5 ways banks can fool you | Understand these home loan, credit card and FD tricks played on you

[@sunnysinha1553]

I am a banker and watching the video to know how I am fooling myself

[@arnab_bhowal]

Common man need these kind of more videos to understand the tricks of bank agents. Please make video on insurance also.

[@ETMONEY]

Hello, thanks for your encouraging words. I have noted your suggestion and will share it with the content team. Please share this video with your friends and family as well.

[@vive121]

Very informative. Thanks for bringing awareness on such topics.

[@ETMONEY]

Hello, good to know that you found the video helpful. Please share it with your friends, family and colleagues as well.

[@mohanayare]

Thankyou so much for such a informative VDO 💐😊

[@ananthuskumar1286]

Thank you, very informative.

[@ETMONEY]

Hi, nothing pleases us more than knowing that our content proved useful to our viewers. Do take out time to share it with your near and dear ones as well.

[@Nikhikshinde]

Eye opener for credit card user thanku you so much

[@ETMONEY]

Hi, glad to know that you found this video helpful. Don’t forget to share it with your friends and family.

[@AfominationTech]

What is amount/unit in withdrawal which is best and how?

[@jkjk8384]

Very informative, Thank you.

[@ETMONEY]

Hi, glad to know that you found this video helpful. Don’t forget to share it with your friends and family.

[@financialanalyst1111]

Reducing balance methods highly used in private finance firms like Bajaj Finance and Shri ram Finance

[@ETMONEY]

Hello, as a matter of fact all home-loan calculations are based on the reducing-balance method, irrespective of the financial institution. It's not understanding it that can confuse home-loan borrowers as to why their home-loan principal is not coming down in spite of paying EMIs regularly.

[@financialanalyst1111]

@ETMONEY they use it in every type of loan Vehicle loan, EMI on Electric device & Personal Loan everything.

[@ramyasri6093]

Thanks for making things so clear

[@ETMONEY]

Hello, we are happy to know that you found this video useful. Please share it with your friends and family as well and help spread the word.

[@ramyasri6093]

Please make similar videos on insurance & mutual funds also

[@ETMONEY]

Hello, I have noted your suggestion and will share it with our content team. Please share this video with your friends and family as well.

[@kaustavchattopadhyay9150]

Please make video on Mutual fund and insurance

[@adityamahajan5296]

Wonderful... good understanding

[@ETMONEY]

Hello, thanks for your kind words. Please help spread the message by sharing this video with your friends and family.

[@veerusharma1525]

Great explanation

[@ETMONEY]

Hello, we are happy to know that you found this video useful. Please share it with your friends and family as well and help spread the word.

[@subrahmanyahs1048]

We are getting duped particularly with Insurance funds

[@TestWings]

hello sir ,. as you know SEBI continuously try to control Financial influencers in various ways. what if someone wants to start its you tube channel regarding finance content creation. should he or she start or avoid this idea. and if yes kindly give your previous suggestions. thank you

[@sirius-harry]

And that's why knowing basic maths is so important !

[@ETMONEY]

Hello, absolutely. But more than that understanding how a financial product works is even more important. Oftentimes, benefits are communicated to customers but not the pitfalls.

[@VGAKarnataka]

Dear Team, ABSL Mutual is one of the largest AUM firm, most of its Active funds are literally underperforming Large, Mid, Small, Flexi, ELSS categories... What's wrong with the investing style of the firm...

[@psenthilkumar1451]

Very valuable contents

[@ETMONEY]

Hello, thanks for your kind words. Please help spread the message by sharing this video with your friends and family.

[@optimusprime4668]

Part 6.18 seems confusing, if the interest rate is increased then your Emi increases but your tenure should be the same 20 Years if i am not wrong ? We increase the Emi just to keep the tenure intact and not to increase the tenure . So how does change in interest affect tenure when EMI you are paying is based on newly increased interest rates.

[@vikashshaw8242]

Bro, in my case the tenure increased and amount remained the same.

[@ETMONEY]

Hello, when interest rates rise and the interest on your home loan rises, you have three options: increase your EMI and keep the tenure unchanged, increase your tenure and keep the EMI unchanged, and increase both the EMI and the tenure in such a way that you can afford the rise in the EMI. Also, you can think of prepaying part of your home loan. That will help reduce your home-loan tenure and save some interest outgo.

[@x_man007]

Credit card outstanding was hard❤

[@deepuvc100]

But one thing about prepayment of home loan early or at 100th month. People actually pre pay when they have money. The vedio is like suggesting better not to take loan to save interest rate... purpose not fulfilled

[@ETMONEY]

Hello, we understand that it may not be possible for everyone to prepay their home loans, in part ot in full. The idea was to discuss it as an option when the interest rates rise on your home loan. Another objective was to sensitise home-loan borrowers to the enormous difference regular prepayments can make.

[@youtubecvr9526]

Pls edit and correct audio. This voice is tooo sharp to hear.

[@surenkhalsa]

Last point is factually incorrect, imho...

[@amits2677]

Make a video on 5 ways ET Money can fool you. Please. 🌝

[@ambars5747]

Loan tenors are too high. I prefer baritones.

[@basavrajhiremath2843]

Sir... whatever you have presented has to be understood by all ..as a matter of common sense..I don't think there is any kind of juglary ( fooling).. We can be fooled by anyone who lacks basic knowledge

[@ETMONEY]

Hello, you are right and that's what we said at the start of the video as well. However, using a specific way to communicate can amount to fooling. For example, selling an FD based on its effective annualised yield can create an impression that it is more attractive than it really is.

[@mayureshnb]

The video could had a better subject line. It's a misleading subject.

[@amazingdude9042]

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