Instead of shortening the tenure, if that difference of 11000 in EMI is invested in an index fund growing at 12% XIRR you get 1.1 cr corpus in 20 years that's almost equal to entire interest cost. And even if you want to close the loan in 15 years, pay the remaining principal of 43 lakhs from 56 lakhs corpus generated through SIP of 11000. You still get to keep 6-7 lakhs after deducting the LTCG tax.
Tha kyou for the good video alex sir.
Which 1 cr flat in Mumbai Bangalore or Delhi is available at 20,000 PM?
Instead of shortening the tenure, if that difference of 11000 in EMI is invested in an index fund growing at 12% XIRR you get 1.1 cr corpus in 20 years that's almost equal to entire interest cost. And even if you want to close the loan in 15 years, pay the remaining principal of 43 lakhs from 56 lakhs corpus generated through SIP of 11000. You still get to keep 6-7 lakhs after deducting the LTCG tax.
Loan rate in 8-9 % , capital appreciation is also around 9-10% so technically there no gain