How I Paid My 20 Years Home Loan in Just 5.5 Years | Full Calculation
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How I Paid My 20 Years Home Loan in Just 5.5 Years | Full Calculation
#investing #investment #mutualfunds #wealthguruji
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home loan ko jaldi khatm karke faayda nahin hai.. balki aap home loan repayment ke jagah par 20 saal ke liye small cap fund mein invest kar dena chaiyen jitna aapka intrest home loan par lagega uske double or triple times 20 years mein mutual fund aako de dega or sallary person ko incone tax mein bhi benefit milega
Uske liye bhi to paise bachna chahiye Sir saara Paisa to emi mein chla jata hai
Crrect bhaai...@@kamalrathaure4768
But sir soon ne mai to acha lag raha hai
Sirji 20 sak k bad paise ki value bhi down ho jayegi, double ya triple milenge lekin value down hogi and 60 to 70 lac ki loan ke emi pe savings nahi ho pata nd interest bhi bahot de chuka hu 2 loan me..better to part payment and invest small amount in stocks not in mutual fund...
What about LTCG tax on mutual fund investment? Currently it's 12.5%. Noone can tell if government gradually will make it 30% or not in 20 years from now.
Amazing calculation & video.. Thamks for information
हाउसिंग होम लोन लिया था 15 लख रुपए का 20 साल के लिए और वह ऑनलाइन दिख रहा है 298 किस्त दिख रहा है जो भरनी है तो उसके लिए क्या करना चाहिए
Thanks for sharing very valuable information. 🙏
I think agar aapka 20 lakh ka loan liya hai or 20 saal mein aapko intrest jodkar 40 lakh repayment karna hai then usko 20 saal chalne dena chaiyen aap iski bharpaayee ke liye alsg se 4000 per month ki sip chaliye or 20 year mein 12% ke hisaab se aapko lagbhag 9.6 lakh invest karne par 40 lakh milenge jisme se 30 lakh ke lagbhag aapko profit hai jabki home loan mein aapko intrest 20 lakh dena hai phir bhi aap 10 lakh profit mein rahoge and up to 20 year aap har saal minimum 20k ke lagbhag tax mein bhi save karoge... isiliye paise hote hue bhi loan ko khatm karne mein benefit nahin hai...
Mera 22 lac loan hn abhi 8 saal hue 21000 emi hn principal amount sirf 2.5 lac kam hui hn.. suzav de kya karu aage
mene aapko bataya hai uper commnt mein...Phir bhi aap jaldi khatm karna chahte ho then har saal15-20% ki emi badwakar bhi aap apna Loan khatm kar sakte ho... but ye tareeka bhi mere uper waale commnt se kam beneficial rahega
Excellent and informative video 🎉🎉🎉
Yes thanks this useful information sir ......... 👍 ..... but mujhe lagtaa hai aap ek baat apne example formula mai show nahi ker paa rahey plz. Sir every year rate of interest % 0.05% -0.10% increase he hotaa hai maine bhi home 🏡 loan letey time mota mota calculate kiya ta but meri calculation fail ho gayi ye sach hai ki aap year mai 1 emi extra deposit kertey hai to ye every year ke middle month mai ; ya every year mai last month; ya starting year of month mai Regular month emi ke saath extra emi amount deposit kerna sahi hoga ?
Sir bahut acche se btaya....god bless you keep it up
Thanks for this information and congratulations to you for closing your loan so fast. However, for general public it is not practical to save 10-12 times the amount of emi every year. I feel 7-10 yrs is a good time to close the loan considering income growth etc.
Very nice sir ..thnk you...we will definately use this things ...
Bahut hi acchi tip batai hai aapne. Good for youngsters plan their home loans in advance.
मैं आपका वीडियो दिखा. इसके कैलकुलेटर में जरूर कोई झोल है. मैं 30 लाख का लोन लिया हुआ है. 18 yrs के लिए. LnT se. मैं 2 लाख से ज्यादा भरा है pre पेमेंट. पर मेरा एमी का tenure आधा नहीं हुआ. Sirf 20 mahine kum hue.
क्या आप अपनी सीट का कैलकुलेटर कैलकुलेशन again करेंगे क्या??
In case I have taken homeloan for under construction property and pay total emi while interest deducted as per disbursement until possession 2 years away. How do I best handle that loan ? Pls show with calculations.
Very nice information sir
5 lac loan liya hai
10 lac bharna hai
10 years
18% intest rate
Agar maine 1 lach 1 saal maine bhare toh wo 10 lac maine se kam honge ki 5 lach maine se
5 lakh se
Prepayment principal Kam karta hai
@@ashishnakur aur uspe likha hai ki apko 4% extra Dena padenga +18% GST toh mine agar 1 lac bharta hu toh mujhe aur kine extra Dena padenga principal 5lach samjh lo
Bahut sahi sir ji mera bhi same plan hai home loan ke upar me bhi matual fund me save kar raha hu 2 fund chal raha hai 1000-1000 or isko par annual 10% se increase karunga
don't forget to calculate inflation for long term SIPs
मेरा साठ लाख का होम लोन साढे नो प्रतिशत की ब्याज दर पर चल रहा है! ये सन दो हजार बीस से चल रहा है!इसकी किस्त पैंतालीस हजार रुपए प्रति माह की किस्त आ रही है!मै इसे पाच या सात सालो मे मे किस तरह चुकाने की प्लानिंग कर सकता हू,मार्गदर्शन प्रदान कीजिए
Very Informative Source...Thanks sir💯
check the power of compounding my friend. this video is misleading 😄
What's the difference between increasing the home loan EMI amount by 5000/- v/s pre-paying home loan with 5000/- every month? What is more beneficial?
Increasing EMI will bound you to pay every month without fail. But it is more preferable. In prepayment, you can skip as per your financial need.
That's the only difference.
@@WealthGuruji- Okay. Isn't there another different - 5000/- EMI increase will still be paid as Principal + Interest amount every month. Whereas 5000/- monthyl prepayment amount would directly deduct my Loan Principal, making it more effective.
You are bound to pay if you raise emi.
Very good information sir.thanks as nobody teaches like you even the bank
Great bhai, good information.
Thank You for the information.
Sir Maine bhi 30 lakh home loan liya h 20 years k liye
Mera 24k EMIi bana h..mujhe is calculation se 62 lakhs bank ko pay karne h..
Loan ke against Maine small cap fund me 5000 ki SIP ki h..
20% ke return ki calculation karun to Mera SIP amount after 20 years more than 1.5 crore ho rhi h
20% return expect krna kuch jyada expect nhi krre???
Bahot badhiya.. first comment
Aap logo ko galat disha de rahe hai nere hisab se aap to intrest 12 mahine me yadi 22000 de rahe hai to 17 hajar to intrest lag jaayga usse accha aap apna tenor kam karke jo intrest me jaa rha hai o principal me chale jaayga or sath hi part payment bhi karte hai jisse loan jaldi hi khatam ho jaaygi
2nd. Qus. Ki mere bank waale ne bolaa hai ki main year mai only 4 time he extra payment deposit ker sakta hu NORMAL EMI ke baad jo bhi extra amount aur usmey bhi ek condition hai ki aap loan amount ya balance loan amount ka 1 time mai only 80% amount he Deposit ker sakte hai
Great idea bro I will follow same now . Thanks for great idea to save my hard earned money in loan interest.
Great 👍
Did you take home loan on floating rate of interest or fixed rate of interest
Interest rate her bar badh jata hai to tenor bhi bad jata hai isliye homeloan is a trap ager homeloan jaldi khatam kerna hai to zyada extra principal amt pay kerni padegi
Very informative video with good solutions
Thanks a lot for informative video
Best Video I saw on home loan closing
Bhi aap knowledge to acchi de rshe hae...per ye video ke back me music kyo dala hua hae .. isse irritation hoti hae
Thanks for feedback, Mene abb naye videos me isse bandh kar Diya he.
everything depend on individual personal income and family obligation & liability
Nice video and very nice explanation 🎉🎉
Nice and very informative video.
Finaly sir great hats of u
Good information sir 👍👍
Mutual fund sahi hai bro
Sip me bahut power hai bhai
Good.
Excellent sir❤❤❤
Misleading
Aapke options unrealistic hai.
SIP wale option me bhi flaw hai. 20 years wait kyu Kare. Issue acha 14 years 2 months me khatam karke 9.5 lakhs bacha sakte.
2 extra EMI wale options sahi hain.
Exactly 17 pc wala option loan free is absolutely rubbish, that amount is over and above your emi.. Even if you earning that interest in SIP, but still you are losing interest to bank,....
Emi utna hi lo jiska double tum pay kar sako kabhi aafat me uska 30 % ka sip kardo ache funds me aur yearly pay karte jao usko
bhai 20 saal baad jo SIP se earning hui hai uspr tax kitna lagega ? Govt ko kitna dena hoga ?
Mera personal loan balance hai 3 lakh 20 hajar aur mere paas abhi 4 lakh hai, maine uske shares liye hai. Kya personal loan close karu ya share ko buy sell karke profit karu, please reply
Very afermative video thanks
Thanku sir.aapane to Mera adhar prolm solve kar diya.
1 lak me bhai 10 emi hi cut krte hai ..10 sal kaam nhi hota...aur 5.50 sal me nhi 8 sal me loan khatam hoti hai
PNB housing finance me home loan me ek extra EMI nhi lete. Ye 5 EMI maang rhe hai. Jab 5 EMI denge tab ye principal me judega. 1 EMI nhi
Bhai mujhe please kuch achcha sa plan bataiye jisse mera loan khatam ho jaye.
Loan granted: On July 2016
EMI/Month: 11894
Loan tenure: 20 years
Principal: 9 lakh
Thanks usefull information
What about tax saving from housing loan
Can you help to clarify at what time of a month it is better to prepay the amount? I was told that some simple interest is calculated, so better to pay the amount on 1st of every month rather than end of month
Bhai same question Mera b yhi h ans mile to btana
@ankitrao6159 bhai I asked same question in another video and another person confirmed that uska bhi same situation hai. Simple interest is charged on the amount from 1st till the day of month you make prepayment. So for example you have 8.4% home loan interest and you wish to prepay 400,000 on 01-Jan-2024, then you need to pay {400000 X [(8.4/12)/31]} = 93 rupees extra per day. Hope this clarifies
In LIC housing , after 1st 6 months of your emi payment you can anytime pay extra amount
@jyotsnaswarnakar8345 yes but can you confirm if they charge some additional amount if you pay on let's say 10th of the month... just specifically ask this question to your home loan manager and let me know please
Hi
Very informative
Agar aap mujhey 5 saal pehley mile hote toh aaj mera bhe home loan over ho jaata.
Kis SIP main paisey lagaye
Please tell
दोस्त
1. ये extra emi उसी EMI date मे डालनी हे या कभी भी कोई भी तारीख को डाल सकते हे ?
2. क्या prepayment का ऑप्शन सभी बैंक मे होता हे ?
3. क्या prepayment भी कभी डाल सकते हे ?
4. क्या ये प्रीपैमन्ट ऑप्शन सिर्फ home लोन मे ही लागू होता हे , business या पर्सनल लोन मे लागू होता हे ?
Bhai you rock ....
Not agreed with the part foreclosure concept. Only the principal amount gets reduced to that extent not the interest.
Thank you for information
Sir Maine CZcams pr km se km 100 videos dekha, but apka idea super duper hit h, same to same Mai aysa hi search kr rha tha, 25lakh loan Lena h mujhe bhi, please mujhe ye btayye k kya apne 25lakh loan 20saal k leye leya tha?, or 2, 2.5lakh rupees year k starting mnth me extra dalna h ya kisi bhi mnth me?, dusri baat jis mnth me bhi 2, 2.5 lakh dalna h ye ek hi mnth me completely 2, 2.5lakh dalna h ya alag alag mnth me? Please reply krye apki waja se Meri bohot help ho jayegi, 😊🙏🙏
Very good information sir,
Tax on sip returns not calculated. Impractical solutions. Sab theory hai
Grow m sip m invest karne ka fayda kya hai usme toh sip mature hoti hai month by month. pura amount thodi mature ho rha. Joh one time invest karte h grow unke liye thik h
Mera 16.5 saal ka home loan hai... 23,500 EMI har mahine pay karne par rahe hai. Kaise kum karein?
Super teaching 👌
Prepayment bharne k baad EMI 20 saal ka home loan ke saal kam karna fayda hai ya EMI kam marwana fayda hai. Please suggest
Your good information
Please help me with one question. I'm kinda stuck. Getting no answers. It's about PMAY. I bought this house back in March-April 2022, at that time I didn't receive this subsidy as the loan provider informed me that it is discontinued. Now I've seen some notification that PMAY is extended. I contacted my loan provider and still they're saying that it is discontinued. Is it really discontinued? My loan provider is Tata capital Housing Finance Ltd.
Another question, I live in Delhi NCR, and when I was scouting for a house, I actually figured that majority of the locations where I can actually afford a house doesn't really have an MCD approved Map. (kacchi colonies) and the locations where there is a legit map for the house are freaking expensive. So, even after having a great Credit score of more than 800, I couldn't get any loan from the banks ( HDFC, SBI). So, apparently I had to eye towards NBFCs which are apparently more expensive than the banks.
Is my understanding true?
Lower interest rates are just for people who can afford a house in a good location and can buy expensive houses. Pretty strange to me.
Sir ager extra payment principal me deposit karen to ky effect padega EMI me.
Kiyun ki principal kam hota jayega to tenure, aur interest bhi kam pay karna padega pls reply me
Tumne 12 emi extra bhare hai per year (22,000x12 = 2.64 lakh). Agar itna extra paise hote toh suru me hi emi jyada ka karwa lete, 20 yr ka tenure hi nahi hota. 😂
सर , advance payment मार्च end मे करने से ही benefit मिलेगा या कभी भी कर सकते हैं ?
Never close your home significantly before time as money rupee loosses its value you’re mostly paying interest in first part of loan and you end up paying hogher intrest per year basis for example if you’re emi today is 20000 today and 20000 at 15th year would be friction of your total income wouldn’t it!??
Think widely don’t listen to these people who are not considered rupee’s devaluation
भाई, 20 साल के बाद जब SIP के ब्याज पार income tax 30-40% जायेगा, पुरा पैसा नाही मिलेगा.
10% tax he, capital gain pe.
I approved a home loan of 18 lakhs from HDFC and I took 13 lakhs disbursment. Now I want to pay the remaining from my pocket to the builder instead of getting the next disbursement from the bank.cause I have some amount to pay. Is it okay?
Yes you can pay to builder and if any remaining amount you want to pay by loan you can do that as well.
Sir Mene home loan liya 360 m Kar diya ....abhi 240 m Kar sakta he kya ?? Sbi bank me
Yes, EMI amount badh jayega.. agar aap pay kar sakte ho to jarur karna chahiye. Bank se sampark kare.. aap isse change kar sakte he.
I am a banker..maine 37 lakh home loan liya h..mera EMI 16444 rs hai..mere liye ek plan btaiye kaise mai apna home loan 12 saal m band kar saku..mera home loan interest h 5.5 %
Kitne saal k liye liya tha aapne ? Or kaunse bank se
@nitinbalachandran7844 20 years, ICICI
prepayment me penalty lagti hai kya?
Nhi
SBI bank does not revise the tenure even if we repay the part of home loan, it just go on deducting the EMI till the amount gets to zero.
That is good for you. In this case your tenure will be reduced and you can complete loan faster. Not suggesting to reduce emi after repay.
@@WealthGuruji I am saying SBI does not reduce the tenure
Maine 3.5 saal me kar liya
aapne sb kuch bataya lekin pre payment krne pe bank principle ammount ka 4% extra charge leta h wo nhi bataya hr sal 100000 pre payment krne pe jo 4% lagega usse sidha sidha bank ko e profit h samjhe jo b informaton do uski dark side b bataya kro or pre payment krne ka option ki b limit hoti h or ek sal k bad e aap prepayment kr skte ho
Very good video bro
Sar hmara loan abhi start hua he hum chahate he ki jyada mi bhare lekin hme dar is baat ka he ki hmari sabsidy ka paisa doob na jaye
Which bank is ideal for getting home loan ... any suggestions please 🙏
I prefer who gives loan at low interest rates, SBI, BOB, ICICI, HDFC etc. SBI and BOB are the banks offers lowest interest rates.
During the home period 1.5 year Interest rate many time increase how calculate repayment.
Is sip safe? Because I haven’t any chance to take risk.
Not safe. But history says, in long term, it will generate better returns than anything else.. long term beats risk in mutual funds.
Home Loan Me EMI choti rakhne ke baad baki ka pesa prepayment me dale to jaldi khatam ho sakti hai?? Iska regular emi payment karne ke bajaye iss તરીકે se jyada bhar sakte hai kyu ki prepayment sidha mul dhan se katatata hai agar me 25,000 ke bajaye 15000 ki emi rakhu or baki ka 10,000 bachake 12 mahine me sidha prepayment karu pira ka pura to mul dhan jaldi kam hoga ispe ray de apki home loan pe.....
बहोत अच्छा सुझाव है
Excellent ideas Sir
What about capital gain tax on SIP return??? Who will pay tax on it?❓❓ 10 - 15% TAX
Khud low quality ke rent me rah kar aur Apna Ghar high quality me rent dekar usko bhi jo rent aaega usse bhi to loan Bhar sakte h na aur jo Ham kam Karenge Ham Jo income Karenge usse Home loan bhi clear kar sakte h na 5 Sal lonkhtma kr skte h. please is bare me dusra video banaiye......
1 Lakh per year, interest amount me add hoga ya principal amount me
Bhai, make an analysis with average 2.8L invested for the first five of 20 years, and just stay invested for the remaining 15years.
You would see the power of compounding, and the home loan continues its course.
Sir I have a loan of 20 làkh for 10 year . EMI IS around 24000. How can I complete this within 3 to 4 years. For your kind information I have already pàid 2 extra EmI . April 24 se EMI katna suru hua . Please guide us
Thank you sir
Impractical solution de rahe ho.. Har koi emi ke aalawa 2-2.5 lakh deposit nahi kar sakta.
Right, aise bahot log he jo aisa kar sakte he, kyuki 20 sal Tak salary wahi nahi rahegi, badhegi bhi ..
@@WealthGurujiguruji har saal itni salary nhi badhti jisse 2lac save kar sake koi....waqt k sath kharche bhi badhate hai .....10-15% ki Annual salary hike k baad 2 lac ki savings after alll expenses.... 😂😂😂😂😂
@@shubhamarya3257that means you're not getting a enough growth as per the market standards. Please start updating yourself in your field.
Bhai achanak se SARKARI job lag jaye aur 5 LAKH Dahej mil jaye to aesa ho sakta hai
Isk solution me batata hu , aap EMI KA 10% EXTRA HR EMI ME ADD KRKE Jma kro jaise 20000 ki emi h to 2000 extra jma kro HR EMI k sng to iska solution mil jayega
Excellent....👌👌
Really practical solution hai.....
I have done same for the educational loan taken for my son.....
see my comment above
Mera 10years 520000 ka loan 12%ka hai to 5yerar mai kese khatm hoga Kya karana padega Pripement kitni bharni chahiye please suggest me
Sir mera 927000 ka home loan hai... Maine ek bar ekdm se 1lac pay kiya... But mera na tenure kam hua aur na mera emi km hua... Statement me 30 sal tenure a'd 7400 emi dikhata hai... Pls suggest
मेरा लोन 20 साल का था bank repo रेट बढणे के कारण बँक ने year बढाये है, अब मेरा 29 साल का होगया है,
मै अभि हर साल 50000 एक्सट्रा भरणा चाहता हू, तो मेरा लोन कितने साल मे खतम होगा
Ask bank the current Roi , you can reduce as per today's rate by paying some minimum penalty ....it should be 0.25 percent of total loan
Per month or per year loan repayment ke liye kon sa faida hoga?? Pls explain sir
Sir.... Every month me kuch kuch dene ki fayda hai?
yes.. bahot fayda milega.. par aap banks se check kare. ki wo har mahine pre-payment facility he ya nahi..