#Variable Home Loan

How much home loan you can get with your salary? #genieefinance

Most banks won’t tell you this but you can turn Your 30-Year into a 15-Year, Saving Thousands First, check your mortgage statement, find the magic number, and pay it on the 15th! Watch your mortgage transform and your savings soar. #MortgageHack #FinancialFreedom #tulsarealestate #tulsamortgage

The Biggest Myths about Home Loans. Home loans ke baare mein itne myths hain ki confusion hona normal hai. Lekin ghar to basic need hai, toh home loan lena bhi easy hona chahiye, right? 🤔 Myths to clear ho gaye, par aapke liye sahi home loan kaise milega? No stress! That’s also @basicloans ! Toh Samajhdaar Bano, BASIC Chuno! #SamajhdaarBanoBasicChuno #BASICHomeloan #collab

0% Interest on Home Loan! 😎 So Here is the trick: Do an SIP of roughly 12% of your Monthy EMI and it will surely cover your Homeloan Interest + The SIP amount invested! Calculation: So the loan was of 30L. For 22 years. On 8.5% interest rate. Monthly EMI: 26,000 Total Interest in 22 years: 39 Lakh! (Yes thats huge) Now if you do an SIP of 15% of your monthly EMI, which is 26,000 x 15% on Index fund. (Preferably Nifty50) My SIP amount: around 4,000 (15% of 26k) Now, assuming 12% after tax returns in that investment, in 22 years I can expect around 51.8L I will invest total: 4000x12x22 = 10 Lakh (around) Home loan interest = 39Lakh. Total kharche in 25 years= 10 L + 39 L = 49 L. Which is still less than 51 L, the amount I get from the SIP. 😎 So it covers both the interest (39 L) and my extra investment of 10L over 22 Years. And MAKES MY HOME LOAN 0 INTEREST 😎 Yes this 4k might feel like extra kharcha. But trust me you're saving a way bigger chunk of money this way. ✅ Any questions? Feel free to ask. And follow @grownuptalesfor more finance hacks. ❤️ #homeloan #financetips #finance #personalfinance #moneyhacks #financialfreedom #realestate #india #hindi #grownuptales #satyajitbanerjee #loans #interestfree #bank #bankloan #personalloans #money #investment #sip #investmentadvice

An adjustable-rate mortgage is a home loan where the lender can change your interest rate. Usually, that means your rate goes up. And up. And up. So why are so many people so eager to get themselves into a variable-rate home loan? Because they’re thinking about the short term. They’re not looking at the big picture when their rate hits double digits. Or when their monthly payment soars. Or when they can’t sleep at night with that adjustable-rate mortgage looming over their head. That’s why you should get a 15-year, fixed-rate mortgage instead. Locking in your interest rate gives you the stability to plan long term and saves you money if interest rates go up.

⏳ Details👇🏻 Finish your 25-year Loan in 10 Years! A ₹50 Lakh Home Loan at 8.5% for 25 years means your EMI = ₹40K Sounds manageable? But here is the trap 👇 Year 1 Payment = ₹4.8 Lakh Interest: ₹4.2 Lakh Principal: Just ₹60,000 🤯 That is why most people stay stuck paying huge interest for decades. But with small tweaks, you can slash your loan tenure by 10–15 years and save lakhs in interest. 🔑 3 Proven Hacks: 1. Pay 1 Extra EMI every year Prepayment reduces principal directly. Tenure drops from 25 yrs → 20 yrs. 2. Increase EMI by 7.5% every year Loan tenure drops from 25 yrs → 12 yrs. 3. Do both (Extra EMI + EMI increase) Loan tenure drops from 25 yrs → 10 yrs. Imagine being debt-free 15 years earlier! ⸻ Disclaimer The information served in this video is provided on a general basis for educational purposes only. This is not to be relied on as investment, legal, tax or other advice as it does not take into account the investment objectives, financial situation or particular needs of any specific person. Follow @gaurav.mahawar.ig if you like our content. (money, wealth, personal finance, finance, investment, home loan, EMI, interest saving) #gauravmahawar What would you prefer to do with your Home Loan?

Payoff 25 Year Home Loan in 10 Years ? Follow @financebysanjay Save and Share for Later #sanjaykathuria #homeloan #debt #financebysanjay

Don’t pay double for your Home ❌ When taking a home loan, the overall cost often increases significantly due to interest. Here’s an example to better understand the concept: - House Price: ₹50 lakhs - Down Payment: ₹10 lakhs - Loan Amount: ₹40 lakhs at 8.5% interest for 20 years - Monthly EMI: ₹34,700 - Total Interest Paid in 20 Years: ₹43.31 lakhs - Total Cost of the House: ₹83 lakhs To counterbalance this interest, a simple strategy can be implemented. Start a Systematic Investment Plan (SIP) alongside your loan: - SIP Amount: 0.15% of the loan amount (₹6,000/month) - Investment Option: Index funds (average return ~14% annually) After 20 years: - Total Investment in SIP: ₹14 lakhs - Total Returns from SIP: ₹79 lakhs - Net Gain After Subtracting Investment and Interest: ₹21.69 lakhs This strategy effectively neutralizes the interest paid on the loan and creates additional wealth. So, don’t just focus on paying EMIs—plan wisely and grow your wealth simultaneously! ( home loan, investing, mutual funds, sip, stock market, share market investing ) #homeloan #bankloan #indianbank #hdfcbank #sbibank #indianrealestate #realestate #investing #mutualfunds #sip #sharemarket #stockmarketinvesting

Still paying 8.5% home loan interest? While RBI slashed the repo rate by 1% in 5 months, banks are quietly profiting. Don’t let them win. Follow these 3 steps to reduce your EMI and save lakhs. 🏡 Check fixed vs floating 📉 Repo vs MCLR 🕒 Always reduce tenure, not EMI 👉 Watch till the end and share this with someone paying a home loan!

Thinking about putting 10 to 20 percent down on a home. That might not be the smartest move. In many cases, using the minimum down payment, around 3 to 5 percent, gives you access to better loan options and competitive interest rates. It can even come with solid mortgage insurance terms. Instead of tying up extra cash upfront, keep it after closing. Then make a lump sum payment directly toward the principal. That triggers a recast, which lowers your monthly payment without refinancing. You keep your rate. You build equity faster. You reduce your payment. This is how smart buyers stay flexible and keep more control over their money. Follow for more strategies that actually move the needle.

Home Loan vs. Full Payment I am certain that you may still have some questions. Trying to answer them here. 1. What if I don't have money to pay EMIs, after doing full payment? Well, the objective of the video is to establish that loans are not bad if used wisely. It doesn't mean that you should take whatever loan possible. If you don't have money to pay EMIs, then please don't take such a big loan. Only take loans, where after paying EMIs and covering your expenses, you are still left with some money. 2. In this video you did not cover Tax on FD interest. What about that? For simplicity purpose, I have not included both Tax on FD interest and Tax savings on Home Loan payments. Also these may also vary from person to person. But even if you are in 30% tax slab, you will still make more money by doing an 8% FD, then your payment for a 8.5% loan. 3. How is this possible that a 8% FD gives more interest than a 8.5% loan? Well because in an FD, your principal increases with time and so does your interest payments - all thanks to compounding. While in a Loan, your principal decreases with time due to EMI payments, and therefore so does your interest amount. I hope I am able to answer your questions. If you still have doubts, please feel free to ask me in the comment section. Thank you for your support :)

I had a home loan from HDFC Bank and these tricks helped me in reducing my EMIs ⬇️ 1. When my loan was sanctioned, I had just started using credit card and my credit score was around 670 points. After using my credit card for 1 year, my credit score had increased to 728. Went to the bank and negotiated because of the improved credit score and voila ! Got 0.5% interest reduction there ! 2. I paid a conversion fee to the bank which is usually 0.5-1% of your outstanding loan amount. In this scheme, a borrower can reduce interest rate of their home loans in the exiting bank by paying a certain amount. I just paid Rs 2500 and got my interest lowered by almost 1%!! 3. Keep prepaying you loans whenever you can. That reduces the emi to a great extent as the interest burden is reduced when you prepay the principal amount ! 4. Refinancing a loan is a great idea when specially your bank is exorbitant and not reducing the interest rate. When you refinance a loan and get a new lender you need to check upon processing fee is not higher than 0.5% as well as interest rates, tenure are better than the exiting lender 5. A small hack that I used during my loan tenure was SWP. A systematic withdrawal plan from mutual funds investment helped me in regularly prepayments of my home loan thus substantially reducing my emi at the same time it earned interest on the mutual funds till it was invested. Have any questions? Put in the comments below and I’ll reply ⬇️ #homeloan #homeloanemi #emi #buyinghome #homebuyer #installments #homeloanhacks #interestrate #finance #financetips