How I SAVED Rs. 5.6 Lacs of Home Loan Interest | Loan Interest कैसे बचाये [WITH PROOF]

[@fincalc]

More videos: SIP Calculator: kzbin.info/www/bejne/b6nOhGqqqJl-rMU Home Loan Prepayment: kzbin.info/www/bejne/opqqmJmdgtNorsk 20 Years SIP Returns: kzbin.info/www/bejne/ZmmbhGWQoJymj7c Income Tax Calculation: kzbin.info/www/bejne/o6iQlqV8qr6Vpa8 PPF Calculator: kzbin.info/www/bejne/kH_JiWOohtCVhqs

[@SauravNrai]

Awesome content

[@fincalc]

Thanks bro

[@SauravNrai]

Please make a guide on Mutual funds

[@fincalc]

Sure. Stay tuned 🙂👍

[@Rohit064]

To check if this sheet is right or wrong, just do a back calculations for intrest rate. I.e. for particular intrest amount as shown on yrs sheet (with out pre payment) find out its interest rate.....??? This will be different then we have entered in first.

[@RaJa-lj3vk]

Is there any way to track this amortization schedule keeping in mind variable interest rates at different months applicable

[@infinitex2252]

I have a query on home loan. My loan AMT is fully disbursement now. In between I have opted for conversion twice to reduce interest rate from 9 to 6.9. my query is if it is wise to increase EMI. As per many suggestions, emi can be increased which will reduce tenure drastically. But the interest component will also increase accordingly, which is what the bank may want as they wan us to pay max money initially. Or is it wise to not increase the EMI but accumulate money and do part payment so it will reduce tenure to a huge extent. Or should I do both. Which is beneficial. Your suggestion pls.

[@fincalc]

You have commented on 4 of my videos and got my attention successfully 🙂 Anyway. Yes, increasing EMI will help you reduce the tenure drastically and also total interest will be reduced. It's not true that interest increases with increase in EMI, the total interest actually decreases with the increase in EMI. Secondly, doing Prepayments will again help you to reduce overall interest and tenure as well since it reduces your total outstanding balance on loan. So doing both is the best option here. But little bit of caution here. Don't use your entire funds in increasing EMI and doing prepayments, keep some funds for your basic needs as well. So plan accordingly to set the EMI, the amount you can afford every month to pay EMI and once you have some additional funds, do regular prepayments. Use my excel calculators to plan accordingly. I hope this will be useful. Let me know if anything else is required. All the best 👍 I'll paste this on all of your other comments so people find it useful 🙂

[@Rohit064]

Sir, I think something is wrong on yours sheet

[@reloaderify]

Hello Sir, can you please let me know how to adjust home loan calculator for only partial amount disbursed by bank to builder and then remaining amount disbursed after sometime? Also, I have done some bulk amount pre-payments in between. Is there a way to take into con sideration the same?

[@dr.anoopsinghmewar3868]

Sir can I claim HRA exemption, my rent paid is less than 10 percent of my basic salary The rent I paid is less than Rs. 50000 annually. Do I need to show the rent agreement and receipts