I understand only one thing , try to clear debt and live peaceful life. " Peace" is big wealth and gives good health. There is no numerical calculations .

@vikram2105

4 жыл бұрын

You stood up to your name Vishwamitra

@ashisharora6800

4 жыл бұрын

Ya to peace le lo ya paisa kama lo . Peace se jindgi nahi chalegi , next generation bhi peace mein hi reh jayegi , thoda risk lena seekho.

@vishwamitravyas4248

4 жыл бұрын

@@ashisharora6800 Dear Brother, I had finished home loan in only 4 yrs against period of 15 yrs. Now investing all savings with full risk as now I have no any burden of EMI , doing my job without any fear. This is the intention of this video.

@ashisharora6800

4 жыл бұрын

@@vishwamitravyas4248 sir pata nahi aapne theek Kiya ki nahi , as per burden to Apne theek Kiya but earning point of view k hisaab se aapne kuch accha kaam nahi Kiya !! I know aap Meri baat se agree nahi Kar rahe , but I also run a loan and know the artefacts of earning !!

@dv5625

4 жыл бұрын

Vyas ji aap galat kar liye , woh amount aapko mutual funds mein average kar lena chahiye tha ya phir ek kaam karlete , 30 % HDFC bank lelete , 30% Asian paints , 20% Britainnia aur baaki 20 koi IT company aur bas bhool jaate.

wow superb analysis... The most thought provocating line was... क्या कोई अपने घर को गिरवी रखकर निवेश करता है... kudos

@BWealthy

4 жыл бұрын

Thank you so much Siddharth Jee for watching the video. Stay Blessed, B Wealthy

@pallavibaliga8880

4 жыл бұрын

@@BWealthy Dear Madam, I have a query/concern against LTCG tax on long running mutual fund SIPS. If the fund is not performing well now and I want to switch over to better fund, I end up paying 10% tax even if I am not going to consume it but rather remain reinvested in another fund. (How and where can I share my full query so I can better explain myself and the issue I am facing?)

@prasadcnavale

4 жыл бұрын

@@pallavibaliga8880 sir, there is no option... you have to pay tax... fund switch karna hai matlab....pehla redeem hota hai n then dusara purchase hota hai...

@pallavibaliga8880

4 жыл бұрын

@@prasadcnavale Thank you sir..

@BinodKumar-bs2kn

4 жыл бұрын

@@pallavibaliga8880 अगर आई टी आर नहीं हे तो होम लोन मिलेगा

I think the logical approach is we should clear the loan with step wise approach basis on the payment capacity. 1. Avoid loan as much as u can if you have money in hand. 2. Start part payment immediately after taking the loan. 3. Focus on your needs and desire. 4. Ensure you have enough money in hand for your gray days 5. Reduce tenure 1st as the interest will come down drastically. 6. If you have capacity of paying regular EMI than do not reduce the EMI amount. 7. If there is a challange with regular payment than look for reducing the EMI amount also along with tenure. 8. Income tax benifits will always be their but reducing the loan amount through part payment will give you multiple benifits. Thanks

@farukmohammad9972

Жыл бұрын

🎉🎉

Very logical calculation and evaluation. This has been in my mind and now I am convinced to complete home loan as soon as possible. Thanks for the insights!!

Hello madam. Watching your videos on financial planning since few months now. I admire you for your presentation and communication skills. Also got clearity on many things related to loans, part payment, wealth creation etc. Special thanks for making this video on the confusion what to opt part payment or SIP for a home loan. You nailed it with figures and proof. Thanks again. One request- kindly introduce yourself in every video at the beginning. 🙂

Thanks this is one of the best videos on home loan topic on KZread, most of the other channels are giving wrong info, thanks for making such great helpful videos. Appreciate it from heart👍

मेने भी 500000 का होम लोन लिया हुआ है। परंतु मेने कभी भी इसका इस तरह से विश्लेषण नही किया है । और न ही किसी फाइनेंशल adviser ने इस प्रकार से समझाया है। बहुत बहुत धन्यवाद।

You explain the things very clearly and I feel like I am attending a classroom training from a very experienced trainer.

Fantastic explanation! Ma'am I have one more suggestion to add to your explanation in point B, where people say that the value of your house property is appreciating. But I would say that appreciated value cannot be enjoyed untill and unless you sell the property, which is highly unlikely to happen in general, as many people borrow to buy a house for residential purpose. So, if one wants to upgrade from current property into a spacious property, only in that case he can enjoy that value. Otherwise, the notional appreciated value of property is of no use. Would like to know your view on this point. Once again I would say that the points you made are very important and relevant, as I have practically used the same in reducing my home loan burden from 20 years to 10 years. I kept suggesting these points to my friends and acquaintances for reducing loan burden. Thanks for your video.

आप बिल्कुल सही कह रही हैं कि लोन रिपेमेंट करने में ही भलाई है। मै आप की बात से सहमत हूं।

Didi, main aapki baat se 100% sahmat hu ki koi bhi loan sasta nahi hota, uske interest ko chukane me hamari mehnat ki kamai ka rupya jata hai. Jab tak bahut badi jarurat naa pad jaye karz (Loan) kabhi bhi naa le.

Thanks for the analysis, its better to repay in parts

watch full video without ads as there were no ads so , mam मैने २०१३ मे home loan लिया था । और उसका term ७ साल था। पर मैने उसे २०१६ मे repay कर दिया । और उसका part repayment करते वक्त यही सब सोचा था जो आपने ईस व्हीडीयो मे बताया । मेरी एक और सोच है । मै डॉक्टर हु और मेरी income cash मे है। मेरे पास जैसे पैसे आते रहते वैसे मै उसे fd करते रहता, tax बचाने के चक्कर मे cash नही रखता । ईसका benefit यह है की tax की amount तो एक साल के fd पर मिलनेवाले interest से निकल जाती और अगले साल से मिलने वाला interest income मे add होते रहेता ।

@ASHISHKHATODHEALTH

4 жыл бұрын

@@ashisharora6800 शायद आपने पुरा व्हीडीयो ध्यान देकर नही देखा । mam ने भी यही कहा है की early repayment beneficial है।

@BWealthy

4 жыл бұрын

शुक्रिया आशीष जी अपना अनुभव यहाँ शेयर करने के लिए। Stay Blessed, B Wealthy

@ketandangat1962

4 жыл бұрын

Better to use liquid fund over FD...

@nileshshirsath954

4 жыл бұрын

सर, मै भी यही सोचकर repayment कर रहा हुं. पण मॅडम आता 8.25% दर कोठेच नाहीये. मी LICHSGF चे लोन घेतले होते. त्यांचे फक्त 1 वर्षच हा रेट होता. नंतर त्यांनी 11.8 असा रेट केला (न कळवता). हा तर एक प्रकारे सावकारी रेट आहे! महिन्याला 1%. आणि जर व्याजदर कमी करायचे असेल तर प्लॅन बदला आणि त्यासाठी वेगळे पैसे मोजा.

@FEN423

4 жыл бұрын

@@nileshshirsath954 SBI Maxgain या स्कीम चा लाभ घ्यावा ते LIC SBI ला फिरवून घ्या. ८:३५%

Nice presentation man....Earlier I also used to believe it is better to take exemption on tax u/s 24 and invest that amount in some instruments.....now things are clear....

Very methodical break down. I didn't learn anything new, but thumbs up to the approach this was explained and argued! Part-payment absolutely makes logical sense. Unless this is 1993 and you are buying shares of Infosys ;)

Salute to you Madam ji for clarification of doubts most of the people have

एकदम सही है मॅडम इतना पैसा बचा सकते है इसका हिसाब ही नही किया था .thank you for this idea .

@saxenapprashant

4 жыл бұрын

Hi Mam, Your calculation is right, but I have a question here, as Rs value decreasing day by day.If I took a loan of Rs20 lacs, and pay in 20 years. Assume paying 20k monthly for 20 years,Rs value on 20 th year will be decreased. Am I Right . Pls reply , I am regularly watching you on CNBC aawaz.

@durgeshgupta1566

3 жыл бұрын

@@saxenapprashant your point is valid but you will pay most of the interest in first 5-6 years and at this time mo ey will not be depreciated too much. Therefore it is important too payoff in the first one third tenure.

Thanks mam for Clarifying all the aspects of home loan... Really Appreciate your efforts.

Ma'am, one point I want to highlight which I was not aware before taking home loan: the interest on loan is the highest at the start of the tenure. And decreases gradually. And principle is vice versa. So prepayment during initial 3-5 years has lot of benefits. Can you please create video on this if not already done? It may help others before taking loan.

@bittubittu3875

Жыл бұрын

This is a process of all kind of loans..not ONLY for home loan

तुम्ही ज्या प्रमाणे ही माहिती समजून सांगितली ती खरंच उपयुक्त माहीती आहे. धन्यवाद🙏🙏

My father is a bank employee and he is getting home loan at 6.75 percent simple interest. So in this case, shall we take maximum loan or the same applies what you said?

@georgelepcha5846

4 жыл бұрын

Take loan as much as ucan afford

mam thanks for your explanation, but i have a doubt regarding money valuation, considering 4% inflation rate the amount paid after 20 yrs is surely much less than what it is now, so considering that factor what is your advice

Well said and I really appreciate your advice definitely will set goals for part payments accordingly.🙏

The last advise regarding the bifurcation and handling of lumpsum funds was truly required. Keep educating us with your knowledge and industry experience,

I bought a house in 2009 for 14 lac and now its market rate is 70 lac in 2019. My home loan interest rate is 8.35 and i have savings in FD which is giving me about 7 percent intetest, means I am paying only 1.35 percent and also getting tax benefits every year. I can invest my savings whenever i have a good opprtunity.

@chemistrybyheeralalnavoday2945

4 жыл бұрын

Aap home loan se tax save kr rhe h and FD pe tax pay kr rhe h

@chemistrybyheeralalnavoday2945

4 жыл бұрын

FD is taxable

@Pradeep-zf5cd

4 жыл бұрын

@@chemistrybyheeralalnavoday2945 The FD is on my wife's name and one on on my fathers name (Senior citizen) and we fill a form every year for not deducting TDS (tax on FD) so actully there is no tax on my FD

@bhartivishwakarma1566

3 жыл бұрын

Correct Pradeep, i dont agree with this video on tax saving part......the interest that we pay on home loan is 7.5% , so instead of part payment we can invest that money into long term tax free plans and also avail 30% tax benefit...at the end of 10 year when tax benefit part goes very down, take all the cumulative money and clear the home loan....by doing this we are clearing the loan in 10 years and getting tax benefit as well

@andyrony1

Жыл бұрын

Bhai tumne ghar saste me liya tha...aaj ghar sasta nahi hai Bas itna he farak hai

Madam kindly make video for income tax return for govt employees

Seedhi baat like arrow...thank you madam ji, mera confusion clear ho gaya...bhale 2 saal purana hai but still very relevant

Thanks a lot, I had done exactly the same for paying back my house loan as you have recommended..had done minimal calculations then but realised early payment was the key.. Now with detailed calculations, you have substantiated the same..More so prepayment provided much relief and peace of mind.. I think your video will provide valuable guidance to others.. great show 👍

Thank you Ma’am 2013 se Mera home loan chal raha hai our Mai continues part payment kar raha hm our Aaj ke date me lagbhag khatam hone wala hai.kai fund house be muchhe bola aap shasta loan ko kyo payment kar rahe ho. Kabhi kabhi confident lose hota hai but aap jaise logo ke hone se positivity badh jaati hai thank you 😊.

You are saviour !! Salute to You Mam !

You are sharp with logic. Impressed with the clarity and intelligence. Thank you !

Very very helpfull and logical. Amazing content.. Learning a lot from you. Thanks

Thank you. I listen to you like a child.

@BWealthy

4 жыл бұрын

Thank you to you too for watching the video Amit Jee. Stay Blessed, B Wealthy

You look like model not a CA😊 Anyway the way you explain it is perfect...

बहुत बढ़िया वीडियो। में हमेशा से ऐसा ही करता आ रहा था , लेकिन खुद के कदम पर इतना विश्वास नहीं था। ये वीडियो देख कर खुद प्र भरोसा बढ़ा है । धन्यवाद ।

Awesome explanation, I also get same questions from my colleagues so I can share this video to them. Thanks

Superb combination of intellegency and beauty.....

Consider person in stead making a part payment of 5 lakh amount, he make an FD with 7% interest rate. Interest on loan is 8.25%. 30% (tax exemption) of 8.25 comes out to be 2.57. So 8.25 - 2.57 = 5.73 is effective interest that person will be paying on 5 lakh which he did not pay to bank. He will be getting 7% (Make FD on name of person who don't have income) from FD. Now compare which is good. Also any financial planner will suggest you to keep cash in hand i.e. invest in instrument which we can liquidate easily. Here you can choose FD as investment instrument. In future if you need money (let's say you want to buy car) you may end up paying more interest than home loan and you won't even get tax benefit on that interest. Think about it ...

@FEN423

4 жыл бұрын

FD ka interest taxable income so deduct this for actual income after tax for comparison

@divyaenterprises205

4 жыл бұрын

A MORE BETTER OPTION . PAY EMI AND INVEST SAME AMOUNT IN RD ACCOUNT WITH ANY BANK OR POST OFFICE FOR HALF TENURE OF HOME LOAN AT MID TENURE YOU END UP WITH A HEFTY SAVINGS AND AUTO EMI PAYMENT FUND . THAT YOU CAN PAY ALL FUTURE EMI'S FROM INTEREST OF SAVINGS ALONE AND ENJOY ALL TAX BENEFITS AS WELL.

@tejasbhagat4889

4 жыл бұрын

@@FEN423 it is a complex calculation but i have come very close to it. First of all one should invest only in FD & that too in big nationalised bank like SBI. Not other investment involving uncertainty are to be considered. By & large conclusion is if you have home loan of less than 25 lakhs @ 8.25% or more, & you are in 20% tax bracket then you save Rs 100-500 per month by keeping the money in FD instead of part paying to bank even after paying tax on interest of FD. Yes just Rs 100-500 per month but you build a corpus as an emergency fund which helps you sustain for long if you loose your job or had an accident which restricts you to go to job while your EMI continues. If you are in 30% tax bracket then saving is more. Of course this is after you make the part payment to enjoy full benefit of 1.5 lakhs. Calculation is bit complex & no one has given clear solution yet as far as I know. After understanding this calculation, i realised that since money has a time value, what really matters is how much loan you have & not really the tenure. Due to this when I changed my loan from one bank to another i increased my tenure from 11 years to 20 years & reduced the EMI to enjoy more tax benefit & to build a corpus in SBI FD. It is truly very interesting.

@tejasbhagat4889

4 жыл бұрын

What you mentioned is true by & large, & one can save more money by making FDs in parent's name, but calculation is bit complex & one has to estimate exact amount of part payment to enjoy full benefit of 1.5 lakhs. Also Pls read my other reply. After understanding this calculation, i realised that since money has a time value, what really matters is how much loan you have & not really the tenure. Due to this when I changed my loan from one bank to another i increased my tenure from 11 years to 20 years & reduced the EMI to enjoy more tax benefit & to build a corpus in SBI FD. It is truly very interesting.

@manishzope4423

4 жыл бұрын

@@FEN423 Read comment carefully.. solution for income tax on FD is mentioned

I LOVE YOUR STYLE AND VIDEOS... KEEP GOING .. I am also planning to BUY a new home in MARCH 2021 and your videos are really helpful 😍

Out of lot of stuff on u tube this is really important in today's life especially in common man's life.very informative content explained in very simple language. Thank you ma'am..Stay blesses..stay haapy always

Explained really well..I was doing the same mistake,focusing on investment and tax saving rather than part payment of the loan. Thanks a lot.

@RahulKaware

4 жыл бұрын

Boss she's not Expert, read about Time Value of Money and Appreciation in Real Estate sector.

We needed this knowledge

@BWealthy

4 жыл бұрын

I am glad you liked the content of this video. Stay Blessed, B Wealthy

M'am,very professional presentation yet so simple way to enhance the loan knowledge.Thxs!

Excellent analysis madam... can you please make a similar one for the current home loan interest rate/tax regime?.. and yes.. the base truth remains.. forget all monetary benefits.. the mental peace and independence is unparalleled.. so under all circumstances loan repayment is the best option

Sorry mam... आपका गणित ठीक नहीं है... 50 लाख के घर कि कीमत 20 साल बाद... सिर्फ 80 लाख नहीं होंगी... 3 गुना होंगी... नहीं तो किसी भी घर कि कीमत कि तुलना करलो... जो अब से 20 साल पहले के है... और अगर अपने प्लाट पे घर बना है तो उसकी क़ीमत 20 साल मे 10 गुना होती है....

@jaipurpropertyveerpratapsi4093

6 ай бұрын

Well-done mam thx mam

@Aryabrahmin

5 ай бұрын

Right

@real-worldpictures

4 ай бұрын

Ek example Diya hai. Ek saman waqt ke baad price same hi hoga. Chahe aap loan 10 saal me paid kre ya 20 saal me. Chahe uska price 20 saal baad 3 cr ho jaye

@kavianoopshakya112

3 ай бұрын

घर की कीमत तब है जब aap उसे बेचना चाहते है, और ghar कोई नही बेचना चाहेगा 20 साल bad...esliye घर की कीमत लगाना सही नही है....ager aapko बकाई ghar ki जरूरत hai तभी home loan lo..barna utne hi ईएमआई ka म्यूचुअल fund mai lga do 15 percent bhi return milta hai to 20 साल bad 10 गुना hona clear hai

Dear Mam you lokk like Jeniffer Lawrence in this new look

@patelkashyap1708

4 жыл бұрын

Chehra umrah batadeta hai..

@FEN423

4 жыл бұрын

Ageless beauty. Presenter style is like international speakers, nice!

@ss26d

4 жыл бұрын

Good information, thanks 😊

Simple straight and pure truth...far better than "CA" certified videos

Plz mention at what stage prepayment to be made ie. At earlier stage, Middle Stage or at end Also include Inflation, Liquidity in your analysis Overall it's very good analysis for middle class ppl

Maine kaha bhai thaamba.....Cute .. 😊☺️

Well, you still forgot to consider inflation post that the effective tax rate will be 2-2.5% only.

@harshlaws9408

4 жыл бұрын

Still you are paying at least 2%. Her point is why to pay even .01%. remove burden of loan at the earliest. Simple!!

आपकी जानकारी बहुत अच्छी मेम। जानकारी देने के लिए आपका बहुत बहुत धन्यवाद। भगवान् आपको हमेशा स्वस्थ और खुश रखे 🙏

Right mam I totally understood... Thanks 😊😊

Madam, please accept my sincere appreciation on the way you explained the huge benefits of part payments....We as parents keep saying our kids to do, they would not. I'm sure your simplistic style will convince them now...Thanks

@BWealthy

3 жыл бұрын

Thank you so much for your kind words Sir. Means a lot to me. Regards

Just a Genuine Compliment..!!!!!! She is the perfect example of beauty with brains Thanks, Miss

Aap bahut sundar or intelligent or honesty ho.... jab aap bolti hain to yese lagta hai moti gir rahe hon.... thanku

I watched previous video and this one. I found it very helpful. I am planning to take home loan and was confused a bit about the tenure and tax savings with the loan. Now I am clear. Thanks

there are two option in part payment. 1 reduce emi. 2 reduce tenure. both r benificial and saves intrest. But if want instant feeling of saving, go for reduce emi option. And then u can think of buying another home of the amount of emi u have saved.

स्वाति जी आपने तो आंखे खोल दी होम लोन के बारे में धन्यवाद👌👌👌👌👍👍👍👍

@swingtradewithrk7472

4 жыл бұрын

मेरी भी

@BWealthy

4 жыл бұрын

शुक्रिया नीलेश जी। Stay Blessed, B Wealthy

I think, ur 1st logical finance guru on KZread ...also 1st person to deliberate that loans are not good at all ......👍👍 thanks for sharing such video

बहुत सटीक जानकारी और एकदम सरल गणित द्वारा आपने समझाया है मैडम।हम जैसे लोग इस गहराई तक नही सोच पाते।आपका धन्यवाद

@shatrudhankumar-kq1kg

5 ай бұрын

Right 👍👍👍

NICE

@BWealthy

4 жыл бұрын

I am glad you liked it Harsh Jee. Stay Blessed, B Wealthy

Gosh, she's so beautiful

@SubodhRamteke

4 жыл бұрын

Indeed. Beauty with brain.

@ragibehsan2099

4 жыл бұрын

I want to know, getting Loan on LIC policy to make a part payment is good option or not

@milindkhandave1930

4 жыл бұрын

What about Max gain . Scheme of SBI . is it useful

@kulkarnibuwa16

4 жыл бұрын

@@ragibehsan2099 not at all. Now you need to factor in loan interest amount that you will be paying on policy loan. And remember, though the interest is simple rate, if you don't pay for a year, then it will be added to your loan amount, thus you will be paying compound interest only.

@sudhirsaleakanomad2051

4 жыл бұрын

🤣😀🤣😀🤣 Men will men Dange Saheb 😛🙏👌😀👍

Thumb ups for considering "desire". I have seen many other investment videos. They eventually never cover this aspect. I believe this is one of the important aspects of our life. Otherwise, any investment becomes meaningless or rather "goalless".

Super like! Thank you for making such an informative video.

25 saal main zameen ( house) ka rate 50 se 80 nhi, 8 se 80 ho jaata h

@vipulvipul4051

4 жыл бұрын

Hmm. 80-90% case m zameen nhi flat hi loan p hota h. And flat 20-25 saal m kabad ho jta h

Thamba👍👍👍

Very informative & explanatory.... Liked the way you draw a conclusion line after you give any examples. You are awesome.

Very clear and understandable video , Explain in very simple way , Thank you so much for your Guidance . ❤️❤️

Simply make 1% of emi SIP investment of the same tenure, we will get full return what we paid as intrest and whatever emi we paid is the rent Calculated on the basis of cagr 13%

@swatigawade3389

4 жыл бұрын

Genius

@ravikataria1355

4 жыл бұрын

I think when you show tax saving of 3,00,000 in 5 years. You should also add in that interest we will earn from investment we can do instead of part payment. Although we should do part payment to reduce the debt and most imp. Headache of loan to make mind peaceful.

Sorry but Not agreed ... Becoz tax benifit and return in amount investment and increase in value of house simultaneously hoga. And aapka comparison sirf ek time me ek option ke saath he..... I hope u understand . But aapka part payment ka idea badiya tha

@BWealthy

4 жыл бұрын

Thank you for sharing your point of view Ashish Jee. Stay Blessed, B Wealthy

@bhartivishwakarma1566

3 жыл бұрын

She is not considering various factors....she just showed 16L saving on interst vs 3L tax saving....the part payment that i did not do and invested somewhere else will grow and after 10yrs, i do the part payment with increased surplus...so i get tax benefit as ell for 10 years and at the end of 10 yrs i clear my loan also

Swati excellent way of Explanation. I was watcing you on CNBC awaz regularly. But nice you are reching out to more people to sort their problems out.

Really nice vedio..that clears all the doubt from my mind..you really changed my mindset now.

Madam, Correct information. खुद का घर होना त्या हे वो कर्ज परही क्यूना हो ' यह भी एक बात होती है | इस लिए भी कर्ज लेनापडता है |

Ma'am what if ,the bank deducts the interest First? Will there be any benefit in pre paying the principal on which the entire interest is already paid. Kindly reply

@proabhinav

3 жыл бұрын

Can confirm, monthly extra payment of over and above your defined EMI amount, will be deducted from the principal only. Checked with bank.

Been Living Peacefully since I was 35 yrs old, with 2 homes fully paid for. Helped a lot in this Pandemic.

So beautifully explained. I don't know how I missed your channel earlier but I'm now not only a subscriber but also a big time fan!!!

आपके लंबे बाल ही अच्छे लगते थे। Looking pretty in short hair too👌👍🙏💇

Ek kaam kijiye. Calculate FD maturity for 50 lacs after 20 years with 7% interest rate. And calculate interest+ principal paid for 50 lacs loan after 20 years with 9% interest. U will see the FD amount will be more...

@rdkandgaonkar

4 жыл бұрын

In FD you have to pay 50 lakh and you will get interest after 20 years .... here you are paying interest from 1st month...so can't compare Compare with recurring deposit

@Self-Seeker

4 жыл бұрын

@@rdkandgaonkar I am just saying If I have 50 lacs in my pocket and if I want to purchase home I will go with loan instead of spending those 50 lacs. I will fix that money.

@ideepakmathur

4 жыл бұрын

@@Self-Seeker I've had loan of 25 lakh for 20 years I've reduced my loan tenure by part payment and about to pay my whole loan in 7 years. This is how I played smartly. Why to pay EMI till 25 years and pay double. After completing my loan I'll have the property then again I can think of some investment or whatever it's. I agree with her. She's right and I've done this practically. Be wise and always think twice.

@jaihindjaibharat4956

4 жыл бұрын

Brother 20 years k bad due to inflation apke paise ki value bhut Kam rah jayegi.

@jaihindjaibharat4956

4 жыл бұрын

@@Self-Seeker galati krenge aap

Excellent. Most of the other people don’t disclose this comparison that what you are losing while saving 60k in tax savings.

JAISE AAP HEI DIKHANE MEI,,, WAISE HI AAP KI SOCH HEI,,,,

please remember the interest rate is 8.5 % only for first 3 or 5 years and then it goes up to 11.5 %. That time Early repayment is better

@sumersinghshekhawat4531

4 жыл бұрын

In current time intrest is near bottom. So reduce principal by paying this time

Dear have you seen statement of loan they first deduct interest part

@ankitjain5469

3 жыл бұрын

Then you need to prepayment initial years so that your interest part can be reduced

almost 90% doubts is now clear maam. Thanks alot for your video. Now, in 2021 we can see offer of LIC regarding waiving of 6 EMI on home loan. Will you please make video on that , it would be great help to me and others to understand the things before taking home loan.

Fantastic explanation Swati 👍 I was looking for such advice. Will surely follow this and get out of home loan trap.

Whenever u suggest investment in mutual fund u assume minimum 12% return and here u r saying there is no surety of more than 8% return. Stick on ur words ma’am.

@jayant_reva

4 жыл бұрын

Point to be noted.

@bhartivishwakarma1566

3 жыл бұрын

Baat aise nhi to waise manwani hi h....kii part payment hi sahi h

Such a dumb calculation. Whenever you are paying the EMI, there are always two parts: Principle and Interest. At the beginning of the repayment period, you are paying the highest amount of interest, and the interest component keeps on decreasing as the year goes on. At any point, whenever you are in the 30% tax bracket and you are paying 2 lakhs or less as the interest component, you are actually getting 30% "rebate" on the interest rate (as you do not need to pay tax for this amount). Let's say your home loan interest rate is 8.4%, so actually, you are paying as per interest rate of (8.4 * 0.7) = 5.88%, which is less than most of the FDs. Hence, whenever you are in the HIGHEST TAX BRACKET and you are paying LESS THAN TWO LAKHS as the Interest Component of your EMI, you SHOULD NOT PREPAY OR FORECLOSE THE LOAN. In fact, if you have a good reputation with the bank, you should just keep on paying the interest amount, not the principle, so that you keep on getting this tax benefit. You need to be smart to save tax legally when you are a salaried person and are in the highest tax bracket.

@jaihindjaibharat4956

4 жыл бұрын

FD k interest bhi taxable h bro.

@jaihindjaibharat4956

4 жыл бұрын

And if same 30 percent tax bracket no FD available with 8.4 percent return

@jaihindjaibharat4956

4 жыл бұрын

Souvik kulay please reply my query

@SouvikKolay

4 жыл бұрын

@@jaihindjaibharat4956 You are right. Though there are sections like 80 TTB, introduced in 2018, which is only for the senior citizens. But for non-senior people, there is no such option. So the only solution is, invest on behalf of your non earning family members. You can have a joint bank with them, where the primary member is not you. There are also another option to inverst, which is tax free but risky, like long term mutual fund, which is tax free upto 1lakh profit per year.

I am satisfied, your teaching quality is best. Sabi ko isme thora gor karna chahiye. Thank you mam.

One thing I must say... You are definitely very good teacher 🥰

Mai to sirf maidam jii ko hi dekh rha hon...... Bahut achchi personality hai.... wow

Jonathan madam ki yad aagyi mujhe home loan lena he bahut din se confuse ho rha tha prepay ya investment ab sab clear h. Thankyou vary much mam

Your strategy is as beautiful as you are... First time seeing a video where beauty speaks with brain... I'm going to follow your part payment technique.... Thanks a lot

Really nice explanation,I need to again do my maths calculation which I did earlier

Hi Swati...I took home loan of 14.5 lakhs and emi started in jan 2016. I still have 13.4 lakhs outstanding. Interest rate was changing ..so assuming an avg of 8.7. Could you pls suggest that making lumpsum payment of 2 lakh and paying 2000/month extra frm now would be beneficial or is there any other better solution? I can easily pay 5 thousand extra per month apart from emi. Also pls suggest if any online calculator is available where i can input this pre-paymnt and get the result. Thanks

I completely agree with you ma'am. A loan is a debt. Our first priority should be to clear it as soon as possible. Don't go for false narratives of tax saving etc. You can never achieve financial independence while keeping your loan. I have repaid my own home loan of 25 L due in 10 year in 2 years. This is possible and we must do it. Thanks.

Mam, Is it true that during the long run when you borrow from the banks in the form of home loan and vehicle loan the banks deduct the interest factor at their earliest and the principal factor later during the tenure of the loan so if you prepay your loan at the earliest you end up paying more. Because your principal remains the same and what you have been paying goes for paying the interest. kindly guide.

@chakravarthyg1715

3 жыл бұрын

No, It will be deducted from Principal amount only.

ekdam barobar....... shuru se yahi mera point of view hai ,.....

This is what i was looking for from so many days. Cleared all my doubts. Thank u Mam

Md'm both of us husband wife are govt employee want to buy flat jointly. Should we sell the old flat to buy new on instalment for tax savings as well m. Pl guide

Agree with you. A clear answer to the promoters who say it's good to take loans.

This is a real eye opener. Saw lots of videos on this subject. But its uncommon. Doubts cleared.