Thu, Dec 19, 2024
Home Loan EMI+SIP: One spends a substantial amount from their monthly income to repay equated monthly instalments (EMIs) of their home loan. Simultaneously, if they run an SIP investment, which is 10 per cent of the EMI amount, it can help recover the interest amount of the loan a great deal.
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Wed, Dec 18, 2024
Home Loan Calculations: The option of prepayment in a home loan can help one save a considerable amount if the option is used wisely. Prepayment can be in parts or a one-time lump sum. Either way, the interest amount and the tenure can be reduced.
Tue, Dec 17, 2024
Rs 55 lakh Home Loan vs Rs 55 lakh SIP investment: One can take a home loan to purchase a home, or they can start a SIP investment, generate a corpus, and use that money to buy a home with a huge down payment or in cash.
Mon, Dec 16, 2024
Home Loan Calculator: As income increases, a home loan borrower can opt for paying an additional equated monthly instalment (EMI) every year. It can reduce the overall loan interest amount considerably.
Fri, Dec 13, 2024
Home Loan vs SIP Investment: In a home loan, a borrower repays the interest along with the principal amount over a long duration. In mutual fund SIP investment, one invests a fixed amount every investment cycle to create a corpus in the long term. It depends on an individual's requirement to choose between a home loan and the SIP investment.
Thu, Dec 12, 2024
Home Loan Calculator: Paying one additional EMI every year can lighten the loan burden significantly. Not only can it reduce the interest amount, but it can also shorten the loan tenure.
Thu, Dec 05, 2024
Shorter Home Loan EMI vs Shorter Tenure: When we take a home loan, we set the equated monthly instalment (EMI) according to our income. But once income rises, options such as prepayment can reduce the interest amount and the loan tenure considerably.
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.
Mon, Dec 02, 2024
Home Loan Repayment With Additional EMI: A borrower often repays higher interest than the principal amount. One of the effective ways to reduce interest significantly is to pay an additional equated monthly instalment (EMI) every year.
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.
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.
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