Home loan prepayment hack
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- čas přidán 27. 08. 2024
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Loan amount =₹35 Lakhs
Interest rate=8%
Loan tenure=25 years
Final Interest after paying 12EMI/year =
₹46,04,070
If you paid, then Final Interest would be 13EMI/year =₹ 34,81,814
So by paying 13 emi's per year instead of 12, you are saving 4604070-3481814= ₹ 11,22,256
Out of the ₹27014 that you pay every month, ₹23,333 is paid towards towards the interest which then keeps decreasing to ₹23,309 in the 2nd month upto ₹0 in the 25th year
If you paid that additional emi every month, then amount paid towards interest becomes ₹0 in the 15th year itself.
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This guy is talented.... Many ppl copy finance with Sharan... Not that much clear on info thy shared but he is clear and confident on wht he say✌🙌👍
Super bro very very useful msg
முட்டாள்தனமா ஹௌசிங் லோன் பத்தி நிறையபேர் வீடியோ போடுறாங்க... அதுல இதுவும் ஒன்னு... 25 வருஷம் முன்னாடி 35 லட்சம் சொத்து வாங்கிருந்தா இப்போ கொரஞ்சது 3.5 கோடி இருக்கும். அத calculate பண்ணவே மாட்டாங்க...
Yet he is still not that much rich 🗿🌚🌚
@@narutofanyt7337money doesn't require to be talented 🤦🏻♂️
நண்பர்களே.....முடிஞ்ச வரைக்கும் கடன் வாங்கறத குறைச்சுக்கோங்க......ஒரு அவசரம்.....மருத்துவ செலவு நா வாங்குங்கள். வீடு கட்டணும் நகை வாங்கணும் னா. சேர்த்து வச்சு கட்டுங்கள். ஒரு 3,4 வருஷம் வாடகை வீட்டுல இருந்தா ஒண்ணும் குறைஞ்சுடாது🙏
Idha Ella wives kum solllunga bro
@@Nidheesh999ify😂😂😂
Athukulla veedoda vila yengayo poeirum bro..
@@spplittletwinsstars சகோ.....நீங்க சொல்றது சரி தான்....அதுக்கு பேரு பணமதிப்பு குறைதல்.....அதுல நமக்கு எந்த பாதிப்பும் இருக்காது.உதாரணத்துக்கு நான் 7 வயது இருக்குறப்போ ஒரு பவுன் 6000 கு வாங்குனோம்.அப்போ ஒரு நாள் கூலி 45 ரூவா.இப்போ ஒரு பவுன் 45 000 கு மேல.... ஒரு நாள் கூலி 500 ரூவா....ரெண்டுக்கும் உள்ள கூலி நாட்களை compare பண்ணி பாருங்க
Nala news solringa bro....
channel develop aganum.😊
Vazthiyatharku, Romba nanri, sister 🤩🙌
Inga pathi per kadan vangi veedu katrathu marriage panrathukuku tha...veedu illana ponnu thara mataranga.... First education loan....apram marriage selavu...apram kolantainga selavu...apram appa amma medical expenses ....apram retairement savings...life total gaali...no enjoyment....intha gap la apo apo sarakadicha pondatinga namba la tuki pottu adikralunga😢😢😢😢
Any finance or bank not allow to pay 1 EMI amount for principal deduction. Min 3 emi or 50k which ever is lower to make loan part payment..
Needful short. Thank you for letting us know.
Mini version of Anand srinivasan. All your videos are really useful. All the very best brother
What he is saying is correct. Initially banks were not allowing to do minimun payment as part payment. Now they don't have such rules. But usually it's good to combine 2 emi's atleast in a year to prepay the amount
No 👎 we have solutions read carefully the loan agreement and sanction letter.
Idha pathi innum konjam detail ah slunga bro
Long form video potudre, Subash🙌
Yes bro really need that explanation
@@aravindkaasu thambi endha bank da 13 emi ah katta uduraan.. thelivaa sollu shorts kaaga adichu udaatha..
@@tylerdurden12canara bank allows
வருடத்தில் 24000 ,etf ல போட்டு இருத 25 வருடத்தில் 19,00,000 வருமானம். இதுதானே நண்பா லாபம்
Actually its vey true... Even i realised this after long time... Thanks Aravind..
Am working in banking sector..it's really true bro..
Antha extra emi ypti pay pantrathu
Extra 2 or 3 emi kattalama bro
Bro antha mari ethana EMI oru varusathuku Katta mudiyum
@@ananthsubramaniam9285as many as you want. But check with bank on prepayment penalty
Ethana emi vena Katalam or part payment ah oru amount katunga
உங்க videos மிகவும் usefull aa irruku thambi
Nanri, Anna
Give details on how to pay that extra one month
Loan agreement 🤝 la sanction letter charges terms and conditions irukum atha nalla engineering or banking therinja friends kitta kuduthu padikka sollunga. 1 year la 25 % varaikum asal (principle) kattalam. Without charge. So please read carefully your loan agreement and sanction letter. You can close the your loan in 4 year. It will benefit more than this video information.
Useful thambi ... Thank you
Hey bro, appudiye entha tax savings schemes la ethu elm best nu oru video podunga. I know new tax regime came with 7 lakhs limit. But i think old is much better. If possible pls do a video about it
Thambi Konjam normal ah peasi Vedio podupa Yn pa Ipd aaditey podra pAakka mudiyella but content Nalla eruku
Nalla than iruku video😂...
இத எந்த bank காரனும் சொன்னது இல்ல bro ...nice explanation but oru brief video போடுங்க bro
Edha avangata keta nanga sollama irrukuradhu nala dha bank ae run agudhunu solluvanga😅
It's a totally wrong statement, Pay emi as low as possible.. so that you can invest where u can get more than 8percent
In the span of 25 years, 46 lakhs is literally nothing, Please gain some knowledge before you preach others. Consider the inflation. If I'm not wrong at the end of 25 years the 46 extra lakhs would be valued around 10.5 lakhs plus your getting tax benefits from it. Please do correct me if I'm wrong
Bro ennaku oru help lic ippadi eppadi katta mudiyum please help pannuga
andha extra one emi amount endha month la katradhu?
Manual ah application or bank la poi katanum. Example 12th month 2 emi katanum.
Is that posible to pay on that way?
it is not possible in online...
Not sure about offline...
@@a.imranrahaman550 it is possible both online and offline depending on the bank.
@@a.imranrahaman550 if you're going for idfc, bajaj and few reputed online loan application banks you can pay manually.
You can pay your actual per month EMI (50k) like a part payment at the beginning or split your actual EMI / 12 ( 50000.
/12 = 4166) and pay 4166 every month before ECS triggered
Correct me if I am wrong.
If you split it will be used for mostly interest and few for principle. If you do full part payment it will be 100% reduced in principle. But following both methods will be beneficial too
Idea la nala iruku..bank policy understand panikitu content podunga.. most banks charge extra charges for any part payments
Useful video bro 👌
Bro idhula innoru vishyam... intrest rate changes... Intrest rate float la tharuvanga certain period la marum...nama palaya intrest nu nenachi pay panna adhu pudhu intrest rate ku calculate panni vadiku kutty kuttyku kutty nu ethi vitruchu
Ama, Vaishnav. Nama Bank la poi inform panna dan REPO rate reduce pana aprm namakum panuvanga
12 EMI பதில் 13 EMI கட்டுவது எப்படி விளக்கம் தரவும்
One month ku 30 to 31 days Max ana neenga emi 28days plan eduthinga na 13 months calculation varum so 13 emi
Itha yapdi change panrathu nu sathu sollugka
Bro is this only apply for home loan or can i try this in my education loan?
Hey guy naa onnu sollata
Naa 11th la kooda pure science tha edutha enaku maths la varathu
Neenga etho solringa nu theriyuthu aana enna soldringanu enaku purila guy.
Knjm slow a sollunga onumey purila... Total a ivaru evlo panam kattiturukaru
Informative, thanks bro
Thank you, Mahesh😍
Good job brother. RML loan pathi konjam sollunga. My parents applied RML and not clear about interest and all
Mudicha varai loan vangathinga nanba...pinnadi veedu sales pannitha loan settlement panna mudiyuma
MS Education loan க்கு இப்படி ஏதாவது இருக்கா தம்பி
Good you are improving well
Two emi pay pannalama....!?
Yes, Suga
intha calculation enaku Puriyala.. extra 1 means athu epti pannaum? 1 yr la 12 month's thana.. apram epti 13 EMI katta mutium
Bro...ur info is very use full....u speak tamil...
So change ur subtitles to English ..so other than tamil ppl will understand....
Hi senthivel, Thank you for your feedback. All of recent videos comes with English subtitles(>25 as of now). You can check out the recent videos, Gopal.
Hi.. Can I pay 2 emi extra per year..? If yes, how much difference in the interest reduction
Worth info. Neraya per ku teriyathu idhu!
hi sir. ,very informative thanksss,,
na ippo 10000 kattitu iruken enral next Month na 20000 k or above kattalama ? and from my first instalment la irundhu kattalama ?
bro normal emi paka tha tools iruku antha extra oru emi potu check panra mari oru tool sollunga
🎉வருசத்துல எக்ஸ்ட்ரா ஒன்னு எப்படி
Vera level bro . 🙏
Bro car emi indha mathiri pannalama.., illa only home loan mattum dha na
Y bro ippo andha 13th EMI ah bank la principal la minus pannuvanga nu enna nichayam.... RBI rules la iruka indha maari xtra EMI ah principal amount la dhan less pannanum nu😥
As a Home Loan executive, 1 EMI xtra katrathuku, part Payment pannitu poidlm eh, every month once pay panlm - katra amount principle la reduce avum
ellam okay... Ithu fixed interest and floating interest rendukum set aguma???
1 oru emi eppudi extra katradunu evanu solla mattan..... 😢
Per year ku epoyachum ore tym la 2 emi amount ayum serthu pay pananum
Bank la poi katanum home loan department la kelunga extra emi katanum adha next month emi ku adjust panidathinga nu Solanum ilana next month emi eduka matanga
Sanction letter ah bank la iruthu vangittu atha back up ah vachi part payment 25% varai pay seiyalam. Without any charge. Contact bank person nicely they will help .after 🙂 understanding your situation they all also a humans 😊.
Bro appadiye finance with saran ah copy panrengaley brooo 😂😂👍👍👍👍👍👍
Entha bank 1emi extra pay pana vaakuraga? Fixed intrest ku 3yr no part payment soluraga. Summa ellarum ethachum video podathiga
Bro already personal erutha.. Thirumba vanga mudiuma loan?? Pls solluga bro
yaru pa nee yanga irruntha evalo nalaa .keep doing surely u will achieve
🤩 Thanks a lot for your blessings, Sherif anna🙌
How to pay the extra month we can pay kindly tell the producer
Bro home loan ah flexible ah pay panna mudiyum ah for example my emi amount 10000. First month 10k next month 20k next month 15k appadi nu enkitta irukura amount ah monthly pay panna mudiyum ah
Vera level bro
Bro I can't understand, how to pay 13 dues in 1 year clear my doubt
Partpayment, Muthu
Thanks thambi
Most of banks have a check for this to do prepayment you need to pay 3 times of emi amount
Antha extra emi ah epadi da katrathu.. therinchavan evanathu solungalaen da... Mudiyalada sami...😢😢😢
Bro emi+ some amount pay for every month. Intha mathiri panna mudiuma apdi panna athum asal la dan less aguma??
But in hdfc bank we have to pay minimum 3 month emi if we want to pay extra emi ......we cant pay one month emi extra 😭
How to pay extra emi one upload pannu brother
Bro na bajai finance la 168000 personal loan eduthuda bro ippo variyem na 7 emi kattita monthly 7120 Katra ippo na epdi na bajai la irunthu epdi na veliya varathu konjam solluga brother
Can you help me to close my car loan
I will make payment if you can help
Narambu thalarchiku dr. selvar anugavum.
Is this method applicable for car loan?
😭😭enaku yaen onumae purila neenga solradhu
Kadan vaangunga puriyum
@@levihtkasv adhum correct dhan bro
இந்த முறையை பர்சனல் லோனுக்கும் பயன்படுத்தலாமா
Hi Aravind,
Is this applicable for PL?
Ipo oru oru months um emi amount vida adhigam katalama? Apdi katunalum principal amount koraiyumla
No one is asking how to earn for that extra EMI
Anna please konjam seekram reply pannuga
Epdi home loan 3 months kattama skip pannalam again tirumba continue pannikalam
Downpaymey katuravangaluku epdi bro calculate panuvinga
Super bro
hi i am a sri lankan. yeah our country is in crisis. but we all are safe here. because our country doesnt have any of critical rules like this. in our country we also so have strict rules to follow. but any of that rules will never harm people like this. on my point of view if i have a change to like in any other country in the world i will never choose INDIA as a place to live. absolutely INDIA is beautiful. you have so many of resources. BUT poorly you dont have a good goverment. so i will never come to your coubtry as a toutist also.....😢
If a bank or finance company do not allow us to pay extra 1 emi, then is there any other option to convince them for this?
But nowadays it's fixed interest
Always don't go above 10 - 15 yrs for home loans, if you cant afford this and still can't have comfortable life dont buy
Agreed! As the interest'd be higher than the Principal🙌
Neenga soldrathu k ga but private bank la neenga soldra mari extra pay panna vida maatanga
Bro oru hlp
Na bike loan finance la vaanguna
Ipo loan finance mudinche
NOC Ketta ipo thara apo tharannu ketathatta oru varshama ezhkadikerannunga broo ena pantradhu adhu yadhavadhu vazh irukka
அது எப்படி கட்டமுடியும்..?
Home loan mudichathuku apram enna process nu sollunga modt cancel panrathu yar pannau bank side ah
Bro, one year ku evlo emi extra ah pay panlam
Bro pls explain in detail it will be very useful to all mid class ppl.
Sure, bro
It is applicable for home loan only ah?
Ithu bike loan kum same dhaana bro
Bro unga Modiletion mattum konjam kammi pannikaga bro
Housing loan 1,50,000 deduction claim panlam la ji which proof I need to submit in tax portal for deduction under 80c?
Emi extra 2 time kattuna innum koraiyumaa
13 tha kattanuma illa athium melayum kattalama
Bro itha patthi full explanation pottunga bro
Sriram loan la extra pay panna mudiyuma
Is it the same logic for car loan bro?
Bro.. scheduled emi la epdi emi pay panrathu... payment month la tha update aaguthu..how to shortly this
ji enoda part amount romba low ah pidikuraga na ena panna, first 2 month matum tha corrct ah pidichaga..
But it will consider as part payment dhana? part payment some % charges erukum la.
Bro please tell how to pay extra 1 emi per month.
Go the banker and tell them you have to pay part payment and reduce the interest by choosing reduce tenure option instead of reducing emi value
Education loan na la cibil la problem ena pantrathu
Bro reply fast my house loan tenure also 25years but this month's of March going to end 1year so I am going to pay 14months emi i means 2emi extra now i am going to pay extra 2emi before ended 1year? Using cheque leaf for 2months emi give together single cheque? Shall I tell to them i want to reduce only asal only not in interest they can do as I said please tell fast please comment in chat box clearly as I said everything
Varuda end 5emi extra kattinal