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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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.
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.
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.
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, 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.
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.
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, 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.
Thu, Aug 22, 2024
Home Loan Calculator: If you take a Rs 75 lakh home loan for 20 years at 9.50 per cent annual interest rate, your estimated equated monthly instalment (EMI) will be Rs 69,910, the estimated interest will be Rs 92,78,361, and the estimated repayment amount will be Rs 1,67,78,361.
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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