Save LAKHS while paying off LOANS! | Ankur Warikoo Hindi
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- Опубликовано: 9 фев 2024
- This video comes with notes, check here: bit.ly/3I1gjs1
Download the Excel sheet here: bit.ly/3SHjxqu
When it comes to managing your loans, the question of whether to reduce your EMI or loan tenure can be a tricky one. In this video, I provide a comprehensive approach to understanding the impact of various pre-payment strategies on your overall interest payments and loan duration.
I'll walk you through the intricacies of managing your home loan, emphasizing the significance of early and substantial pre-payments. By the end of this video, you'll have a clearer understanding of how different approaches can help you save on interest and potentially pay off your loan faster.
Don't miss out on this valuable insight into effective loan management. Join me as we explore the options and strategies that can make a significant difference in your financial journey.
#loanmanagement #homeloan #warikoo
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My gear for shooting this video:
🎥 Sony a7III camera: bit.ly/3M42wAV
🎬 Sony FE 24-70 f2.8 Lens: bit.ly/3KCCiF0
🎙 Shure SM7B Microphone: bit.ly/3O1NAVA
🔆 Fill Light 60W: bit.ly/37aJolP
💡 Key Light 150W: bit.ly/3O9nyjs
📽 Benro IT15 Tripod for Sony a7III camera: bit.ly/3O4PvJ1
Useful links:
20 books for your 20s: bit.ly/WarikooBooks
20 online courses for your 20s: bit.ly/WarikooOnlineCourses
Gadgets that I use: bit.ly/WarikooGadgets
The above links are on Amazon.
If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L and in 2022 we contributed 53L.
appreciate you a lot
Link of excel ??
Excel link??
excel link is not working
Banks will hate you for this 😂
I remember I pre-closed my “first car” loan which I took from SBI. I prepaid by any amount (whatever was possible). I didn’t do any such calculations, my simple funda was: if I cannot grow my assets by 8.5%, I will not let my liability to grow in that same rate. 😊 Young professionals are lucky as they have these videos to understand finances.
Was it paid early bro ?
u can easily grow asset by 10%
Course cancel kaise kare bhaai 😢
Loss for older one as these kind of vedios were not there earlier.
Same pinch 🤏
Nobody explains it better than Mr Warikoo. Thanks for the content. Have been learning a lot !
Thank you so much. I had been trying to understand this myself, this video will help me clear my home loan
So effortlessly and swiftly you have communicated such things deeply.. Truly appreciated and inspired.!!!!!
Today i collect some new knowledge....❤❤❤❤
Thank you sir❤❤
Thank you sir for giving valuable information. I will try to do same practice.
Ye hui na baat . Awesome calculation sir. Maza aa gaya.
Warikoo ji.. you explained it so nicely, that even a common man can understand and execute. thank you so much for all your help. This helped me plan my finance better. God bless you.. and lots of love.
love you sir for providing free financial knowledge which is necessary to each and everyone especially 20's
When I need to refer any point from your video, I can just browse and in just a second I can get what I need, don't have to wait on an ad when I'm actually in a rush. At times when ads pop-up while browsing important financial stuff, it is so annoying.
Thank you for not monetizing youtube. You are amazing.
That is why you purchase RUclips premium 😂
I was under this dark cloud and can see some light now. Thank you sir
I literally got something new to learn...and it's valuable...thank you sir
Thank you so much for making this vid with such ease of explanation. Excel sheet helped too 😃😃
Thank you so much Ankur Sir this will really help many borrowers
The way you explain the things to people is simply amazing. Simplicity is also seen the way you have been handling your followers all these years. Even a non-related person to any subject will be able to understand the video's well. On top, you also share the ❤notes❤ is simply amazing, ❤sir.
what a wonderful video. Thanks Ankur!
Important Knowledge For Every Person Who Took Loan
Thanks for uploading this video. It was very easy to understand with examples in excel.👍
I adopted this for my Second Home loan and it worked fabulous. Thanks Warikoo 👍🏻
Thank you Ankur Sir. I recently took a home-loan and this really helps me :)
Thanks you. It's a great video and very helpful tool. Loved your previous version of the tools (EMI Calculator, Payoff vs. invest). In the scenario of a home loan for under construction property, loan amount is distributed in tranches for the period of construction thereby changing the loan amount and the EMI for the first few years (2-3 yrs or so). I would love to see how can that calculation be included in the next iteration of this tool :) As always grateful to your contribution and teachings on personal finance.
That's for sharing your thoughts and wonderful finance manging skills and experience.
This was much needed. Very much useful than previous sheets. Thanks @warikoo
I have been following you sir for couple of months. And thankyou for this information
This is the kind of content that NEED to go viral.
Love the way you explained the calculations transparently and fairly. Also a big fan of channel cause of not being a sponsored channel with ads or asking for details to download sheets for use. BIG SALUTE FROM THE BOTTOM OF MY HEART SIRJI.
❤❤❤Love you, this video was really amazing. Thanks for sharing such an amazing trick
Best video for understanding, how to make loan payments efficiently ❤❤😊
I would thank you for helping me in understanding and saving some money... I saw your same video earlier... Thanks again and my best wishes with you.
Thank U a lot Sir.
I will plan accordingly
Thanks a lot🙏 for the effective explation sirji, found it very simple to understand.... We got a clearity and confidence to repay our loans by saving our heard earned money and time . And the exel file was very much usefull... Thanks again
Thank you i have already started my journey to save lacks
Thanks a million sir. This is definitely gonna help me to achieve my goal.
Thanks my home loan emi is starting frm next month and this will help me alot... Thank you
Really great helpful video. It's mind-blowing
This was very helpful! I recently made a pre-payment for my car loan and now I got to verify the maths with this Excel Sheet.
One missing parameter was that, my bank imposed an additional charge on pre-payment which was about 3% of principal. Not sure if the scenario is same for Home Loans.
That'll happen if you foreclose the loan, not on prepayments I think.
You are simply awesome…thank you for all the great work you are doing… 🙏🏻
I am looking for this type of video. And I got what I wanted to see. Thank you Sir. It is really cleared all my doubts. Now I can go for what I want to do. ❤
You made such an informative and helpful video right at time. When I am looking ways to pay off my loan as soon as possible. The biggest Q was reduce EMI vs reduce Tenure?, you solved it for me. Thanks sir.
Ankurji thank you for your simple way to explain intelligent and complex things especially about finance without losing focus and key things ....very grateful for your selfless service...😊
Very informative kudos to u
Thank you sir... For explains this content in common and better way .... Now i am going to pay pre-payment for my loan.... It id really valuable information.....
Very nice idea ... once again Thank you
Very informative
Looking forward to to take a home loan from bank and i am gonna use this formula
The key takeaways are:
a.) When "compounding" takes on with "compounding" it is only "break-even" that is left as a result.
b.) The additional EMI or increased EMI amount that we pay to the bank in the initial months is "valuable" money vs. "invaluable" or "devalued" money that we keep paying till the term ends (due to inflation).
So, it's a matter of choice what route you wish to go.
If you think you could have invested that extra (valuable) money that you've saved (by not paying to the bank in the initail months) & could have earned more "compounded" profit out of it (compared to what you would have paid to the bank), then yeah that's your call.
Otherwise, it is always a better idea to pay that money to the bank instead to close your loan early.
Nevertheless, excellent content as always! Thanks for dedicating time to record this and share with the audience!
Great explanation on confusion between pre closure of loan vs Investing that same money. 👍🏻
Can you also explain any preferred tactic on how to deal with Banks when the interest rates increase due to changes in repo rate. While I continue to add an additional monthly amount, my tenure keeps increasing increasing. My monthly EMI remains fixed.
@@anuragnigam Although, Im not very sure about it. This may vary bank to bank. But you can ask your bank to fix your interest rate by paying a fixed amount of money. Your interest then turns from floating to fixed. Additionally, the rates are expected to fall in the 3rd quarter this year, anyway. Due to various economic factors. No financial advice, though.
@@anuragnigamif your bank is private like indiabulls, shri ram finace plzz transfer that to any govt. bank . my father was also scammed by indiabulls bcoz they kept on incresing loan tenure every year.. but after transfering to pnb housing loan tenure is same from 2 years..
Thank you so much for informative video
classes.....keep it up sir! all the best !
I wish I could know such things 5Y ago when I took car loan.. I was able to repay much of it early but at its last leg.. Past is past, I will use this knowledge for quick repayment of my home loan that I'll be starting soon. Thanks Warikoo ji.
Thank you so much for such valuable information 🙏
Great video to understand how to save money on loan repayments. 🙏🏼🙏🏼👏🏼👏🏼
First time it felt like the video was super useful
Really nice work 🎉
What a simple yet GREAT content ! Specially that point when one pays extra EMI amount every next year.
Thanks Wariku sir. Sir, you are looking frail. Best of Luck.
Thank you for this knowledge content 🙂
Hi very informative video thanks for such a content
Helpful calculator. Thanks.
Superb info...thnx bro
Amazing informative video Ankur, thanks a lot for this video.
Excellent sir my mind was block good information
Easiest way to explain 👌👍
Thank you Sir for guidance
Thank you @warikoo. This excel sheet I have been looking for quite some time now. This is really very helpful.
Thanks again!! 👍
Mera download nhi ho rha plz help
I'm not able to alter any information it says Read Only option is active??
Hey sir, I really love your content especially when you demonstrate it through Excel for someone to walk through the impact. In reality, the interest rates keep on changing since loans are usually on a fixed lending rate for initial years. Can you please make a video where you share an excel trying to include floating interest rate after years, which I believe would really be really helpful.
Great video Ankur sir...
Amazing guidance sir❤
Very nice Video sir. I wish our education system teaches us this stuff which is useful in real-life instead of all the useless stuff.
I was 100% sure that after finish watching this video , there won't be any such excel link in the description .And see that's exactly it is 😄
This is such a great video and a eye-opener to save our hard-earned money from loans. Thank you tremendously for making this video and sharing the spreadsheet. :)
Wonderful Sir😊😊😊😊. Absolute help for me 🙏🙏🙏🙏🙏🙏🙏
Thankyou so much sir great video💗
Thanku so much ❤..it really helped
Thank you. But there is a prepayment charges which needs to be calculated as well.
very good learning
Thank you sir, best trick
Good job sir ,I follow u r rules.
It’s very very useful and super easy to handle. I was searching this kind of excel in internet and I was only getting calculator. Thank you @warikoo
Much needed and excellent content
Thank you so much Sir, very useful 🙏👍
Sir mind-blowing plan❤
Same thing how can reduce car loan also please make a video.
Thankyou so much sir for fantastic video.❤❤
Sir really u changed my life my loan interest reduced thanks
Thank you a lot sir your video was really helpful
Thank you so much sir it is very helpful........ as we are going to take our new house loan ❤
Thank you so much sir ❤❤❤
A perfect excel sheet to reply upon for payment strategy. Also, could share the alternative Pre-Payment Strategy sheet as well? Thank you Ankur.
Very useful thanks @
Very Helpful!
I have started my home loan recently and got a helpful video to save money in future🙌
Iske maze hi maze …
Wow brother
You rock
You guys are amezing. You saved my lakhs of money. My soulmate who shared the video to me & Amezing you. My heart is thankful for both of you. ❤
Sir you are best. I am so happy. I go your way. Mostly i m so happy. 😮😮😮
Much needed video
You saved me the efforts. I was actually making the excel. 😂😂. Thank you Ankur
Thank you so much sir for making such a wonderful and valuable content.... lot's of love from tezpur Assam
Thanks a lot sir ❤
Thank you sir aise hi video banao
Mind blowing calculation
Wow , Thank you Sir
Quick Question: Where do I get to download the best scenario excel sheet? The one that described 25 yr loan to be paid in 10 yrs only.