Thu, Nov 28, 2024
Home Loan Calculator: Prepayment is an effective way to reduce interest rate and tenure on a home loan. The timing of prepayment is important as making it early helps one save more money on interest than saved when they delay it.
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Tue, Nov 26, 2024
Home Loan + SIP Investment: Should one take a home loan and buy the home, or should they start a SIP investment and delay the home buying decision to a few more years? Or should they do both simultaneously? It can be a tough question to get an answer to. But one can assess their financial goals and income to take the right decision.
Mon, Nov 25, 2024
Reduce EMI or Home Loan Tenure: When we make a prepayment of a home loan, the lender asks for two choices: either we can choose to reduce the loan EMI or tenure. We can find ourselves in a dilemma with such a set of choices. Then what are the elements that can help you choose the right option?
Tue, Nov 19, 2024
Home Loan vs SIP Calculator: Take a loan to buy a home or create a corpus to purchase the same? Which can help you save more money? Which option should you opt for? It depends on your financial goal, priorities in life, age, income status, etc.
Mon, Nov 18, 2024
Home Loan Calculator: Prepayment plays a key role in home loan repayment. Lump sum, part payment, or one additional equated monthly investment (EMI) can considerably reduce the loan interest burden on a borrower.
Fri, Nov 15, 2024
Home Loan EMI+SIP: While repaying a home loan, investing in a SIP can help one recover the amount of interest to a great deal. Even if their monthly SIP investment is 12 per cent-14 per cent of the EMI amount, it can create a large amount during the investment period.
Thu, Nov 14, 2024
Home Loan Prepayment: On a Rs 85 lakh home loan for 25 years and at 9.5 per cent interest rate, the estimated equated monthly instalment (EMI) will be Rs 74,264, the estimated interest will be Rs 1,37,79,265, and the estimated repayment amount will be Rs 2,22,79,265.
Tue, Nov 12, 2024
Home Loan EMI vs SIP Calculator: A home loan can be an important financial goal for many individuals. When they take a home loan, they often pay higher interest than the principal amount. But what if instead of taking a home loan, they invest the same amount in SIP?
Wed, Nov 06, 2024
Home Loan Calculator: When we take a home loan for a long duration, every percentage point in its interest rate plays a key role as a slightly lower interest rate can help one save lakhs of rupees in the long run.
Tue, Nov 05, 2024
Long vs Short Home Loan Interest Calculator: The tenure of a home loan plays a key role in determining the interest amount a borrower will pay during repayment of the loan. If the loan tenure is lower, the borrower needs to pay les interest compared to when the tenure is higher.
Mon, Nov 04, 2024
Reduce Home Loan EMI vs Reduce Loan Tenure Calculator: The question of reducing the equated monthly instalment (EMI) or tenure pops up when a borrower opts for prepayment of a home loan. But which option can help save the borrower more? It can be decided through simple maths.
Tue, Oct 29, 2024
Home loan EMI vs Mutual Fund SIP Calculator: Borrowers pay heavy interest on home loans. But if one invests an amount in a mutual fund SIP(s) equal to the home loan EMI, their journey to buy a home can be much faster.
Mon, Oct 28, 2024
Home Loan Calculator: With the price of real estate rising, borrowers are going for high amount loans. Since these loans are for long durations, borrowers pay a higher interest amount than the principal on them. But if one goes for a higher down payment initially, they can save a considerable amount on home loan interest.
Fri, Oct 25, 2024
Bigger Home Loan EMI vs SIP Investment: When a borrower repays a home loan, they pay higher interest than the principal amount because such loans are of high amounts and have long durations. But if they go for a higher EMI, the interest amount can be reduced considerably. The other option to recover the interest paid is to have a mutual fund SIP investment.
Wed, Oct 23, 2024
Home Loan EMI vs SIP: Borrowers take home loan for a long term. So, they pay higher interest than the principal amount. In mutual fund SIP investment, one invests a prefixed amount consistently to build a corpus that can fulfil their financial goals.
Fri, Oct 18, 2024
Home Loan+SIP Calculator: Repaying a home and investing in a scheme are two different things. But while repaying the loan, if one runs a mutual fund SIP simultaneously, with a SIP worth just 11% of the EMI amount, they can recover the loan interest amount.
Thu, Oct 17, 2024
Home Loan Prepayment: Home loan prepayment is an effective strategy to reduce loan interest to a great extent. Even if one opts for a prepayment(s) equal to 10%-15% of their principal, they can cut down on their interest significantly.
Wed, Oct 16, 2024
Home Loan Calculator: If a borrower takes a home loan for a long time, it is highly likely that they pay more interest than the principal amount. If they take a Rs 60 lakh loan for 20 years at a 9.5 per cent interest rate, their estimated EMI will be Rs 55,928, the estimated interest will be Rs 74,22,689, and the estimated repayment will be Rs 1,34,22,689.
Mon, Oct 14, 2024
Home Loan Calculation: On a long-duration home loan, a borrower may end up paying higher interest amount compared to the principal amount. The borrower can reduce interest by making 1 additional equated monthly instalment (EMI) every year.
Fri, Oct 11, 2024
Home loan EMI+SIP Investment: For a Rs 60 lakh, 30-year home loan for 25 years, the estimated EMI will be Rs 52,422, estimated interest will be Rs 97,26,540, and the repayment amount will be Rs 1,57,26,540.
Thu, Oct 10, 2024
Home Loan EMI Calculator: On a Rs 60 lakh home loan at a 9.5 per cent interest rate for 30 years, the estimated EMI will be Rs 50,451, estimated interest will be Rs 1,21,62,451, and the estimated repayment amount will be Rs 1,81,62,451.
Wed, Oct 09, 2024
Home Loan Calculator: On a Rs 75 lakh home loan for 30 years and at an interest rate of 9.50 per cent, the estimated EMI will be Rs 65,527, estimated interest will be Rs 1,21,58,175, and the estimated repayment amount will be Rs 1,96,58,175.
Mon, Oct 07, 2024
Home Loan Calculator: When you take a home loan for 20 years, there is a strong likelihood that the interest amount can be much larger than the principal amount. In such a case, increasing the EMI amount, going for an extra amount, or prepayment can be ways to reduce the interest on the loan.
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