Loans jaldi repay kariye! | Pay off debt faster! | Ankur Warikoo Hindi

How to repay loans quickly?
How to reduce interest on loans?
How does prepayment of loans work?
Get the EMI Calculator at bit.ly/3XgHl4A
Get insurance advice from Ditto: bit.ly/3xFh7OU
In this video we will cover 3 things:
How does EMIs work?
When we pay EMI every month, how does it adjust towards the repayment of loans?
How is interest on loans calculated every month?
We will discuss how the accumulation of that interest works.
Finally, how can we reduce the duration of loans without adding any significant financial pressure or risks on ourselves!
As usual, we will discuss data-driven approaches through an excel sheet.
I would love for you to experiment with this approach to see how you can repay your loans strategically.
#loans #emi #warikoo
Click here to subscribe to my KZbin channel: shorturl.at/bizNX
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Ankur Warikoo is an entrepreneur, an angel investor, a mentor and an active public speaker.
For the past 4 years, Warikoo has been actively sharing content on KZbin, LinkedIn, Instagram, Facebook and Twitter amassing a following of 1.8Mn+ people.
He posts 3 Hindi and English videos every week on his KZbin channel, where he talks about entrepreneurship, how to grow in life, personal finance and failure.
Warikoo started his entrepreneurial journey in 2008. His most recent startup is nearbuy.com where he was the founder and CEO from 2015 until 2019.
Prior to that, Ankur started Groupon’s India business in 2011 and acted as the Country CEO from 2011-15, and Head of Groupon APAC from 2013-15.
An alumnus of the Indian School of Business, Ankur is an active Angel investor and mentor to several startups.
Ankur has been part of Fortune Magazine’s 40 under 40 List for India, LinkedIn India’s PowerProfiles List, LinkedIn India’s Spotlight List and India’s Top Executives under 40 list.
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My bestselling books:
'Make EPIC Money' here: amzn.to/3WHJ43F
‘Get EPIC Shit Done’: amzn.to/4fK1IR5
‘Do Epic Shit’: amzn.to/4fK9uuv
My gear for shooting this video:
🎥 Sony a7III camera: bit.ly/3M42wAV
🎬 Sony FE 24-70 f2.8 Lens: bit.ly/3KCCiF0
🎙 Shure SM7B Microphone: bit.ly/3O1NAVA
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📽 Benro IT15 Tripod for Sony a7III camera: bit.ly/3O4PvJ1
The above links are on Amazon. If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L, in 2022 we contributed 53L and in 2023 we contributed 52L.
Let’s connect online:
🎙 My weekly podcast Woice with warikoo (Spotify): open.spotify.c...
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🖋 Daily Blog: ankurwarikoo.c...

[@warikoo]

Get the EMI Calculator Excel Sheet at bit.ly/warikooemicalculator Download the sheet (clicking on top right corner) and then play around with the numbers. Get insurance advice from Ditto: bit.ly/3xFh7OU

[@ANKITKUMAR-mm2ns]

Thank You Sir

[@kuldeep4079]

Thank you sir I have a car loan with 7 percent simple interest for 15 year so what can i do pay loan Frist or investment in stock market parallel ??

[@pravinshukla9261]

It is view only

[@tarangmehra520]

Ohh thanks finally I can play around with it

[@pravinshukla9261]

@@tarangmehra520 I am not able to change entry

[@TheDark-Knut]

It's a shame that this sort of stuff were never taught to us in schools. This video has been truly helpful sir. I hope this reaches maximum people! Thank you!

[@kumar4u71]

Problem teacher should get the idea of change, transform students.. again they hold principal and reg syllabus sad truth..

[@srinivasagarlapati646]

Schools teach shit bro

[@piyushdogra6720]

No in school in mathematics there is a complete chapter on compound and interest. Everything can't be taught by school .

[@TheDark-Knut]

@@piyushdogra6720 You can't teach a child to bowl or bat in cricket by just giving him a ball or a bat. You gotta tell him or show what to do with it and how.

[@navnithrajsn1705]

Sure Teachers thought all this things during your school time but during that time u don’t have any experience of loan so ur not interested to listen. Please don’t blame teachers... tell your kids to take loan in 5th standard and tell them to pay emi sure they focus more to maths...

[@FrontPageFinance]

You can tell he cares more about the audience when he says to watch the video at 1.5x speed. It’ll hurt his analytics, but it shows that he really cares about the viewer the most.

[@adityams1659]

Playing in speed affects analytics !!!???

[@gloomyend1232]

@@adityams1659 yes because KZbin pays for the watchtime playing at high speed reduces the watchtime

[@FrontPageFinance]

@@adityams1659 unfortunately, it lowers the watch time of the creator, so it can look bad to the algorithm when it seems like someone is watching less of the video. It looks like it didn’t hurt this video though since we all still found it!

[@djdhumalofficial]

He doesn't earn thorough ads! His channel is not monetized

[@abhinavkant]

He earns through sponsored contents like Zerodha , IND Money, smallcase etc. Not through KZbin Ads. This channel is not ad monetised.

[@ankurmehta27]

"Yaad AA Rahi Hai Banks Ko Meri" was awesome and too true.............

[@Margaret-jl1cj]

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

[@Helen-tg4tr]

Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.

[@Margaret-jl1cj]

Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@Laura-oo7gr]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@Helen-tg4tr]

Angela Lynn Shilling is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Laura-oo7gr]

Angela Lynn Shilling is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@brittanylinda2147]

This team mentioned below 👇 is the real for your investment program.

[@nicholaslarry9484]

Check them out on google at BadKhencorpcom they the real deal

[@urple5005]

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[@urple5005]

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[@moupranroy2427]

Fantastic concept Ankur! I am 53Yr. old now and hence, would like to repay as early as possible, so that I can start investing through Smallcase. By the grace of the almighty I was fortunate enough to subscribe and listen to your teaching sessions. I have also asked my children (21Yrs. & 15 Yrs.) to watch your sessions on Financial Planning. Me and my family has immensely benefited from your sessions. May the Lord Bless You. Prantik Roy, Kolkata.

[@Universemee]

Schools really needs this kind of teachers❤

[@Jadestone222]

All Indian schools go t and private a seminar on money should be compulsory from 7th std..

[@nathanraghavan5908]

Beautiful and simple explanation. But now I am 54 years old and lost a lot of money by not following these simple steps, just because of lack of knowledge. I hope youngsters uses it in their planning. Thank you Sir.

[@klairelouie6607]

I’ll forever be grateful, to this team below for what they did getting me out of debt Thank you .

[@nicholaslarry9484]

Check them out on google at Badkhencorpcom they the real deal

[@nicholaslarry9484]

Check them out on google at Badkhencorpcom they the real deal

[@msingh1085]

Wow..right before applying for a home loan..I landed up here. How amazing❣️

[@AlokPandeyLOKI]

Wish you all the best 👍🏼

[@ShubhamRathX]

This. This video opened my eyes. I have an ongoing auto loan and I never knew about these. My loan agent also never informed me of such terms. I cross-verified all these from the bank website and also with my loan agent. All of these are possible. And believe me, this will now help me so much to foreclose my loan sooner. Thank you sir!

[@bhashitkatkar8349]

Bro auto loan works differently, if you say to the bank that you wanna pay extra emi at the end of the year, they'll adjust it for next month, they'll not reduce the principal amt.

[@mayank.saxena]

this is possible, I have done this already with SBI by closing loans in 24 month instead of 60, just check with the bank if they have interest free part payment facility.

[@bhashitkatkar8349]

@@mayank.saxena lucky you😇

[@LSF7]

I wanted to foreclose my auto loan, and that guy across counter told me I have to pay extra for closing it before hand.. 😣 I was like wtf.. I had the full amount, but why to pay extra for closing it before hand.

[@finbiceps5822]

this is not any scheme which your agent needs to notify you, its a financial awareness which will help you in long run

[@hereissdb7465]

Thanks Ankur...I almost paid my 6 yr educational loan in just 2.3 yr with this strategy..😊

[@norabecky1830]

This team below ⬇️ ⬇️⬇️ of professionals are experts who loves to take on challenges and mostly working on providing quality services to their customers.

[@nicholaslarry9484]

Check them out on google at Badkhencorpcom they the real deal

[@urple5005]

Check them out on google at BadKhencorpcom they the real deal

[@urple5005]

Check them out on google at BadKhencorpcom they the real deal

[@ajithkumara7859]

This for those who dont know if we spend 2500 extra EMI amount in SIP with 15prc roughly 25Year can give 81L.Then why woud you add EMI higher Every Year and Bank will not reduce your Priniciple ammount .Loan works in Deminished Model and Better Keep your EMI same and try to invest in SIP Every year with the amount explained in the video you will see the power of compounding with more savings(try to see the increse in income & increase in wallet size) and rather then closing your loan with no additional income .Try this out and correct me if I am wrong.Check

[@shivdasdhruw8743]

Bahut badhiya samjhaya aapne sir thank u very much....mujhe ye exel sheet chahiye ❤

[@sonalibhabal3870]

Mr. Warikoo, I have really learnt a lot about finance world from your videos, being a single mother I was little worried about my daughter's future and mine too. But you made it so logical and simple to do practically. You are actually doing a great job by spreading financial awareness in society which is actually required in todays world. SO THANK YOU !!!! More knowledge is always welcomed:)

[@vijayajadhav1596]

Wow, wonderful knowledge 🙏

[@ramubhusal4225]

Nice

[@sinhakunal12]

How can I take consultation sir ?

[@crickenews.by_v]

Help kr do Bhai mere pr 1lakh ka krja hai koi help krdo me use 1 year baad lota dunga plzzz helpp mujhe kuchh samjh nhi aa rha abhi help kr do Bhai plzzzzz🥺🥺

[@pawan243005]

Ankur, I can't express how helpful this is. I think about my massive home loan everyday and I just started paying advance EMI's but this made it crystal clear. The impact which just one extra EMI can make is immense. Every home buyer should watch this video. On a side note, i hope banks are not watching this as they would never want their consumers to know this secret. Sharing this with my community. Thanks a lot.

[@devsthanam315]

Yes. It's so helpful. Now I am gonna start the extra EMI every year

[@TravelEverywhere25]

Hello pawan, As you mentioned that you have already paid advanced EMI how much did it effected your loan amount . And doest it work same as explained in the video.?

[@pawan243005]

@@TravelEverywhere25 It works exactly as mentioned in the video and the excel file shared. I regularly make advance payments on my loan. The effect on the load depends upon your loan size tenure and the rate of interest. You can use the excel file to calculate exaclty how much effect it will have on your loan. Its very helpful.

[@topgunpilot2547]

@NBFC LOAN DP NUMBER👈 Kitna dialoge, train khareedni hai Noida se Lucknow jaane ke liye!

[@sharangagnihotri1511]

Hi Pawan, just wanted to know if this 1-2 extra EMI will count as paying your principal? Or just extra EMI

[@suyashmishra3358]

I feel guilty getting this information without paying anything! You just helped me get rid off one of my long term goals which was to become debt free in another 12 years! As it seems now, I don't need to accumulate large sums of money to prepay my 25 years tenure loan in 10-12 years... Thanks for this!

[@severussnape9840]

Debt free need not be the best goal to have if you have taken it for a productive asset. The opportunity cost of your money is what you should consider. You might as well invest in small case now so that you get the max compounding factor. If you wait 12 years to start small case - you will lose compounding years.

[@ajithkumara7859]

This for those who dont know if we spend 2500 extra EMI amount in SIP with 15prc roughly 25Year can give 81L.Then why woud you add EMI higher Every Year and Bank will not reduce your Priniciple ammount .Loan works in Deminished Model and Better Keep your EMI same and try to invest in SIP Every year with the amount explained in the video you will see the power of compounding with more savings(try to see the increse in income & increase in wallet size) and rather then closing your loan with no additional income .Try this out and correct me if I am wrong.Check

[@srinivastrcareercoach]

Help someone with your expertise. Let this chain of helping others carry on. Cheers

[@bhaumikbarot]

Why I don't get this video 2 years!!! This is really helpful!

[@maryelizabethrose4119]

Keep your positive attitude alive, and never let the enthusiasm in you fade, this is your strength to make that money.keep thanks too this team ⬇️ .

[@nicholaslarry9484]

Check them out on google at Badkhencorpcom they the real deal .

[@nicholaslarry9484]

Check them out on google at Badkhencorpcom they the real deal .

[@ajithkumara7859]

This for those who dont know if we spend 2500 extra EMI amount in SIP with 15prc roughly 25Year can give 81L.Then why woud you add EMI higher Every Year and Bank will not reduce your Priniciple ammount .Loan works in Deminished Model and Better Keep your EMI same and try to invest in SIP Every year with the amount explained in the video you will see the power of compounding with more savings(try to see the increse in income & increase in wallet size) and rather then closing your loan with no additional income .Try this out and correct me if I am wrong.Check

[@SujeetBane-cc4ii]

Ankur Sir , You are really a great person. Very nice and informative video✍✍✍🙏. Thank You. Learned so many new things.

[@sjsumit10]

I did same for my education loan, I always tried to pay more amount than EMI. I almost saved 6 lacs+ in interest and cleared 10 yrs loan in 2.5 yrs.

[@hardikbari7552]

What if bank does not agree on paying extra emi at the year end? How to convince them

[@isNamanSharma]

@@hardikbari7552 i dont think bank can stop u from pre paying your loan. i think they would actually be happy that you are paying your loan as soon as possible

[@prasanthpadmanabhan7581]

@@hardikbari7552 no one can stop you, i did the same, they have to consider it towards Principal Amount

[@shambunampoothiri8112]

You may only save the number of years but what you pay still will be near , if you deposited this prepaid amount to FD WON’T it double in 10 years ? In 20 years it will be 4 x ??? It all depend on interest rates, if you take personal loan then interest is higher so paying faster is important, but if the FD interest and bank loan interest is very near it may not make big difference

[@neerruuu]

Hands down this was one of the most informative content i have seen in a while. Thank you mr warikoo.

[@shivanshu2952]

By this technique i paid my 15 year home loan in 2years. Thanku sir❤

[@richiesmart5197]

Last week, Warren Buffett talked in BBC news about how investors and traders can make millions through Crypto. He also recommended an expert Mrs Olivia Segal. Wondering if any viewers here are familiar with her services?

[@jodisnyder460]

Yes I'm conversant with this trader, She's an experienced and unique trader, I have a friend who's investing with her for some time now

[@marionbuffett3987]

Hello Richie , yes I know Mrs Olivia Segal and her trading strategies really favoured me, I have been investing with her for about 4 months now and I earn not less than $15k profit weekly

[@Myeongmeo]

It’s strange how people talk about all the profits, they have been making through trading of crypto, while am here making huge losses. Please can someone put me through on the right path or at least advise me on what strategy to follow.

[@estheralvarez5496]

As a newbie about to invest, you must have these three things in mind 1. Have a long term mindset. 2. Be willing to take risk. 3. Be careful on money usage, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with a financial advisor.

[@robertshawn5348]

I use her services, After watching so many tutorial videos about forex trade, I was still making losses until she started managing my investments now I'm making great> profit weekly

[@user-gz5ss4ff4l]

Financial planning should be introduced as a mandatory in all courses of colleges (at least).

[@PrapullSharma]

They won't :D beccause this will reveal secrets and people will become more smart

[@informaltalk2998]

@@PrapullSharma Ek sal ke liye home loan Milta Hai Kya?

[@Krupawar]

School , college masti karne ka vakt hota hai. Paisa kamane ki lat us vakt nahi hoti. So hume ye topics bhi us time boar lagenge. Kuch chije vakt hi sikhata hai aur vahi acha hai. School , college me kam log man lagake padhate hai. Aur in sari chijo ki value us vakt hame nahi hoti.

[@vijaysonavale2289]

Yes sir after 55 no work money should come like 50/55 k and just keep calm

[@srinivastrcareercoach]

Rightly said

[@n1kh11]

It feels like my big brother is teaching me valuable life lessons from his personal experience. Thank you so much. More power and love to you Bhai.. ❤️🤗

[@shivanginia]

Thank you soo much Ankur sir!! Your emi calculator helped me take the decison of taking a loan for lesser tenure and with full understanding of how to pay it off quickly without putting too much pressure on our pocket!! Thank you soo much!!!!!

[@ashwinijachak1033]

I paid my 30 years loan in 8 years. When my salary increased, I paid additional amount yearly. Then I asked myself why to wait till year end and pay interest till then. So I asked my bank, can you deduct additional emi per month. They agreed and I paid 50 percent emi extra every month. I also took advantage of lower interest rate due to lockdown.

[@PrashantSaini76]

awesome

[@adr5754]

Hi, do i really need to communicate with the bank regarding prepayment or i can simply transfer the extra emi to my loan account without any communication?

[@ravitejasrigiriraju]

@@adr5754 when you are paying extra amount - you need to choose the right option, don't prepay EMI that will not save you anything - choose the prepayment option.

[@irfanafatima9775]

Does it really work it?plz ans

[@ravitejasrigiriraju]

@@irfanafatima9775 yes, works.

[@himanshukherde2204]

One key point to note here is that when you pay an amount towards your principal, your bank will reduce your monthly EMI amount by a certain value. They will tend to keep the tenure same. So if you're paying something towards your principal, make sure you mention to the bank to *not* reduce your EMI amount, but to revise your tenure.

[@adityajha4832]

Great information, planning to buy new house could you please share the excel sheet

[@yogicooldude5958]

Thanks. But Can U Plz tell if Anybody has Applied this in Reality. And it has Worked..?? 🤔🤔

[@sumant15]

@@yogicooldude5958 it doesn't work in real life. check my comment and btw why don't you calculate what happens if you invest these 8000 in the market for 25 years?

[@thebaconbaba]

I have been doing the same. Increasing emi by 5k every year. In 2017 my home loan was 25 years. Today in 2021, i have only 7 years left. Plan is to finish it off in 5 years. Its surprisingly easy, and completely doable.

[@praneethbudde9363]

Does your bank charges you any,for prepayment and increasing your emi by 5k every year??

[@thebaconbaba]

@@praneethbudde9363 yes, processing charges. 2-3k.

[@ShadowkingYT36]

Share excel sheet

[@Praxss]

@@praneethbudde9363 sbi will not charge you for that. (I am not employee, fan of SBI, I am just telling my experience and bank rule as of now)

[@shouryacool]

But doesn't this hurt your credit score ?

[@Asmicutee1502]

Thank you sir....maine 63lac ka loan liya hua hai and already paid 5yrs.....I will use this

[@JatinYadav2803]

We want this exel sheet...💯

[@PriyankaSoni2014]

It's in description

[@mahendrakumar9385]

@@PriyankaSoni2014 it's don't access to edit. how to fix it?

[@ivinitmittal]

@@mahendrakumar9385 create a copy for yourself and use it

[@rubbylanda3677]

+1

[@westlucinda7820]

Been trying all this while to get back financially, till this name below came to my rescue.

[@nicholaslarry9484]

Check them out on google at Badkhencorpcom they the real deal .

[@Jessicatorres_768]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[@alicebenard5713]

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

[@PhilSommer2]

This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

[@Jessicatorres_768]

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.

[@ConnieGriffith-u4z]

Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

[@SophiaBint-wj8wn]

I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

[@PANKAJKUMAR-fe8zn]

Make a video on "how to make such excel sheet for our long term financial planning"... it's amazing skill.

[@efffu009]

Pankaj bro download home loan calculator from playstore

[@deepak0499]

Your reaction for FD - “ I hope not” 😂. Says it all.

[@GautamKumar-kn4gr]

Sir mujhe ye Excel sheet chahiye bahut achha video laga sir thank you sir You are a great person. I love you sir

[@shivamjhaa]

It is in video description

[@dillipojha1420]

Brilliantly explained. You are doing a fabulous job to give us an insight of wealth creation.

[@ashwanikalla335]

I did this for my first Home loan..and I was able to repay the same in 8 years instead of original tenure of 20 yrs... Currently doing it for my current home loan bt due to current scenario not able to increase EMI 😭..but I hope from in coming months I can

[@samrudhik8757]

Does this apply for education loans as well?

[@spandansadhukhan]

@@samrudhik8757 Yes. I do the same for my edu loan

[@samrudhik8757]

Alright. Instead of paying the 13th installment as the EMI amount, can we pay a higher amount? Just don't want to waste a lot of money on interest.

[@spandansadhukhan]

@@samrudhik8757 Yes. Either u can tell bnk to increase emi amt or u can write cheque or transfer to loan account.

[@hrishikeshbedse9682]

Can someone plz help me how can I pay that extra EMI? Like what I have to tell bank.

[@Barrym261]

Hello Mrs Sonia is the Bitcoin trader and is legit and her method works like magic I keep on earning every single week with her new strategy

[@babodem2438]

Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade

[@babodem2438]

I will advice you should stop trading on your own if you keep losing and start trading with Mrs Sonia trading services

[@Fayruzshula]

Wow I'm just shock you mentioned and recommended Expert Mrs Sonia I thought I'm the only trading with her

[@Fayruzshula]

I'm so happy for taking the bold step in working and investing $2000 with Expert Mrs Sonia a after a week I received $19,680 to my bank

[@madisoncabello6216]

Here is her number 👆just get connected with her on what$App and you will give your testimonies just like others

[@Vishwakarma-mw9mn]

Love you Bhai, awesome teaching, God bless you

[@sohiltanwar3862]

My father taught me these concepts; however, I got the impact of it today. I have seen your video for the first time and I am surely going to subscribe to your channel. Great stuff, so easily explained. Loved the layman's terminologies you used. Cheers!

[@pradippsm1983]

This is the power of wisdom when you get it from a right person. Thanks Sir you are making the difference. Keep going.

[@shivangigupta595]

So informative!! , I now understand the power of internet, had our elders know about this, we could lead to such better lives. Thanks a ton for this!

[@PinkeshRai-l1d]

Really to good concept i am very happy to know this Plzz share Excel sheet.

[@nity082]

Great information, generally we think about to reduce EMI for saving. But actually it is not saving. It is loss..

[@joannebonnett5223]

*Despite the economic crisis,this is a Still a good time to invest in stock and Crypto*

[@georgeedward6246]

The rich spend less and invest more

[@georgeedward6246]

Investing in these economic crisis will be one of the best thing to do,

[@melissabrockman6397]

You're right I think stock and Crypto are the best to invest right now☺️

[@carlaalpentista413]

As stock's are good but crypto is better

[@rosabarrios9874]

I wanted to trade crypto but got confused by the fluctuation in price

[@arkanaskar18]

I watched it with 1x speed. And your idea is very very interesting. Nice explanation also

[@madhusudansikri4092]

This is fantastic. I have been in business for 50 years. This is the first time such a structured repayment plan has been shown to me.

[@PadmanabhRudrawar]

This is Indeed EPIC. I am gonna do this for the my home loan too.

[@RenuSharma-if5tn]

Awesome, it is very helpful for us!! Too good, ye to koi bhi nahi batata jo aapne bataya. Thank you so much 🙏🙏

[@shreyasd4663]

Exactly. People do observe and find a way out but rarely speak!

[@hitesh11111]

Asset yogi

[@Pramejsonawane]

He always gets us free knowledge

[@JTWbyVishal]

Love ur ideas & tips Sir ❤i think all middle class people needs to know this things because they always get trapped in financial sceems.

[@contactrealsourceinvestmen5172]

As social media recovery agent, it's a amazing to see how much value and different updates provides in a 10 min getting started. The research, the coding, the script programming and his experience to deliver all this smoothly with less take is truly amazing... I dream of the day I can hire a team to do those accessing for me as they focus on the script and delivery

[@tuashaify]

Wow..what an incredible content… Please keep teaching us these types of unknowns which will help us in our life cycle. Thank you very much. Keep going..keep teaching.. Keep smiling.. Best of work!!!

[@monalichauhan2455]

I am sooooo Thankful to you for this. My Home Loan has Started and i have already planned to pay 4-6 extra EMI's every year (your video definitely Validates my plan towards repaying my Loan asap), 20 year loan, wish to repay in 8 years). in addition to this Incrementing by 5% also makes a difference. Thanks Soo Much.

[@lakshmansai3302]

Does bank add prepayment penalty when we do it? . Also can you share the process of doing it

[@sTOPzTARINGAlright]

Do we have to talk to the bank or if i just pay the extra will it automatically adjust according to the video

[@monalichauhan2455]

@@lakshmansai3302 check with the bank before, for my bank they are not charging any penalty for me! I will just add Money to my loan account. However i will check with them before paying lumpsum! Hope this helps!

[@monalichauhan2455]

@@sTOPzTARINGAlright They should ideally adjust, however, I would check with them before making first extra payment. Hope this helps! Thanks.

[@muhammadtaherkhan2830]

The way u describe is easy to understand n useful

[@praveenk4501]

Really fascinating to see how systematically and easily we can repay our EMI's in less time. I do have loans, and I'll be using this method to reduce my loan tenure and close it. Thanks once again.

[@9970mario]

I wish we had a financial planning subject in school than more than half of India would have been above poverty line. Thanks for the wonderful info.

[@vaishnavishetye9035]

Thank you for showing this. This number game has really helped me understand what I could have saved years back. But it's never too late.

[@PDD1213]

Thank God! I watched this on right time. I was thinking about this option (paying some lump sum amount to reduce the EMI) but was unaware of EMI hike. Thanks a lot Ankur for this insightful knowledge share.

[@michaeldonald925]

Success is dependent on the actions or steps you take to achieve it. Show me a man who doesn't have an investment, and i will tell you how soon he will go broke. Investment is building a safe heaven for the future. With the right choice of Investment that has at least 1% minimum risk and with an expert guidance, profit and Intrest is 100% guaranteed.

[@clarkgeorge7121]

I agree with you.I had a senior colleague at work who was living well but never had an Investment, unfortunately he lost his job,so he went from living well to surviving with his family.If he had an investment when he had a job. it wouldn't be difficult when he lost his job.

[@clarkgeorge7121]

Investing is a prior decision to make for the future. If you are seeing this and don't have an investment, please do make plans to invest so you don't end up like my senior colleague at work.

[@gregorychristine5139]

@@clarkgeorge7121 So what's your advice about an efficient and lucrative Investment scheme to invest on?

[@fergusdouglas7871]

If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has finished. Investment is key.

[@philipsophia8944]

I learnt very early to invest and have multiple streams of income, and today that has paid off as I have numerous Investment on STOCK, FOREX trade. My advice is, if you haven't been investing, it's never too late to start as it's a decision you will be happy you took. I recommend Rose Christiana as an expertise you can work with. She is my portfolio manager.

[@soumajitpaul2422]

Love you sir for this video.... You just added more life to my life ❤ I'm 25 years old and took a home loan of 16 lacs for 25 years(tenure).

[@dattadeshmukh4618]

, please send me excel sheet

[@the_anime_blackhole]

that's very very informative and good quality content I really appreciate the hard work and efforts put in making the video easy to understand for common people

[@snehanavandar657]

Wow! The excel sheet is so well made. I was trying to make minor changes to add "pay extra emi every 6 months" instead of 1yr... But after trying a lil realized that I can make a repayment entry on any month and still it'll get calculated. Thanks for such a good explanation and effort. You are a life saver.

[@reemamech4898]

I’m glad I am doing this since 2019 with my education loan 😍 thank you for sharing. I was doing it so that i can finish off the education loan as soon as possible. I didn’t know whether it was logical or profitable. But after watching this video I am happy and confident 😇

[@shyamisle]

Thanks a lot, even though i know the interest game i dint know that paying an extra emi every year makes a massive difference.

[@asiyapatel9426]

Great to see this video... Plz share me this excel sheet. It has created a great positivity in me towards my home loan return. Thank you so much in advance sir. God bless you 🙏

[@shriniwasdeshpande5167]

Good idea. Prepayment of housing loan is practiced by many by a lump sum payment and/or increased EMI as the salary gets increased. However, the video explains very well through EXCEL sheets. Few points to be mentioned here is that 1) Prepayment is good if interest rates are very high compared if interest rates are low. In later case, one could invest in other asset class where return is much higher than loan interest e.g. SIP. 2) The outgo on interest gives benefits on tax outgo. If someone is in 30% tax bracket, then you say income tax on interest (upto Rs 2 lac interest). So, the net outgo on interest has to be discounted by 30% (with cess of 4%).

[@ajithkumara7859]

This for those who dont know if we spend 2500 extra EMI amount in SIP with 15prc roughly 25Year can give 81L.Then why woud you add EMI higher Every Year and Bank will not reduce your Priniciple ammount .Loan works in Deminished Model and Better Keep your EMI same and try to invest in SIP Every year with the amount explained in the video you will see the power of compounding with more savings(try to see the increse in income & increase in wallet size) and rather then closing your loan with no additional income .Try this out and correct me if I am wrong.Check

[@neil715rocks]

Didnt got the second point

[@kasshyapp4458]

​@@ajithkumara7859 It would be more advisiable to reduce EMI , instead of Rerducing tenure (espicially during the initial first 5 years) - Talking from Home Loan point of view only! Benefits ? - Still be able to claim the Tax benefit - SIP returns are always Greater than Home Loan Interest so within few year whenver prepaying Loan (After choosing Redume EMI) you can also transfer the balance to any good SIP mutual fund, it would do wonders with the magical power of Compounding :) !

[@nitinxiisci365]

Summary - 1. Add an additional emi every year + 12 emis/ year. 2. Increase the amount of monthly emi every year.

[@sagar6923]

Do private banks allow it?

[@Haiderkiphulwari]

Should I have to go to branch for it... Or I can do it online all by myself.... If I can do it then please help me out about the process of paying it online.. Thankuuu

[@sharaths5487]

@@sagar6923 Nationalise bank will allow this option. Ex: BOB

[@ajithkumara7859]

This for those who dont know if we spend 2500 extra EMI amount in SIP with 15prc roughly 25Year can give 81L.Then why woud you add EMI higher Every Year and Bank will not reduce your Priniciple ammount .Loan works in Deminished Model and Better Keep your EMI same and try to invest in SIP Every year with the amount explained in the video you will see the power of compounding with more savings(try to see the increse in income & increase in wallet size) and rather then closing your loan with no additional income .Try this out and correct me if I am wrong.Check

[@rameshwarsoni5457]

@@ajithkumara7859 mutual fund returns may happen or may not happen. Everything does not run on past data. For instance, currently, globally countries are facing inflation, interest rates are increasing and people are talking about recession. But yes, irrespective of all these things, if we do not close the home loan early, one thing is for sure that we are paying huge interest amounts. And May I know who informed that bank does not reduce principal amount? Any extra amount you pay other than your EMI, goes to the principal amount and it is reduced.

[@umeshyadav5]

This holds good only if the interest remains 8% through out the tenure, if the interest rate keeps increasing then we won't be able to apply this math. ING Vysya, Federal Banks and few more banks have one of the worst floating rate slab and they almost trap their customers.

[@nidhip9433]

For that problem always ask for a flat rate loan and not a floating rate of interest. Also ensure the documents reflects the flat interest rate applied on your loan account.

[@balajiachartamraparni9067]

Excellent thankyou very much for your detailed video.

[@nheazade6175]

I have one more concept in this. Go for maximum tenure available to you and try to increase the payment (I.e actual payment in the loan account) more than the minimum EMI. What will happen by this is that you will have prepaid amount in your loan account and thereby avoid any over dues and definitely lower interest. I have excel sheet for this 😁😁 I prepaid my housing loan in 5 years 😁😁

[@PrashantSaini76]

can you provide this excel sheet sample?

[@venki9211]

Please provide the excel sheet.

[@manishamahajan285]

What was the loan amount and EMI ?

[@dibyendumondal1041]

Most helpful lesson available in KZbin...hats off to the content creator

[@ivinitmittal]

I want a girl who loves me as much as Ankur loves his excel sheet!! Jk😂😂😂

[@Ashish--Bisht]

Hahaha nice one 😂😂

[@samsne88]

Kya baat...

[@hackerwhite7957]

Wr are watching every thing , don't spoil community Ok I Hope you understand

[@RajdeepSingh-xx6pi]

I want haha react button for reacting on this comment. 😅

[@debabratamallick1937]

Thank you for this video. Please share me the excel sheet so that I can recalculate my loan.

[@TheDheeraj1990]

We should also consider extra amount paid with increasing emi / extra emi, how much interest we loose if those were to added to savings / fixed deposit.

[@sangitamijar133]

Warikoo ji maine ye video apka aj dekha hai kyuki maine abhi 6 mahine pehle hi home loan liya hai. Apko koti koti dhanyavaad karti hu ki apne itni acchi information hamare sath share ki

[@vaibhavkumar5697]

thank you soo much sir, layman language mai samjhaya aapne. mai khud pareshan tha loan se but now you gave me a path to deal with it. thank you soo much

[@alhassansuleiman1272]

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[@guccimary3427]

As a beginner who don't understand how bitcoin trade really work and you really want to make profit from it, I will advise you to first start working with a professional broker

[@tinawright6750]

That is true you need an expert broker an account manager to make good profit from bitcoin trade

[@ausahmanason3129]

How can someone know a professional account manager at least trustworthy when legit ones are hard to find these days

[@alimotadebisi79]

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[@ima-obongeyoh4401]

You can get contacted to Mr Nicholas Barron with this number here he is always online 👇👇👇👇

[@shyamsundarambhore365]

I’m feeling very happy and grateful to Mr. Warikoo to bring this to our notice. I new that my maximum EMI part is going towards interest but never knew that 1 extra EMI or 5-10% increase in EMI per year helps so much ….❤

[@srinivastrcareercoach]

Yes this is eye opener. No one tells this including the Bank that treats us as Customers

[@sumant15]

​@@srinivastrcareercoach why don't you calculate what happens if you invest these 8000 in the market for 25 years?

[@purplepink4558]

Last month I went to bank for tenure increase and reduce emi, so that I can spend more money for my lifestyle. Now I understood how stupid idea it was. Thanks for this video sir❤

[@mohammadnuralhassan8527]

Thanks for making this video Ankur ji , we got some idea on watching this video

[@8372841]

This is definitely an eye opener... Thank you so much for this knowledge 👍🏽😊

[@SenthilBalas]

I hope all this was taught in school or in colleges. Thank you !

[@2023DR7]

It was taught in school. Perhaps you skipped maths classes on compounding,

[@manojkumardabi9355]

The tone of your voice makes your knowledge extremely powerful. Keep helping and guiding us, sir. ❤️🙂

[@averylazyandweirdhuman]

This is a really underrated video 😅 thanks a zillion ❤

[@helensteve2817]

*I will forever be in-depted to you 😇 you've changed my life I'll continue to preach about your name for the world to hear* *you've saved me from a huge financial debt with just little investment. Thanks Mia Frank*

[@hanshewanfred5244]

The best strategy to assure profits is investing with a professional trader who understand the market quite well

[@katrinanumez2583]

Investing in cryptocurrency helps alots when you have a trustworthy broker I make $15,000 in 4days Mia Frank is real.

[@annifred2159]

I have tried lots of traders but non is as genuine as Mia Frank

[@jammyduke9848]

The profits in Mia Frank plan shows how selfless she is, and her expertise are wow.

[@katejoham9134]

I don’t know about Investment and it’s strategies, how do i reach Mia Frank?

[@subodhpawar8094]

wow, Incredible. would like to get the thoughts of other financial advisors.

[@ismailibrahim5341]

Sir thank you so much, this is really helpful. I would suggest adding an inflation calculator as well to it, as the value of money is decreasing every year, it is cheaper to pay more in the future with more amount rather than paying full now, as you said your self one would be earning more every year because of the inflation, so calculating the value of money in 25 years is also important in this case. it is my intuition rather than paying an extra EMI or 5% more EMI every year if we save that money in gold, and pay it all in 12 to 15 years by selling the gold which we have accumulated in time to pay off the lone would be more profitable.

[@SaurovBhatia]

Thnks for excel sheet and video.

[@funwithtechnology6526]

Thank you for the calculator, It's really helpful. Though there is a small mistake in the formula in E14 It should be =E13-SUM(F13,C14) Thank you.

[@kunalrajda7335]

I've just taken a home loan and your magical trick is certainly going to help me plan my finances better - A big shout of thanks to you Ankur Warikoo!

[@ajithkumara7859]

This for those who dont know if we spend 2500 extra EMI amount in SIP with 15prc roughly 25Year can give 81L.Then why woud you add EMI higher Every Year and Bank will not reduce your Priniciple ammount .Loan works in Deminished Model and Better Keep your EMI same and try to invest in SIP Every year with the amount explained in the video you will see the power of compounding with more savings(try to see the increse in income & increase in wallet size) and rather then closing your loan with no additional income .Try this out and correct me if I am wrong.Check

[@shaguftayasmin18]

When he said fd his expression was sad but when said mutual funds he was excited 8:50

[@shaikhamuqeet9477]

He is telling not to take fd plzzzz😅

[@mirzakabir1367]

Donno hi nhii Leni chahiye as it's against sharia rules

[@shaikhamuqeet9477]

But we also want to grow financial...so will invest in stock market but only & only delivery @mirzakabir rgt

[@mirzakabir1367]

@@shaikhamuqeet9477 that's right be a long term investor pick halaal stocks( company shud not be dealing in alcohol,interest, entertainment ) n must be virtually debt free

[@mirzakabir1367]

@@shaikhamuqeet9477 use ur own brain n intelligence to pick sharia compliant sticks n earn more profit than any MF

[@averylazyandweirdhuman]

Mind blowing ❤... If KZbin and your channel did not exist. Loot jaatein Bhai 😢. Please share the Excel sheet

[@abcdwxyz3819]

I don't know if you'll ever read this sir...but i consider it my duty to thank you for adding so much value to my life. Thanks a ton for all the knowledge and wisdom you shower us with!! :)

[@khushbooray1652]

Hey Ankur. Thanks for such an informative video! As a student with an education loan and someone who is going to join the workforce in a few months, your video has helped me tremendously to plan out my Financials. And yes I would like to get that excel sheet shown in the video to play around with the numbers 😅

[@thenewpers]

Thank tou for the insights, good to learn. Instead of increasing EMI or repaying one EMI every year, invest that amount in a mutual fund. Then repay the loan at one go. This way we will be repaying the loan quicker. This is because we earn more interest in mutual fund than what we are saving in the loan. Calculate for your self.

[@ajithkumara7859]

You said correct and by doing this investment in SIP will increase the wealth and no need to close loan faster .

[@machindragurav6770]

Please share exl

[@goodlife1413]

Absolutely Awesome Good V Good Splendor Terrific No words to explain What a video

[@moviebuff4287]

8:48 My ex hates me, but not as much as Warikoo hates FDs 😂😂

[@saikiran3]

Sir, Thanks for sharing this wonderful thought. I have taken 60 L loan (15 yrs @6.7%)for underconstruction property out of which disbursed amt is INR 2567247. I have started trache EMI on disbursed amount which is INR 22647 / month. Please let me know how does it reduces my outstanding amount as tenure is showing still as 180 months(15 yrs)

[@bychancebanker]

Loan downsize krwa do...fir EMI start krwa lo... otherwise sirf interest paid hoga