எப்படி உங்கள் Home Loan-ஐ பாதியாய் குறைப்பது? 5 Super Tips to repay Home Loan Faster |Sathish Kumar
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- Опубликовано: 31 мар 2023
- #homeloan #emi #homeloanemi #homeloanrepay #emirepay #homeloanrepay #sathishspeaks
Here in this video you got this answer for the following questions below
How to repay loans quickly?
How to reduce interest on loans?
How does prepayment of loans work?
How can I pay my home loan faster?
How to pay off home loan in 3 years?
How can I reduce my home loan tenure?
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To invest in SIP & in Mutual Funds Click the link and start your investments instantly
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1. Increase Your Down Payment
The RBI only allows lenders to provide easy home loans that cover 70%-80% of the property cost, with the borrower financing the remainder as a down payment.
If you make a larger down payment on your home loan, your principal loan amount will decrease, as will the interest on your EMI payments. Furthermore, a larger down payment improves your home loan eligibility and chances of loan approval by lowering your lending risk.
2. Select an Overdraft Facility
Consider adding an overdraft facility to your home loan account if you have a consistent income surplus. You can deposit any surplus accounts in the account along with the regular EMI amount. The deposit will serve as a pre-payment toward the principal amount as long as it remains in the home loan account.
As you make additional payments to your home loan account, the overall principal amount decreases, as does the interest charged and the home loan tenure.
3. Increase Your EMI Payments
Paying more than the stipulated EMIs is an easy way to reduce your maximum tenure for a home loan and, thus, your interest cost. You can reduce your debt burden by applying the excess funds to the additional home loan EMI payment.
You can pay more EMIs than are required each year - a 5% increase can significantly reduce the home loan tenure and the interest outgo.
4. Consider Pre/Part-Payments
If you have a surplus, you can make pre or part-payments on your mortgage if your lender allows it - some lenders charge a penalty for principal pre-payment. You can reduce the home loan tenure by reducing the outstanding amount and the interest outgo on the EMI payments.
6. Home Loan Transfer
A balance transfer involves the transfer of your outstanding home loan balance from your current lender to a new lender, usually for lower interest rates. You can, however, choose a balance transfer to shorten the maximum tenure for a home loan while maintaining the exact EMI amount. If unsure, use a home loan EMI calculator to calculate your new EMI.
The following factors typically determine a balance transfer:
The difference in home loan interest rates offered by the old and new lenders
The unpaid principal amount
The remaining home loan term
Undoubtedly, shortening the term of a house loan can reduce the overall cost of borrowing by lowering the interest outlay on the EMI payment. So, before applying for a home loan online, look for a suitable tenure.
7. Refinancing a Loan
Yes, loan refinancing can help you shorten the term of your loan. When you switch to a new institution, you have the opportunity to negotiate better loan terms, including restructuring the loan's repayment duration to better suit your financial goals.
Transferring the loan to a new lender and negotiating the terms is one of the best ways to reduce the loan tenure.
There are few delays because of this loan's quick loan processing protocols. To get started and take advantage of all the benefits available, apply online by providing basic information.
Good suggestions brother
Thank you
Excellent suggestion and thanks.
You are most welcome
மிக அருமையான தெளிவான விளக்கங்கள்.மிக்க நன்றி.
Welcome
Excellent advice sir, thank you
So nice of you
Super sir thank you
Welcome Chitra
Hairstyle super❤❤
👍
தெளிவா சொல்லிருக்கிங்க சார்.... நன்றி சார்....
Welcome
Nice
Thanks
Very informative 👏 👌
So nice of you - Thank you
Superb 🎉
Thank you! Cheers!
Super bro
Thank you
Hi bro , short or long term which is good for home loan ? If the person manage to pay 1lak monthly emi …?? Wats your opinion? Pls share
Dont take home loan, unless it is top priority for you
நன்றி தாத்தா. அது பயனுள்ள தகவல்.
Super sir
Welcome
Sir Pnb hfl la loan eduthirukom edukkumpothu 28 years tenure ippo 34 years ayiruchu.ippo en salary um 10 thousand increase ahiruku.tenure ah kammi panni emi ah kutrathu nallatha ?illa ethavathu savings la pottu varathu nallatha? Please guide me sir
I have explained the same in my video - Did you watch my video?
Sir, What if I pay both 13th EMI + 5% principal in a year. Does bank accepts both?
Yes - You can.
Sir bnp finance home loan la loan vangi irukom, interest 10.75 la irunthu 13.75 iruku, emi 3000 athigama katrom, tenure athigama airuchu sir, kami pana mudiuma, pls ethavathu solution solungale sikiram katta,
Pls prepay the loan ASAP
😮
Iam loan payment six years after 5 additional EMI paying any useful for this one
Okay
Plz sir
Can you tell how to close housing loan,10 years over
But how to close any tips
Watch the video and follow my actionables
Sir u said 4 choices ,which one is best
All 4 are good ones - You can decide
சார் 50லட்சம் லோன் எடுத்தால் 10 வருஷத்துக்கு 25 லட்சம் அதிகம் கட்ட வேண்டி உள்ளது 25 லட்சம் 15லட்சமாக குறைய வழி சொல்லுங்கள்
Pls avoid taking loans
@@Sathish_Speaks_hahaha
One year ku 13 EMI soninga sethu 2 ,3 EMI katalama niga soldra Ella choice s su Ella loan companies ku applicable la sir
Are you paying 13 EMI's? I dont understand your query
Sir may i pay choice 1 and 2
Watch the video again and choose what is suitable for you
5 month emi than extra katta mudium,oru masam rendu masam ellam mudiyathunu sollranga ithu unmaiya sir.
It is possible for prepayment - Check with Home loan borrower
அட்வைஸ் கொடுப்பது மிக எளிது. நடைமுறையில் சாத்தியமானது என்பது வேறு. அதனால் தான் பலர் வீட்டு கடனை வாங்கிவிட்டு தவிக்கிறார்கள். நல்ல வருமானம் பெறுபவர் கூட எதிர்பாராத பல சூழல்கள் காரணமாக தவிக்கிறார்.
Agreed. Behaviour & Emotions will never allow you to take common sense decision.
Sir naa fivestar loan vakineen 325000amount 84qut indarsh 24.54% rpi 8.4naa offile keda andhamari ellenu sollurage
Pls connect with Customer Care else pls submit a complaint with RBI
Monthly 10% pay pannunga one yearla loan mudichuralam apadithana pro😢😢😢😢
Pls watch the video
Last 2 year mutual return -12%
Then why they are promoting mutual fund scheme
is it available in IDFC bank_personal loan
Hopefully - Yes
Intrest decrease panna bank ku call panna intrest decrease panna fees ketkuranga...
Yes......True
Sir naan 5 லட்சம் loan eaduthurukkan 10 year 10 லட்சம் kattasoldranga ok va sir
Check with your bank, check Rate of Interest
Every month 1 emi katalama sir, benefit irukuma sir
You can increase your EMI - It is possible
அண்ணா 20 லட்சம் home loan வாங்குற எனக்கு மாச சம்பளம் 30,000 லோன் அமௌன்ட் மாசம் எவ்வளவு வரும்
Pls check EMI Calculator
சார் நீங்க சொல்லும் இந்த வழிமுறை எல்லாம் தனியார் பைனான்ஸ் நிறுவனத்திலும் உண்டா ? சோழமண்டலம் பைனான்ஸ், மணப்புரம் பைனான்ஸ் , ஈக்குவாட்டி பைனான்ஸ் ல வாங்கிய வீட்டு அடமான கடனையும்
கடன் காலத்தையம் குறைக்கலாமா ? சார்
Mudiyum
ஆனால் வட்டி குறையாதே
yes
Sir i took 39L loan for 15 yrsand paying 39000 every month. If pay one extra emi every month how it would help me sir. Will the tenure will be reduced by doing this
Yes.....
Sir WhatsApp group Full
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Good afternoon sir.
In what way we approach the bank to pay one extra emi. Nut in hdfc bank they told there is not like that method. So please send me your advice and your contact number to clarify my doubts
78100 79946