have really learnt a lot about finance world from your videos, being a single mother I was little worried about my daughter's future and mine too. But you made it so logical and simple to do practically. You are actually doing a great job by spreading financial awareness in society which is actually required in todays world. SO THANK YOU !!!! More knowledge is always welcomed:)
Wow, wonderful knowledge 🙏
Nice
How can I take consultation sir ?
Help kr do Bhai mere pr 1lakh ka krja hai koi help krdo me use 1 year baad lota dunga plzzz helpp mujhe kuchh samjh nhi aa rha abhi help kr do Bhai plzzzzz🥺🥺
I did same for my education loan, I always tried to pay more amount than EMI. I almost saved 6 lacs+ in interest and cleared 10 yrs loan in 2.5 yrs.
What if bank does not agree on paying extra emi at the year end? How to convince them
@@hardikbari7552 i dont think bank can stop u from pre paying your loan. i think they would actually be happy that you are paying your loan as soon as possible
@@hardikbari7552 no one can stop you, i did the same, they have to consider it towards Principal Amount
You may only save the number of years but what you pay still will be near , if you deposited this prepaid amount to FD WON’T it double in 10 years ? In 20 years it will be 4 x ??? It all depend on interest rates, if you take personal loan then interest is higher so paying faster is important, but if the FD interest and bank loan interest is very near it may not make big difference
Thank you soo much Ankur sir!! Your emi calculator helped me take the decison of taking a loan for lesser tenure and with full understanding of how to pay it off quickly without putting too much pressure on our pocket!! Thank you soo much!!!!!
Thank u very much for such knowledgeable information. Hats off sir
Ankur, I can't express how helpful this is. I think about my massive home loan everyday and I just started paying advance EMI's but this made it crystal clear. The impact which just one extra EMI can make is immense. Every home buyer should watch this video. On a side note, i hope banks are not watching this as they would never want their consumers to know this secret. Sharing this with my community. Thanks a lot.
Yes. It's so helpful. Now I am gonna start the extra EMI every year
Hello pawan,
As you mentioned that you have already paid advanced EMI how much did it effected your loan amount . And doest it work same as explained in the video.?
@@TravelEverywhere25 It works exactly as mentioned in the video and the excel file shared. I regularly make advance payments on my loan. The effect on the load depends upon your loan size tenure and the rate of interest. You can use the excel file to calculate exaclty how much effect it will have on your loan. Its very helpful.
@NBFC LOAN DP NUMBER👈 Kitna dialoge, train khareedni hai Noida se Lucknow jaane ke liye!
Hi Pawan, just wanted to know if this 1-2 extra EMI will count as paying your principal? Or just extra EMI
Financial planning should be introduced as a mandatory in all courses of colleges (at least).
They won't :D beccause this will reveal secrets and people will become more smart
@@PrapullSharma Ek sal ke liye home loan Milta Hai Kya?
School , college masti karne ka vakt hota hai. Paisa kamane ki lat us vakt nahi hoti. So hume ye topics bhi us time boar lagenge. Kuch chije vakt hi sikhata hai aur vahi acha hai. School , college me kam log man lagake padhate hai. Aur in sari chijo ki value us vakt hame nahi hoti.
Yes sir after 55 no work money should come like 50/55 k and just keep calm
Rightly said
Excellent Brother, today only I was asking for disbursement but watching this video helped me a lot in planning for the future. Thanks, alot bro... May you get all the success you deserve.
Thank you for the superb suggestions to save interest
One key point to note here is that when you pay an amount towards your principal, your bank will reduce your monthly EMI amount by a certain value. They will tend to keep the tenure same.
So if you're paying something towards your principal, make sure you mention to the bank to *not* reduce your EMI amount, but to revise your tenure.
Great information, planning to buy new house could you please share the excel sheet
Thanks. But Can U Plz tell if Anybody has Applied this in Reality. And it has Worked..?? 🤔🤔
@@yogicooldude5958 it doesn't work in real life. check my comment and btw why don't you calculate what happens if you invest these 8000 in the market for 25 years?
I am very impressed with this information....thank you sir
Luv u sir for this amazing video.. I wish someone taught me this during my school/college years......
Wow!
For whatever reason, I saw this while showing it to my wife (who is crazy about topics like this), and deeply shocked and moved. I can surely say I don't have any financial literacy, and the worst part is, I believe I know this stuff.
This work of yours has touched me deeply. Thanks a lot for your love and sharing with everyone. Your karma counter has hit the jackpot, may you keep growing! Lots of love and gratitude.
Thank you sir providing such a excellent method
Great video .. thanks for clear understanding...
Hands down this was one of the most informative content i have seen in a while. Thank you mr warikoo.
Being successful don' t happen by magic Success is dependent on the action or steps you take to achieve it. Show me a man who doesn't have an investment and I will tell you how soon he'll go broke Investment is building a safe haven for the future: with the right choice of investment that has at least 1% minimum risk and with an Expert guidance, profit and interest should be 700 guaranteed.
NOBODY BECOMES A MILLIONAIRE OR BILLIONAIRE BY WORKING FOR OTHERS AND DEPENDING ON THEM, GOOD INVESTMENT BRINGS MILLIONS OF DOLLARS AND CONSISTENCY BRINGS BILLIONS. THE MARKET IS ALL ABOUT CRYPTO NOW YOU MIGHT WANT TO LOOK INTO IT
@@futurnekedesin9172 True, there is never any culture of wealth gathering or wealth creation to keep multiplying your finance that lack an investment value. This means, if you have to plan you must be an investor. that's why Investing in crypto stands to be the best
I'm New to Bitcoin and forex trading. Can someone guide me good way of trading
@@futurnekedesin9172 I realized that the secret to making a million is making better investment.
Christelle has greatly enhanced my earnings. It's been 4 years and she earned me my first million through consistent profits from trading. She earned me a trade profit in hundreds of thousand in my first 4 months. My portfolio looks solid than ever.
I watched it with 1x speed. And your idea is very very interesting. Nice explanation also
बहुत अच्छा जानकारी दिए सर जी
As social media recovery agent, it's a amazing to see how much value and different updates provides in a 10 min getting started. The research, the coding, the script programming and his experience to deliver all this smoothly with less take is truly amazing... I dream of the day I can hire a team to do those accessing for me as they focus on the script and delivery
Thanks a lot sir.
Very very helpful video.
thank you so much
it will be very very useful video for every1.
It feels like my big brother is teaching me valuable life lessons from his personal experience. Thank you so much. More power and love to you Bhai.. ❤️🤗
Your reaction for FD - “ I hope not” 😂. Says it all.
Thanks sir, ,you given most imp.information
Thank u sir for guidance and i m gonna work on this from today 🙌🏻❤😊
I did this for my first Home loan..and I was able to repay the same in 8 years instead of original tenure of 20 yrs...
Currently doing it for my current home loan bt due to current scenario not able to increase EMI 😭..but I hope from in coming months I can
Does this apply for education loans as well?
@@samrudhik8757 Yes. I do the same for my edu loan
Alright. Instead of paying the 13th installment as the EMI amount, can we pay a higher amount? Just don't want to waste a lot of money on interest.
@@samrudhik8757 Yes. Either u can tell bnk to increase emi amt or u can write cheque or transfer to loan account.
Can someone plz help me how can I pay that extra EMI? Like what I have to tell bank.
Mentos is nothing....
Ankur sir jalate h dimag ki batti ❤️💡💡💡💡
Excellent explanation.
Thanks
Eyeopener video... being a home owner is not the sign of a good investor until you have considered this calculation. Thank you for sharing your insights.
Brilliantly explained. You are doing a fabulous job to give us an insight of wealth creation.
Today, I suddenly came across one of your videos, and I must say, I am now glued to this channel. There are so many good pieces of advice available. People like me, who can earn a lot, no matter how much I earn, but end up spending more, would definitely need to check your videos. I am going to follow you now. Thank you so much for such valuable advice.
थैंक्स for this useful video
Thanks for giving this excellent topic to us
Being a starter in Loan, this is what I was looking for!!!! And your excel sheet is worth having. Thanks for the nice work!!!! Really helps
Bro.. i didn't know why i stumbled upon this video, but you did a fantastic job in helping me understand the need to pay extra EMI in the early stages. Gives strength to my commitment to clear the loan early. Thank you bro. People like you are really needed to help us save hard earned money which is going to banks and thru them to willful defaulters. Pls do share the excel sheet too.
Really going to be helpful sir I had already done it in case of my car loan after watching your video
Great and meaningful content. The awareness and financial sense you are spreading through your videos is commendable.
My father taught me these concepts; however, I got the impact of it today. I have seen your video for the first time and I am surely going to subscribe to your channel. Great stuff, so easily explained. Loved the layman's terminologies you used. Cheers!
This is the power of wisdom when you get it from a right person. Thanks Sir you are making the difference. Keep going.
Thank you so much sir for the valuable information you shared with us
This what Every loan taker need to know which was not told in any bank even in our Education also
Although I am 31 now and i have been following your videos for few days only , but I feel empowered with the knowledge and wisdom theough your videos to generate enough wealth with proper planning and with excel(of course) 😊 Thanks a ton.
Thank you so much for making this video. I didn't knew this even though the concept was so simple.
Million times thanks brother for your kind information ❤😍
Well Said Sir... Thank you for guiding us...
Is pre-closure better option ..?, can you make a video on it
Hoping to see it soon, hit a like if anyone else is interested
We want this exel sheet...💯
It's in description
@@PriyankaSoni2014 it's don't access to edit. how to fix it?
@@mahendrakumar9385 create a copy for yourself and use it
+1
Eye opener, thank you for educating Bharat ❤🎉🙏🏼
Thank you Sir, Really helpful information. Keep doing good work. God bless.
I am sooooo Thankful to you for this. My Home Loan has Started and i have already planned to pay 4-6 extra EMI's every year (your video definitely Validates my plan towards repaying my Loan asap), 20 year loan, wish to repay in 8 years). in addition to this Incrementing by 5% also makes a difference. Thanks Soo Much.
Does bank add prepayment penalty when we do it? .
Also can you share the process of doing it
Do we have to talk to the bank or if i just pay the extra will it automatically adjust according to the video
@@lakshmansai3302 check with the bank before, for my bank they are not charging any penalty for me! I will just add Money to my loan account. However i will check with them before paying lumpsum! Hope this helps!
@@sTOPzTARINGAlright They should ideally adjust, however, I would check with them before making first extra payment. Hope this helps! Thanks.
This is Indeed EPIC. I am gonna do this for the my home loan too.
your explanation was really awesome and easy to understand even children can understand very easily.
Thank you for your video it's really helpful to us 🙏🙏