Tue, Dec 03, 2024
Home Loan vs SIP Investment: In a home loan, a borrower pays an interest amount along with the principal amount. In SIP investment, they invest a fixed amount in a mutual fund scheme and generate a corpus.
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Fri, Nov 29, 2024
Home loan EMI vs SIP: Should one take a loan to buy a home or make an SIP investment, create a corpus, and then buy a home? It depends on priorities and financial goals. Both have their pros and cons.
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.
Wed, Nov 13, 2024
Home Loan EMI vs SIP vs Lump Sum: If someone is in their 40s and don't have many years to earn income, they may go for a home loan, but if they are in their 20s or early 30s, they may pick either of the options or both.
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.
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.
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.
Tue, Oct 15, 2024
25-year Home loan EMI vs 11-year SIP: If one takes a Rs 55 lakh home loan for 20 years at 9.50 per cent, the estimated EMI will be Rs 51,267, the estimated interest will be Rs 68,04,132, and the estimated total amount will be Rs 1,23,04,132.
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.
Wed, Oct 09, 2024
The repo rate, repurchase agreement or repurchasing option, is the interest rate at which the RBI lends money to commercial banks. When the economy grows, liquidity in the market rises, loans are available at a cheaper rate, and inflation is rising, the RBI takes a measure to control this situation by making borrowing costly.
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.
Mon, Sep 30, 2024
Home Loan Calculator: If 'A' and 'B' take a Rs 50 lakh home loan each at a 9.50 per cent interest rate for 20 and 30 years, 'A' will pay estimated interest of Rs 61,85,574 in 20 years, while 'B' will pay estimated interest of Rs 1,01,35,376 in 30 years. Borrowers can use prepayment, higher EMI, and extra EMI as some of the ways to reduce the home loan epayment amount.
Mon, Sep 09, 2024
Home Loan+SIP Calculator: Home loans are high in amount and have a long duration. So, the interest amount is most likely to be larger than the principal amount during that duration. But if you simultaneously make an investment in a mutual fund SIP where you get good growth, you may gather a corpus that can match your interest amount.
Mon, Aug 05, 2024
If you are taking a Rs 50 lakh home loan for 20 years at a 9.50 per cent annual interest rate, your estimated EMI during that period will be Rs 46,607. With that EMI, your interest will be Rs 61,85,574 and the repayment will be Rs 1,11,85,574. It means the interest amount will be nearly Rs 12 lakh more than the principal amount. However, if you increase your EMI to Rs 49,992 a month, your interest amount will be reduced to Rs 49,48,436 and you will repay the loan in just 17 years.
Thu, Dec 07, 2023
Feeling anxious about the recent repo rate change and its impact on your home loan EMI? Relax! This video explains the difference between fixed and floating interest rates in home loans and how they react to repo rate changes. Discover whether you need to worry or not based on your loan type.
Mon, Oct 23, 2023
By increasing the EMI amount a litle, you can also repay your home loan much earlier than its actual duration. You can invest the saved money in assured-, moderate- or high-risk investment plans.
Fri, Jun 03, 2022
In the month of may reserve bank of india (RBI) increased repo rate with 40 basis point. After this now commercial banks are increasing landing rate. State Bank of India increase interest rate with 0.40 percent and this new rate implemented from 1st june 2022. Now if you are thinking of home loan through SBI, here in this video know first, What will be the impact on your monthly EMI if you take a home loan of 25 lakhs for 20 years after the interest rates increase.
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