Home Loan Tips: Settle home loan of ₹40 lakh in just ₹3,600
Home Loan Tips: Settle home loan of ₹40 lakh in just ₹3,600 it is very difficult to buy a house in the era of inflation. Even if someone dares to buy a house, then the person gets buried in the burden of EMI and expensive debt. We will tell you about loan to reduce the burden of home loans, how you can easily eliminate home loans with smart financial planning, and also how to pay interest on home loans.
Full compensation can also be done. Hello, you are seeing Dastak, and I am Shreya Thakur. In today’s era, no one wants to keep the burden of debt on their head; everyone does not want to bend the debt in the era of inflation.
The big reason behind this is the large amount a person takes a home loan of 40 to 50 lakh rupees, or 12 BHK flats in metro cities, i.e., 12 BHK flats from 70 to 70. It comes in at 75 lakhs. Due to being an expensive house, you have to pay more tax, and the right thing is to meet the expensive interest.
Fear is at its highest level in the last 5 years. First, let’s understand how much EMI is made on a home loan. Present two examples in front of you. First, take 40 lakhs; if you take a loan of 40 lakhs for 20 years, then your EMI is around 36,000; this calculation is the fee we have given on the batch; you will pay more than 40 lakhs in interest; if you pay your home loan in 20 years, i.e., tomorrow, you will have to pay 86 lakhs; and if you take a home loan of 50 lakhs for 20 years, then your EMI becomes 45,000; this calculation will give you 98; you will pay your loan.
You must have understood that a home loan costs more than the original, and a middle-class job requires a large part of his life to repay the EMI of the home loan. Dependent on the interest rate, but can end soon. What can the other total internal do, and apart from that, keep increasing by 10% every year?
You also understand what you told with an example, what they want to say. To compensate for the amount of interest on the home loan, you have to do the SIP of work by taking 10 fees of the EMI.
If the EMI of the home loan is 36,000, then you will have to pay the pay the SIP of rupees. If you can, then you ask simple: you will know that after 10 years you are going to sit down. What does it mean that after 10 years, on the basis of how much round is there?
You get to know from your bank that you have to do SIP of life interest with an estimated annual return of 12000 per month. After 10 years, you will have to finish the loan about 28 years later. If you need lakhs of rupees, then now you have to SIP in a good mutual fund in this way, which can give you good returns in 10 years as well as meet your goal of 28 lakhs.
It is very important to know how much amount will have to be paid after the year; it is easily done, and mutual funds can do sip saffron. For that, you have to first decide after how many years you have to end your home loan and how to pay the home loan as soon as possible.
By increasing the SIP a little more, you can compensate for the interest on your home loan. SIP 20 If you continue the year, you get an annual return of 12 physics, which you can calculate because 12 13% can be expected in mutual funds. It is not wise to fulfill because of the home loan that you get on the physical batch, whereas you can earn big profits by putting this amount elsewhere because in today’s time you can easily run 1530 in equity mutual funds.
If you get a return of up to 20% on any phone, then you can get a return of 20%. Financial Express home loan Behind completing some finance sip saffron If you have a large amount of money, then you should end your loan. I should ship 15 FT and increase your income.
Along with increasing earnings, your EMI will be reduced, but in this situation, you can increase the duration. Earnings are low in the beginning, as long as it is good to finish the home loan early or invest the fund in your hand.
What is your difference?
Please tell us in the comment. Share such interesting information with your friends so that they prepare to finish their home loan as soon as possible or can repay the interest paid on the home loan. See Chai for information.
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