Thu, Dec 26, 2024
Home Loan Calculations: A home loan prepayment can be an effective tool to reduce the interest amount or loan tenure, or both. The earlier one makes it, the higher interest they can save. Even a modest prepayment can shave off lakhs of rupees from an Rs 80 lakh home loan.
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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.
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.
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.
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.
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.
Thu, Aug 08, 2024
Home Loan Prepayment: If you take Rs 50 lakh home loan for 20 years at 10 per cent interest rate, your equated monthly instalment (EMI) will be Rs 48,251, the total interest will be Rs 65,80,260, and the repayment amount will be Rs 1,15,80,260.
Wed, Apr 03, 2024
Home loan Prepayment: One of the most tested and effective strategies to reduce your interest on principal is prepayment. It may be in the form of paying one extra EMI every year or paying a 10 per cent higher EMI every year. Know how you can use these tactics to reduce your home loan repayment substantially.
Fri, Oct 06, 2023
Festive Season: Now the festive season is starting from the month of October, so how can we take advantage of the festive season offers in this season, and what is the right time to take a home loan?
Wed, Sep 13, 2023
RBI issues rules for returning property documents, papers will have to be returned within 30 days of full loan payment
Sun, Jun 04, 2023
Owning a home is a major goal in life for a lot of us, but factors like high real estate prices and high-interest rates on home loans can make it very difficult. So, if you’ve taken a home loan or are planning to take one, then here are some tips on how you can reduce your home loan EMIs and save money.
Thu, Jun 02, 2022
What is the solution to get rid of EMI tension? The expert Hemant Rustagi, CEO of WiseInvest Private Limited explained this in a popular TV Show Money Guru.
Thu, Feb 03, 2022
Taking a home loan is a long-term commitment. In this video, we shed light on important points that you must keep in mind before applying for a home loan.
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