Anna Oru doubt incase emi reducing balance modela iruntha for example first 3 months pay paniyachu aprm cash irukunu full time paymenet pana apavum reducing rate profitablea ilaiyaa?
Compare the interest rates of both loans. Do the calculation. If you are convinced that taking personal loan to close plot loan is profitable, you can do it. Otherwise, reduce the tenure of the plot loan or make some extra payments.
Reducing EMI has a different calculation which has same principal amount every month. Only interest amount changes every month, so does EMIs. I am in process of making new video on the topic.
Anna flat intrest la na bike vangunea. But ennoda intreast amount monthly change ahuthu. For example First month intreast amount is 1500 and last month is 650 only. Y????? Is this legal or I got fooled???
@@AnandExplains anna intha video paruga plz. Intha mari tha ennaku loan irruku ruclips.net/video/ttnRfcLlpeg/видео.html .in this video he shown his bike loan emi schedule.Intha video la first month low principal and high intreast but last month high principle and low intreast.
@@AnandExplains ok anna thanks. Now I understood. That video he was calculate by using flat intreast rate. But the bank calculate by using reducing balance.
Sorry bro. Reducing EMI is not discussed in this video. Two loan types (Flat interest loan and Reducing balance/Diminishing balance loan) are compared and discussed here. That's why, there is no reduction in EMI. Here, you get two different EMI amount for two loan types because of the calculations involved.
Brother .. I had an doubt in Montly Installement . My EMI varies from month to month, but principal paying per month is same. How to calculate this type of EMI's.
It is new type of loan (a.k.a QuickPay loan) . It is based on reducing monthly installment concept. Here, Principal amount will be kept same throughout the loan period, Monthly installment and Interest amount vary accordingly. It is hard to explain the calculation here. I will make a new video on the topic soon.
good explanation ,but flat interest rate less,reducing interest rate is more so the bank calculation both interest same.
bro pls reducing emi calculation Solli kudunga Excel la PMT format pottu sollirukinga excel ilama normal ah epdi calculation epdi pannanum bro
Great. Emadhu kuzhappam theerndhathu. Tq.
Sir nama idaila preclose pandra mathiri iruntha flat itntrest best nu ninaiken
Overdue only ₹ 39 rupees இருந்தது பணத்தை கட்டி விட்டேன். எத்தனை நாட்கள் கழித்து இந்த பணம் சிவில் ரிப்போர்ட்டில் இருந்து மறையும்
Super, oru doubt. How 0.83% for monthly interest rate is calculated in reducing balance method? Pls explain bro. 🙏
ruclips.net/video/KFe-CdGS_7s/видео.html
Indha video'la explain panneerukken. Please check out.
Anna Oru doubt incase emi reducing balance modela iruntha for example first 3 months pay paniyachu aprm cash irukunu full time paymenet pana apavum reducing rate profitablea ilaiyaa?
நல்ல தமிழ் உச்சரிப்பு
Manapuram finance la flat interest or.reducing methods
If I am getting flat rate and same another equal email reducing rate
example flat 4 and reducing 8
Same emi amount which one choose
Super explanation.more videos upload ji
Good explanation sir,I received plot loan but tenure 10 yrs . can I approach personal loan 5 yrs to close plot loan sir please tell me
Compare the interest rates of both loans. Do the calculation. If you are convinced that taking personal loan to close plot loan is profitable, you can do it. Otherwise, reduce the tenure of the plot loan or make some extra payments.
Good job.. Congratulations
Sbi bank personal loan la floating intrest rate la calculation epdi செய்றது. Please reply
Please use this link to calculate floating interest loan: 1drv.ms/x/s!AqsYJ-VmY-g5u30zIk84A6739oy-?e=p4pBks
Thanks sir
Sir
Loan Amount 135000
Interest 14.45 pa
Tenure 30 months
135000×14.45%=19507
19507×30=585225
585225÷12=48768 it's correct or wrong sir
It is correct for flat-interest calculation.
nice video good job..
Arumai sir
Arumai...
good explanation
In Sri Lanka for reducing balance method you won’t pay same EMI .. initially you pay more EMI and then gradually EMI will be reduced. Why is that ?
Reducing EMI has a different calculation which has same principal amount every month. Only interest amount changes every month, so does EMIs. I am in process of making new video on the topic.
Please check this video: ruclips.net/video/3kLkjukZ1LM/видео.html
Bro bank la entha type la kudukuranga reducing or flat
Bank'la perunbalum reducing balance thaan kuduppaanga.
Great job thanks
Anna flat intrest la na bike vangunea. But ennoda intreast amount monthly change ahuthu. For example First month intreast amount is 1500 and last month is 650 only. Y?????
Is this legal or I got fooled???
Interest amount monthly change aachuna. Athu reducing balance loan'a than irukum. Loan details ennanu sonna, namma calculate panni pakalam. (Loan amount, EMI amount, Months, & Interest rate.)
@@AnandExplains anna intha video paruga plz. Intha mari tha ennaku loan irruku ruclips.net/video/ttnRfcLlpeg/видео.html .in this video he shown his bike loan emi schedule.Intha video la first month low principal and high intreast but last month high principle and low intreast.
@@vigneshg129 Okay. Ithu Reducing balance loan thaan. Inga interest rate fixed. Interest amount monthly yen kuraiyudhunu indha video-la clear-a explain panniruken.
ruclips.net/video/KFe-CdGS_7s/видео.html
Indha videova fulla paaru, ithu yepdi calculate aaguthunnu oru idea kidaikum.
@@AnandExplains ok anna thanks. Now I understood. That video he was calculate by using flat intreast rate. But the bank calculate by using reducing balance.
@@vigneshg129 Yes. You got it. Good!
Superb bro
Flat interest vs floating interest ethu best
Athu floating interest rate maaruvadhai porutthadhu.
Weekly podunga
Calculator poda mudiyuma sir
Calculator link is in the description.
Good pa
i cant understand bro bcz reducing emi means , that emi will be reducing, but in your chart emi not get reducing, please explain
Sorry bro. Reducing EMI is not discussed in this video. Two loan types (Flat interest loan and Reducing balance/Diminishing balance loan) are compared and discussed here. That's why, there is no reduction in EMI. Here, you get two different EMI amount for two loan types because of the calculations involved.
@@AnandExplains ok bro thanks for your valuable reply
@@AnandExplains diminishing na enna bro please reply
@@yuvarajyuvi9182 Diminishing/Reducing na... unga loan'oda interest amount monthly reduce aakite varum. Yenna, ovvuru masamum loan balance amount ku thaan interest calculate pannuvanga... Indha video'la, 03:50, vara table'la yellow column kavunicha ungaluku puriyum.
@@AnandExplains full video paathan bro aana purinjuka mudilla bro
Thanks bro..
What about inflation?
Thanks bro
Rate of interest - 6% in Flat loan
Rate of interest - 8% in Reducing balance
In these both which will be better bro ?
8% Reducing balance is better than 6% flat loan.
Eg: ₹1,00,000 loan, 10 years tenure.
Total loan payment,
Reducing balance (8%) = ₹1,45,593/-
Flat loan (6%) = ₹1,60,000/-
Super bro😍.... I need your assistance bro... How I contact you bro
Super explanation sir
Nailed it
Floating interest enna bro
Floating interest na loan period'la interest rate maarikite irukum. Fixed interest na loan period mulukka oru interest rate thaan irukum.
🎉😊
Broken period interest????
Brother .. I had an doubt in Montly Installement . My EMI varies from month to month, but principal paying per month is same. How to calculate this type of EMI's.
It is new type of loan (a.k.a QuickPay loan) . It is based on reducing monthly installment concept. Here, Principal amount will be kept same throughout the loan period, Monthly installment and Interest amount vary accordingly. It is hard to explain the calculation here. I will make a new video on the topic soon.
Please watch this video for the information: ruclips.net/video/3kLkjukZ1LM/видео.html
👍👍👍👍💯💯💯💯
ரொம்ப Speeda poitinga....
நன்றி! அடுத்து வரும் பதிவுகளில் வேகத்தை குறைத்து பதிவிடுகிறேன்.
6 video varaikum paatha bro .. enakku puriyuthu but intha video la neenga konjam speed ah explain panna maari irukku
Unga support'ku nandri brother. Yes, inga konjam vegama sollitean, ini varum pathivugal nidhanama irukkum.
Ok brother
0.83% how come kindly explain
Annual interest rate = 10%
Monthly interest rate = 10%/12 = 0.83%