No, Banks don't prefer 2 wheeler loan because of documentation process is lengthy and similar as big ticket size loan. While NBFC gives loans instantly 2 wheeler on e kyc and instant cibil basis. That's why Nbfc is winner in 2 wheeler loan.
Damm man this insights are really helpful for students like me who will join college after few months and need to figure out banking accs and loan stuff for further expenses and loan basis. Kudos to Shashank Sir ❤
Fair point. But my point is merely that, countries go through this cycle. We will also see the inequality grow worser. While those are indicators to worry for, but my point was that it is treaded path that multiple other global economies have gone through. I’d argue the real concern would be when we see policies that would make access to capital harder, as that would undo all the gains made in the last few years. Its like when the internet got traction, people were worried if everyone would lose their reality. Some did as per the fear due to overuse and abuse but overall society progressed.
@byteofprash it is not normal. You cannot say that it happens in US so it's normal. US can print how much ever dollars they want and cause an inflation in the world, but India can't.
@@byteofprashUSA has the power of dollar world's reserve currency by printing money they can sustain even cause a recession globally do India have a reserve currency
Well, this is not normal. Netherlands does not have this credit card culture. USA is not right example. USA currency is global reserve currency while Indian rupee is not even a fully convertible currency let alone a global reserve currency
Loved the explaination I think that MFI loans just don't limit to rural or tier 3 INDIA.. Can't buying an iphone on no-cost emi be considered a MFI Loan (as the ticket size is around 60-70K)
Shashank thinks no one will fact check his videos. He wanted to show Personal loans as risky hence he took the rate small finance banks and NBFC lend at 🤣🤣. He wanted a clear distinction between 9% housing loan and 10.5% Personal loan so viola he says 15% personal loan. Audience be like WOW that's risky
Actually we are helping future to grow at pace by paying more now. Interesting study would be appreciation cost comparison of houses during 2000-2010 and what was lending trend back then. Then one more graph would be for 2010-2020 for same.
RBI doesn't bail out banks, i have not heard of any good bank giving a home home with more than 75% ltv. Credit growth rate is 18 not 11 Lot of facts in this video seems incorrect
Which is why we keep our reserves in family in crypto all wealth outside India. Enjoy low cost of living in India and keep wealth outside India to avoid taxes and the guranteed loss of capital from Rupee depreciation. Swiss Franc was 70 odd in 2018 now 94. In 2008 it was 32. Even keeping money in Sensex/NIFTY is not worth it. Indians are rejoicing the Sensex/NIFTY, little do they know their money is worthless because of INR depreciation.
Hi Shashank, great analysis and well articulated video. But I am missing few points..why Indians are taking so many loans....is there any metric or data that translates how these loans have changed lives of people, resulted in flourishing MSME etc? Any additional insights on this video would have been helpful. But really liked your ending note / advise around not taking 90% or 100% of the home loan. Keep up the great work.
Money is debt. Money is created when a new loan is made. To grow the economy exponentially money has to grow exponentially that means debt has to grow exponentially. Zero debt zero money in the economy.
@@mknayak9386if not debt! Then how does the government inject new money in the economy? and the government projects funds through their revenues and debt or PPP?
The created money reduce the value of existing money thus creating inflation so, you want govt to increase inflation to numerical increase in GDP but no grassroot level development hatss off!
After seeing your video Halfway certainly something similar click in mind. Like in America The 1920 crashes the 2008 crashes all started something similar like this I hope it doesn't happen before 2035
Let u break down the answer in simple words. Business owners are having to pay high gst on their products which they are not able to sell which is forcing them to discount it. That means they are not making profits and are having to take loans to sustain. In the buyers market aspiration has become super high but they not able to afford it as they are not getting well paid due to their companies not performing well. It is like government are taking high taxes to provide more and more loans to people. Soon everyone will be in debt. As soon as the market wil crash people wil start selling assets and property market will fall as well. Japan was at a similar phase in 1980.
It's simple if your are stuck between WANT & NEED you will take loan, now days before 1 loan ends people are waiting to start second loan (its all about want). THANKS TO EMI FOR THIS WONDERFUL DISASTER.
Great video, the content and information was good and the animations and video style fitted perfectly imo, everything felt like a single piece which is mostly not the case with AI. The way you guys do it is insane.
If this is true than history will repeat it self in india the same story happend in america will happen in India so hold the stocks and have cash for this bearish time when it comes to you
Everyone troubled by job crisis' mail the western companies and ask the very tacticaly to shift their manufacturing units to India. Make them produce in india. Manufacturing industry is the only way to handle job crisis.
I am living example of a debt trap...I can share the other side of what happened when you are unable to pay your emi's...harsh reality... If you want to do a video...I am willing to be a case study.. Hope it will be helpful to save few lives... Middle Class Debt Trap - is suicide the only option
Bro do you even understand bailouts? Fed does it in US. In India, RBI doesn't do it. India is not US. Instead RBI imposed PCA framework. And many assumptions here, like in personal loans, it's not that PSBs give lower interest rates for no reason. The data is skewed towards SBI which has majority of govt employees salary accounts. And to these government salaried people, the safety is high so interest rates are low. People trust you. Be responsible.
Good analysis.. but loans are good if u understand the power of leverage.. think of car loan, its almost zero risk.. if u r not able to pay loan, the worst they can do is take back the car. obviously ur credit score goes down (but u r basically broke, so who cares lol). and if u have money in hand to buy car and if u can secure a loan for good interest rate, u can just invest the money and use the interest to pay the loan. + u get the benefit of bank security on all document verification . so loans are great , if u know what ur doing.. at the end of the day, know ur finance and dont be stupid.
@@manav4324You have heard of the Apple ecosystem you can compare it with the Apple ecosystem as it breakdown and aevy tv all came under Varun Mayya ecosystem aka ....
Am I the only one feeling the way shashank speaks is very similar to Varun Maya😃
Shashank has great videos but some videos like these are just annoying with factually incorrect information
Because the script is written is similar way
Our housing market is sounding a lot more like 2009 US housing market bubble
2007*
Good video man.. very informative, well analysed and articulated. Was insightful to me. Wish you the best ahead.
I actually have 0 loans and 0 debt, i just work a job that pays 35k per month and i make around 30k with freelance on the weekends.
No, Banks don't prefer 2 wheeler loan because of documentation process is lengthy and similar as big ticket size loan. While NBFC gives loans instantly 2 wheeler on e kyc and instant cibil basis. That's why Nbfc is winner in 2 wheeler loan.
Damm man this insights are really helpful for students like me who will join college after few months and need to figure out banking accs and loan stuff for further expenses and loan basis. Kudos to Shashank Sir ❤
This is fairly normal in a country that is moving from a $2.5K to $10k GDP Per-capita. Good content, but nothing weird or shocking with the data.
Being Normal doesn't necessarily mean it's good
See the state of people in the US for example
Fair point. But my point is merely that, countries go through this cycle. We will also see the inequality grow worser. While those are indicators to worry for, but my point was that it is treaded path that multiple other global economies have gone through. I’d argue the real concern would be when we see policies that would make access to capital harder, as that would undo all the gains made in the last few years.
Its like when the internet got traction, people were worried if everyone would lose their reality. Some did as per the fear due to overuse and abuse but overall society progressed.
@byteofprash it is not normal. You cannot say that it happens in US so it's normal. US can print how much ever dollars they want and cause an inflation in the world, but India can't.
@@byteofprashUSA has the power of dollar world's reserve currency by printing money they can sustain even cause a recession globally do India have a reserve currency
Well, this is not normal. Netherlands does not have this credit card culture. USA is not right example. USA currency is global reserve currency while Indian rupee is not even a fully convertible currency let alone a global reserve currency
Loved the explaination
I think that MFI loans just don't limit to rural or tier 3 INDIA..
Can't buying an iphone on no-cost emi be considered a MFI Loan (as the ticket size is around 60-70K)
Guys, these all for short term - as RBI wants people to take loans, India's Bad Debts are recovering and growth of sectors are there.
My credit score is good and I can get a personal loan for around 10.5% right now.
Shashank thinks no one will fact check his videos. He wanted to show Personal loans as risky hence he took the rate small finance banks and NBFC lend at 🤣🤣. He wanted a clear distinction between 9% housing loan and 10.5% Personal loan so viola he says 15% personal loan. Audience be like WOW that's risky
Actually we are helping future to grow at pace by paying more now. Interesting study would be appreciation cost comparison of houses during 2000-2010 and what was lending trend back then. Then one more graph would be for 2010-2020 for same.
RBI doesn't bail out banks, i have not heard of any good bank giving a home home with more than 75% ltv. Credit growth rate is 18 not 11
Lot of facts in this video seems incorrect
Give your motion artist a raise! Cool design and animation of graphics
It's very difficult to exit or sell a home when individual is in need of liquid money.
Which is why we keep our reserves in family in crypto all wealth outside India. Enjoy low cost of living in India and keep wealth outside India to avoid taxes and the guranteed loss of capital from Rupee depreciation. Swiss Franc was 70 odd in 2018 now 94. In 2008 it was 32. Even keeping money in Sensex/NIFTY is not worth it.
Indians are rejoicing the Sensex/NIFTY, little do they know their money is worthless because of INR depreciation.
Hi Shashank, great analysis and well articulated video. But I am missing few points..why Indians are taking so many loans....is there any metric or data that translates how these loans have changed lives of people, resulted in flourishing MSME etc? Any additional insights on this video would have been helpful. But really liked your ending note / advise around not taking 90% or 100% of the home loan. Keep up the great work.
Only 15 calls??? 🤣🤣 I used to get at least 10 calls per day until government regilated spam calls 🤣 My messages is filled with all spam/scam loans 🤣🤣
Housing market gives loan upto 30 years. Definitely it will have highest outstanding amount
Money is debt. Money is created when a new loan is made. To grow the economy exponentially money has to grow exponentially that means debt has to grow exponentially. Zero debt zero money in the economy.
Aap Kahan the gyani baba😂
@@mknayak9386if not debt! Then how does the government inject new money in the economy?
and the government projects funds through their revenues and debt or PPP?
The created money reduce the value of existing money thus creating inflation so, you want govt to increase inflation to numerical increase in GDP but no grassroot level development hatss off!
@@abhishekchougule4938 I did not say that I want it. It is the way money works.
Brilliant analysis and delivery
After seeing your video Halfway certainly something similar click in mind. Like in America The 1920 crashes the 2008 crashes all started something similar like this I hope it doesn't happen before 2035
In the TOP RETAIL LENDING PRODUCTS, why the sum of all the type of loans is ~70% only not 100% ?
Let u break down the answer in simple words. Business owners are having to pay high gst on their products which they are not able to sell which is forcing them to discount it. That means they are not making profits and are having to take loans to sustain. In the buyers market aspiration has become super high but they not able to afford it as they are not getting well paid due to their companies not performing well.
It is like government are taking high taxes to provide more and more loans to people. Soon everyone will be in debt. As soon as the market wil crash people wil start selling assets and property market will fall as well. Japan was at a similar phase in 1980.
Informative video bro🎉
It's simple if your are stuck between WANT & NEED you will take loan, now days before 1 loan ends people are waiting to start second loan (its all about want). THANKS TO EMI FOR THIS WONDERFUL DISASTER.
People are really taking too much loans for stupid stuff just to fit in . Terrible
On this video lending techs ads were there😅😂
I am taking loans from 2000.Which is as easy as today. So please make correction.
Title and content of the video are different. Title says 'why' but content is about 'how'
Video start 27:28
Varun is varun bring him back with you
How did you guys created thumbnail - I want to know the name of the AI tool used ?
Great video, the content and information was good and the animations and video style fitted perfectly imo, everything felt like a single piece which is mostly not the case with AI. The way you guys do it is insane.
Perfectly normal. Nothing extraordinary, other than micro loan apps which are mostly loan sharks and most dangerous part of the loan market.
If this is true than history will repeat it self in india the same story happend in america will happen in India so hold the stocks and have cash for this bearish time when it comes to you
Everyone troubled by job crisis' mail the western companies and ask the very tacticaly to shift their manufacturing units to India. Make them produce in india. Manufacturing industry is the only way to handle job crisis.
He just narrated the report without giving any insights. Varun do these analysis much more deeply.
1:03 it’s CRIF.. similar to CIBIL
I am living example of a debt trap...I can share the other side of what happened when you are unable to pay your emi's...harsh reality...
If you want to do a video...I am willing to be a case study..
Hope it will be helpful to save few lives...
Middle Class Debt Trap - is suicide the only option
True bhai, how many years more for you to get off the debts; koi scope hai future me? All best bhai
Personal loan is 10.5 to 11% max. in standard banks
enjoyed totally great analysis
It’s called ache din!
15 per week??? I am receiving more than 30. Per day 5.
Bro do you even understand bailouts? Fed does it in US. In India, RBI doesn't do it. India is not US. Instead RBI imposed PCA framework.
And many assumptions here, like in personal loans, it's not that PSBs give lower interest rates for no reason. The data is skewed towards SBI which has majority of govt employees salary accounts. And to these government salaried people, the safety is high so interest rates are low.
People trust you. Be responsible.
what tool can help me generate this thumbnail?
Who is others in commercially lending space that too huge
Good analysis.. but loans are good if u understand the power of leverage..
think of car loan, its almost zero risk.. if u r not able to pay loan, the worst they can do is take back the car. obviously ur credit score goes down (but u r basically broke, so who cares lol).
and if u have money in hand to buy car and if u can secure a loan for good interest rate, u can just invest the money and use the interest to pay the loan. + u get the benefit of bank security on all document verification .
so loans are great , if u know what ur doing.. at the end of the day, know ur finance and dont be stupid.
we are in middle of housing bubble
What is lakh cr?
good content !!!!
Data Source ?
Am getting more than 20 calls in a day and donno who to report. I already activated dnd
I’m sure you will shortly find DnD is of no use.
Well, Education loans aren't mentioned. 😅
You yourself are not financially responsible and teaching us 😂😂😂😂
Dear , Kindly remove that shocked modi ji' s pic from your thumbnail it is setting bad trend.....
Millions of Times
I said I have money i dont need loans
State Bank of Mysore? Bro is living in 2016!
Can i get a free Aveytv editing course pleaseeeeee
same bro 😭😭😭 cant afford
Modi guarantee!! It will added to the freebies list next time!!
Until then kindly wait
-- Chinese chat gpt(message courtesy)
What's that?
@@manav4324You have heard of the Apple ecosystem you can compare it with the Apple ecosystem as it breakdown and aevy tv all came under Varun Mayya ecosystem aka ....
what about educational loan market?
ig , it is vast than others.
Wtf is wrong with the thumbnail?
Good video but that thumbnail is the most stereotypical AI generated crap i have ever seen.
Ek din saab dubenge😂😂😂
लोन-भौकाल 😳
The AI generated imagery looks creepy AF
Buy bitcoin
Guys if you want any type of loans pin me
thank you
1000 th like
I hate hate hate hate hate loans. Never ever make the mistake of taking loan it will destroy you completely.
Housing market gives loan upto 30 years. Definitely it will have highest outstanding amount
Housing market gives loan upto 30 years. Definitely it will have highest outstanding amount