I Want To Close My Loan ft. CA Rachana Ranade

[@saigupta27]

You can clearly tell they're CA s and not actors 🤣🤣

[@colincoelho7968]

True

[@lakshmihegde9205]

They are giving useful info in an interesting way. Who cares if they are not actors.

[@happyme3930]

@@lakshmihegde9205 hello he is saying that their are bad actor

[@lakshmihegde9205]

@@happyme3930 I know! thats why I said who cares if they are not actors as long as they give useful info.

[@subwaymusic69]

@@lakshmihegde9205 👋 hi

[@Sureshpatel7504]

They are not only finance advisor but actors too 🤩

[@FinanceW-Sha]

Reach me with 👆👆the what'sap line above for more information, guidance and consultation. Thanks for the feedback..

[@adimulamtrinadhrao4191]

Yes correct

[@fireheart1026]

They aren't finance advisors you shouldn't be taking advice from them

[@Jeffersonmcknight-vp3lb]

Exceptional service, *911 Mike Help* exceeded expectations in every aspect.

[@BrainMolme]

Thanks I love them too and they really have unparalleled quality, a service.

[@vikranthkanumuru8900]

That "I wish" really hits 😭

[@voicevy3210]

lol don't go by this logic 😂, point 1 bank interest loans are cheap, 2. people take loan to invest but not to pay the bank back. 3. rupee is a depreciating asset the amount you pay now is much more valuable than the total amount you pay to banks

[@praveenm6204]

My dear Bharathvasi... Everything comes at a price, are you ok with a car parked before your house with Jelatin sticks, that too by the top city cop Are you fine with facing death threats asking for money... 😊 Please google these things.. Middle class life might have issues only if we don't know to handle our finances well 😊 or else it's the best ☺☺☺

[@Its_SaberHG]

Stop saying it's "cringe" Who cares, they're trying to teach you something. I'm glad I watched it, because now I know how to handle loans more than I did 2 minutes ago

[@GONEPower]

Exactly

[@StoicGod]

Bro its a dumb idea to prepay loan instead you should invest that money on much higher returns. Even the safest mutual funds give 12% and you can even lend money to someone else for like 36% or more. So it taught you wrong

[@StoicGod]

@cs student bs yhi tum maat kha gye bhai. 1 2 lakh ki bat nhi mindset ki bat he ek businessman samajhdar hita he tumhare jesa nahi. Uski shanti uske business me he. Vrna ese logo ki vajah se india aj bhi gareeb he. Ye gareebo wali soch ko goli maro. True peace can only be achived when you rest in peace.

[@StoicGod]

@cs student esa tumne kab bola. Ap palat the ho 😁😂😂

[@StoicGod]

@cs student itna sb likhne ka tym he 😂 bs pakda gye tum bhai. Palatgye tum

[@sanode7501]

Why people calling it overacting? I just fell in love with her energy. U people can't match her humor so stop judging

[@Bikram11822]

Depends on how much drama one can tolerate .ya these guys put good effort. ...

[@Khadebol]

Looks like most of the audience are here vo Bobbie and ass contents. . . . But this performance is full of energy we should appreciate it

[@crazimathx4905]

No one's judge in a bad way dude.....all are loving it

[@calamity3224]

Ikr

[@Yash9278]

@@Bikram11822 True. 😂

[@tej_9963]

"cringe" "overacting" To all the humour and acting experts here,you do realise that this video's not a movie and just for information right?

[@srivignesh3643]

Yes we do. But its still cringe and overacting.

[@xsamichirz4854]

Stfu tryna act all tough you just batshit crazy

[@lakshmihegde9205]

@@srivignesh3643 yes but always try to see the good part anything. Ignore which is not required for you.

[@srivignesh3643]

@@lakshmihegde9205 then you should've ignored our comments on their cringe and overacting 😂😂 hypocrite

[@lakshmihegde9205]

@@srivignesh3643 it's ok they are not trained or professional actors ..they are just trying to give info. Just chill

[@Rhakesh_]

Her acting is outstanding. I don’t know why people overacting in comments. 😂

[@srivignesh3643]

Yes it's out standing 🤦

[@kingsupreme1532]

It's outstanding because of overacting

[@Inquisitive_Nomad]

@@kingsupreme1532 then u should have skipped it and saved ur time and wouldn't waste our time too

[@priyadarshiniMG]

😀😀👏👏

[@ratnakararumugam2582]

havent seen so much energy in one video in quite a long time. this is actually better than bolly/kolly/tolly wood short videos.

[@rahullangal2]

First time hearing a 5 lakh bonus 😂

[@pankajrochani1078]

You gotta get a good job then.

[@Learner945]

Lot of people get it

[@ratnakararumugam2582]

get a research scientist position in univ like Gitam Amrita. for one or two good journals they pay you 5L. if u do 5 journals.....think a about it!

[@easowmathai7625]

Maybe she won a lottery and just said bonus by accident.

[@NikSy]

Yes peopel get it i know

[@mohomedarshad9045]

First time I am watching this type of practically act theory concepts. Great

[@common_man256]

For corporate financial fraudsters, govt waive off loan and interests but for common people, they charge % for prepayment….worst rules

[@vishwanathkadalagi2336]

This was the crossover we needed. I was so happy to see them both make this short together

[@demoman5864]

Idk why but the accent and enthusiasm makes me smile

[@varshatripathiofficial]

Love you guys !! Such helpful vdoz❤👏

[@fadingintoelements4024]

I've been looking to educate myself on this finance and stuff in an easy way because I find it a little hard. Thank you for these videos. 🥺

[@chetank130]

The colab we were waiting for😁😁🤘

[@dhruvsaxenadstar]

Overacting ke ५०₹ काट लेना

[@noitpursid6190]

Neha Nagar zyada overacting karti hai

[@SharkFishSF]

Haa 😂😂

[@Saksm16]

@@noitpursid6190 ni toh

[@kunalvarjani]

They are not actor's they are doing there best to make it entertaining

[@dhruvsaxenadstar]

@@kunalvarjani I ain't politician, I like their videos, it's just to entertain the comment viewers 😂

[@raghavendersirivore]

It’s like a crossover. Like Thor and wonder woman. Love it!!!!

[@RKGPB6689]

As a bankers I speak for my fellow brothers and sisters that we don't care if you pre pay your loan . It's better than napa and stressed assets. And also it is a basic COMMON SENSE.

[@251084praji]

Oho... What a combo 😜❤️❤️❤️ my 2 favs.. follow my man and woman 😂

[@SurajJhunjhunwala]

You also need to consider principle amount while discounting as in prepayment you pay now but as per normal term you will pay principle later

[@y4ip2288]

Nice info.. Namaskaram 🙏🏼 From Andhra

[@meghachavan8864]

It's good that you have brought the gambling played by banks and financial firms.People should realize this.It even extends the agony even after you reach the safe levels of repayment.

[@KunjveerYadav]

CA is their profession, acting is their passion, and when passion meet profession perfection is achieved.🙌🙌✨️✨️❤❤

[@brpawankumariyengar4227]

My two favourite people in one video … Awesome …. Loved it 🥰

[@utkarshsingh2457]

No fluff, just info with explanation...very nice....keep this work up, you are helping a lot.

[@itsmanasK]

I'm hearing this "Penalty for Pre-payment" for the first time 😂 Edit: Ok guys, some banks charge it, some don't. It's just that *I personally* wasn't aware about it.

[@abidjaha9927]

I guess few bank have this penalty thing. I recently cleared my personal loan in sbi they didn't charge me any penalty

[@PrashantPatil-lz4et]

Penalty is generally charged when prepayment of fixed interest rate loan. For variable interest rate (based on repo rate) loan, penalty is generally not applicable Any bank

[@uppadaavinash3338]

Usually private banks have this policy of preclosure charges

[@BuyGyan]

HDFC have this . I paid

[@ragnarok9127]

@@abidjaha9927 Before 1 year, SBI also charges penalty. After one year of loan, there is no charge

[@jeetkalag2457]

I love both of y'all energy & accent used..subscribed & liked...keep them coming..God bless

[@drravibhushan8176]

Be aware that no bank can charge prepayment penalty if the payment is done from the SB account

[@pradeepskandan666]

Yes correct there is an RBI notification to this effect. It says that for individual pre closure charges are invalid and cannot be imposed. But for companies it is possible

[@RahulWala]

Does this apply to education loan too if I took it from NBFC?

[@johnyuky7499]

I took a two wheeler loan from HDFC but now I want to foreclose it.. how to avoid the pre close charge?

[@vkasshu]

@@johnyuky7499 Call your customer support and ask them if you can get a waiver if you prepay with your own money

[@Foodfashion22]

Sir recently i have taken personal loan last month but i want to prepay all amount but they are asking penalty of 56k on 16 lakh loan .

[@OneStory_A-Day]

waiting for the end..and its both ..what an ending 👏 👏 nice collab 👌

[@sabyasachi16th]

Or dont take loan frm private bank. Psu bank mostly dont charge pre payment penalty. 🤷🏻‍♂️

[@9883243746]

Exactly

[@abidjaha9927]

Yes

[@prithvisinghpanwar007]

sharan once said put money in mutual funds and repay loan with intrest u get from mutual funds and now saying pre pay the loan

[@navneetkaur8572]

Thank you somebody in our India is also making sensefull videos❤

[@karthikeyana35]

True instead of crap experiments and dance videos.. this is gold

[@analysingunseen4534]

The last scene of paper throwing seems similar to Allu Arjun throwing flowers in SRAINODU MOVIE while meeting the MLA madam.

[@amoghsonawane5331]

This guy's accent freaks me out 🤒😵😵

[@paulvarghese143]

It's not completely true..better to close loan automatically on maturity

[@nithinr661]

@babushka 👀 pls help me

[@ilovepiper666]

She's a friend of our economics teacher, she talks great things about her at lengths and she's (CA Rachana) also given us a guest lecture and believe me she's GREAT! She had a young crowd of college going people in awe, so just let your imagination allow you to imagine how great the lecture went.

[@SK-ut7sp]

My name also sharan & iam also currently pursuing ca😂 i hope one day i will be like you bro😎🔥

[@heal4066]

Be unique!!

[@SK-ut7sp]

@@heal4066 👍

[@Moon-gd4nn]

I love her 'I wish' ...Rachna Ranade ROCKS !

[@kvlmehta]

Recently, I took a home loan from HDFC bank and they mentioned that the bank doesn't charge anything while pre-paying the loan. Need your clarification on this.

[@SuperDeepesh]

Banks are liars

[@MINATOYELLOWFLSH2005]

There is no pre pay charges.

[@anand-joshi]

It's not for Home Loan. Penalty is mostly for Personal Loan.

[@MINATOYELLOWFLSH2005]

@@anand-joshi also not for personal loans.

[@sandeepca2087]

As per RBI guidelines there is no pre closure charges for loan, after 6 month you can close your loan at anytime.. Thank me later

[@chandrashekarmamtora1757]

Good work, you are educating ordinary persons,who end up paying more than what they get

[@vidyadhardeodhar1174]

Omg… there’s a world where people wanna prepay loans, and there’s another world where people wanna take longest loans because of low interest rates !

[@nareshtechnocrat5282]

because of low emi. Not interest bcoz it remains the same but with longer term, emi amount comes down

[@akshayshekar2274]

True many don't understand why not take the amount and earn more than the interest charged by banks Instead of repayment of loan it should be find ways to earn interest more than the loan

[@TheKing-19]

@@akshayshekar2274 how

[@thepriyanka100]

oh look at this...surprise,good cambo ha...full of energy,thumbs up.

[@ManoharaMaheshwarappa]

Dude, In case of Personal Loan banks would have taken interest in the initial years right? You would be paying ur principal amount during later years of the tenure. Why do u want to pay penalty to repay ur principal amount?

[@vamshi8694]

Unlike Long term loans such as home loans/mortgage loans, loan tenure for a typical personal loan is less.. Interest percentage/part in EMIs of personal loans may not be that huge in the initial years a compared to loan term loans as most of the PLs has max tenure of 60 months only..

[@abidjaha9927]

No nothing like that interest is taken every month from the amount deducted. Like I took 7.5 lakhs 4 years ago every month I used to pay 14500 in which 7000 was interest and the remaining 7500 was principal. Gradually interest decreases. Like when my principal amount was 3lakhs from 14500 only 3000 was interest and remaining 11500 was my principal.

[@carahulraj6920]

In short term loan , situation will be different

[@pritam1047]

@@abidjaha9927 from where you had taken the loan ?

[@abidjaha9927]

@@pritam1047 sbi in andhra pradesh

[@anandkrishna8851]

Feels good that they have collaborated, thanks both for giving useful and real world examples .

[@angryzombie3316]

Cringe 😬

[@explorerssss]

Shut up she's cute

[@isshoxd]

@@explorerssss lol

[@ajay2552]

@@explorerssss simp detected, opinion rejected

[@Terahydron]

@@ajay2552 ye bhadiya tha

[@vedantpawaskar9645]

Watch pogo

[@myself_pritamsahu_2979]

Okay this was not expected ❤💯loved it

[@gagankhattar357]

Madam, you should know that personal loans are floating rate loans these days. And RBI has prohibited levying prepayment penalty on floating rate loans to individuals other than for business.

[@ashutoshsingh2669]

I was also thinking same...

[@Abc13223]

Prepayment penalty is not applicable only for housing loans. For personal loans it is still applicable.

[@gagankhattar357]

Please refer RBI circular on Levy of foreclosure charges on floating rate term loans dated 02.08.2019

[@Abc13223]

@@gagankhattar357 pl read the circular again. It very clearly states as follows - 'It is clarified that NBFC's shall not charge foreclosure charges/pre payment penalties on any floating rate term loan sanctioned for purposes other than business.....' This mean that only NBFCs cannot charge prepayment penalties. Banks will continue to charge. The rule was applicable for NBFCs only.

[@gagankhattar357]

The circular no. RBI/2019-20/29 addressed to all SCBs, all Small Finance Banks and All Local Area Banks reads as follows : "...it is clarified that banks shall not charge foreclosure charges/ pre payment penalties on any floating rate term loan.." I humbly request that my intent is not to engage in unnecessary trading of words but to let the consumers have correct picture of what to expect.

[@EL-ws5vc]

All private banks are charging 30% penalty

[@prabhdeepsingh1362]

I consider prepaying the loans a disaster, let me explain how For ex you took a loan of 5 lakh for 5 years and suppose the interest on that loan is 50,000/- now after 3 years u think to repay that loan but at that time u will realise that out of that 50,000 around 45,000 of the interest payment is already taken by the bank and now out of the remaining 2 lakhs only 5,000 will be discounted from the principal. Then why would you prepay the loan amount when you have already paid most of the interest !! hun??

[@shaikshafi1501]

Same question 😜 here, why??

[@dhananjaygaikwad2151]

Correct

[@littleheart598]

Bcz repo rate incresed in my case

[@TheKing-19]

So ideally if it's a 2 years of loan , when should we prepay

[@lekhanair7809]

Exactly. Also taking inflation into account it's a stupid idea in a long run, I guess. Suppose you took 15 years home loan and monthly EMI is 20k. At 2023 , 20k is a good amount, but 10 years down the line 20k won't be such a big amount. Also no point of closing it when you have paid most of the interest in the first couple of years, as you said. No offence and I am not a ninja in finance, but I don't know what she computed as "saving interest" when 90-95% of interest is already paid for in the first year itself.

[@deepthikamal]

Nice collab.. No competition.. Glad to see 🙂

[@shivamraul3042]

"Muaahahaha" is missing

[@KetanKatkar]

Quick knowledge.... Keep doing this... Thank You!!!

[@saurav8204]

It foolishness as the most of the interest is paid in first two years only. It’s better to invest that money in FD and earn the interest or invest in share market

[@Abc13223]

Do u even have a slightest idea to understand which interest rates are higher? The lending interest rates are always higher than the interest rates are paid for deposits. So, do ur math properly before blabbering here

[@abhilashkumar8098]

😂😂😂 I wish ..dialogue was superb😂😅

[@ashoktangudu4277]

How to calculate the discounted value of the interest payable for remainder of the loan tenure? Please help sir

[@reverseflash2203]

PV = FV / (1+r) raised to N

[@Mani-cc5lo]

There is a formula in Excel to find out PV

[@nazz5204]

What a promotion? What a collaboration? Its creative acting skills

[@dhianjotsingh3768]

The "dont recommend channel" button looking useful

[@Shrey_Vijay]

Good for you

[@aymananh]

I was in the same situation but only with 3-4 months tenure left. I dint opt for prepaying or rather early close since the duration is less. If only I had got a big fat bonus right at the month of lock in period completion.

[@AADIBAWA]

SAMAJH ME NI AAYA PAR SUN KAR ACHHA LAGA

[@SunandanLeleCricket]

Too good Maitrin 😳😂

[@anisskcreativepirate]

I had taken the loan of Rs.3L for 3 years tenure. The bank took initial EMIs as interest of 3 years in advance then the principal amount started to reduce. So basically They took the interest for 3 years in advance, will it still make sense to prepay the loan?

[@Sayali.Sawant]

Nope. If all the interest is being taken from you then it doesn't make any sense to repay the loan. Rather than that invest the additional money somewhere and repay your pending amount in EMIs

[@Pixiefairy783]

you do have to repay the amount, minus the interests, why wouldn't you have to repay the rest? if you are going to repay the rest in emis then again i guess they will take interests on them, so its double the profit for the bank..i dont know what i am speaking but i think i am right, idk lol

[@karthikprabhub6048]

U understand how emis work?

[@anisskcreativepirate]

@@Sayali.Sawant Right!

[@anisskcreativepirate]

@@Pixiefairy783 Hahahahaha!

[@anujakulkarni259]

Fav collabbb!! 😍😍😍😍

[@divyanshpandey1054]

Thalaiva 🤣🔥

[@leenabarhate4181]

❤❤❤Thank you Dear for this important information, Stay Blessed

[@ibrahimdua]

Overacting band karo

[@arnavparihar3137]

Kam se kam kuch info de rhe hai Aapp jaise nalle logo ki tarah fatu comment toh nhi dete honge

[@shadestorm3995]

zyada critique ka choda na bano jo samjha raha hai wo samjho

[@ohapdiya.2095]

Such bank owners n officers got offended

[@pokemonaruto1984]

Tell it to Salman bhoi, SrFlopK and intolerantaameer

[@manan-543]

Bollywood pura bhara hua hai overacting se. Vaha bolne ki aukaat nahi hai

[@prachibakshi]

Thank god, I have these two to educate me on this..I have been scammed so much by these bank employees

[@haaku8991]

Capital Budgeting be like: mere se hi sikha heh sab

[@aishwaryasoni1542]

Hahahha present value waale question kar karke pagal hogaye. Ab to yeh sab mazak hi lagta hai.

[@haaku8991]

@@aishwaryasoni1542 haha that’s what we CA’s do

[@bhanua4858]

Very useful information. Post more videos like this which reveals bankers secrets 👌👍

[@rishabhsethi29]

Wrong information. Charging prepayment charges is in violation of RBI guidelines

[@deepakkappera2346]

No. Pre pament is a kind of financial indiscipline and is chargable.

[@kashyapdavare3699]

Both are the best Advisor in one video. Great to see you both.

[@soumitrarai7614]

Hello sir, I have seen your apple products discount videos. I want you to make a similar video on Bose . I had bought their earphones around 18 months ago. As soon as the 1st year ended the rubber covering started peeling of and all the buttons peeled off. I asked them for repairs they denied saying that they can only offer discount on a new product. So I want to buy a new product with Max discount. Also I am a student. In case it helps in discount. As the earphones had costed me a whopping ₹18,000. Please help

[@girishpatil243]

Just don't buy expensive one, there are products having good quality with lower cost

[@shahan484]

Why do students always but expensive over priced products like Apple and bose and expensive bikes? Fr

[@soumitrarai7614]

@@shahan484 I didn't buy it by choice. It was gifted by my father. It was something I never asked for. Understood you little piece of sh*t. Please mind your own fuck*n business. Don't judge others before knowing the complete scenario.

[@AMJADKHAN-pi8ln]

The way u said finance with sharan hits our heart

[@robingreengrow1377]

Dafuq🙅🏾‍♂️🤦🏾‍♂️

[@FLS9083]

Fr fr 💀

[@AKVlog-tt3bq]

Banks are offering 0% prepayment charges now a days and it's best

[@devwratnevewani641]

But the money value deprecates much more, that number we need to pay more but it's value almost reduces 6 to 7 time in 10 12 years span According to me, do not repay the loans... keep them as long as you can... later after few years you will realize that the money value is gone down Thank you

[@lekhanair7809]

Exactly, what I was thinking and what I wrote under a comment. 👍

[@notzack6438]

I don't even live in India but this is my favorite finance channel

[@growwellfinology4489]

Collaboration at apex level Sharan rocking

[@dudeluckyHere-em1gn]

super glad to see you both on the same video 😝☺️🤩

[@sonalipatil1278]

👍👍👍thanx, keep it up guys

[@ramanatechfactology8795]

When these 2 are on same video They provide great information which is easy to learn

[@chandrakantkanhegaonkar6335]

One content creator and another CA. Jodi kammal hai 👍👍

[@praveenm6204]

"No, i dont want that" The traditional Bharathvasi 🙏🙇‍♂️🙇‍♂️🙇‍♂️

[@angeldarshana4573]

Grt I wish meri sis bhi esi C.A bane 😇😇

[@alexquest8113]

You can even avoid the 5% preclosure charge. After the first interest is applied, just payoff the principal. The interest will be only applied on your interest amount only. This technique improves credit score too

[@kokilashrivastava8873]

How to do that

[@a.rajesh-zdynamics]

I’m an engineer and poor in practical economics,CA Rachana ranade course helps me a lot.

[@StraddleRaja]

I enjoy and learning a lot from both of them. Both funny and sensible👌

[@chaipizza6756]

Stop 🛑 paying you loan for 3 months then they will beg you to close the loan without any interest. Only down side is your credit will become bad

[@kunalkawale4829]

We just took a loan of 30 lakh to buy a house. And we are also thinking of prepaying the loan. Thanks y'all.

[@aBrokenShard]

Kind of cute! Impressed by the effort put into this. Err I also don't follow either of them. Just a random thing that crossed my path.

[@t_hopes]

Great combo...... 🔥

[@RakeshMumbaikar]

That I wish from Rachana ma'am 😂😂😂😂😂

[@lakshikalra4143]

Proud to be a part of CA fertinity ..,

[@wishy6658]

Subscribed, great information to get you started on economics and handling money. I look forward to seeing more of your videos, keep up the good work.

[@aesthetic9966]

All ur info r told in such way that neither can i say i understood fully nor can i say i couldn't understand at all!!

[@anikettripathi7991]

even prepayment don't protect anyone from already calculated intrests for whole period.

[@vandemathram1078]

Agriculture लोन लिया था 12 लाख 10 साल पहले, आज 5 लाख में settlement के लिए तैयार है HDFC

[@PoojaGupta-nw1ew]

Thank you for making us financially intelligent Sharan

[@tharathamarai]

Informative and awesome both ❤️✨

[@antimatter5433]

For seeing such video you required knowledge of finance all CA knowledge etc

[@rinkalrana9901]

Normally banks already mentioned in their loan documents all the terms and conditions of the loan. Further, now a days there is no penalty for prepayment of the loan .