How to save LAKHS in Home Loan and other Loans? |AssetYogi Show Ep 2
Asset Yogi Asset Yogi
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 Published On Dec 16, 2023

On a ₹50 Lakh home loan, we can save EMI interest of ₹40 Lakh. In this episode, we'll explore 3 strategies to help you save lakhs on loan repayment Home loan, Car Loan, and Personal Loan.
By using an EMI Calculator, you can plan your loan prepayment as well as loan repayment even before the tenure ends.

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Link to EMI Calculator:
https://assetyogi.com/emi-calculator-...

0:00-0:15 Intro
0:16-0:28 Important Announcement
0:29-2:37 EMI Calculator
2:38-4:45 Lumpsum Repayment
4:46-6:42 Increase EMI
6:43-7:48 Car Loan
7:49-9:33 How EMI Works
9:34-11:14 Loan Refinancing

About the Video
Smart loan management is the bedrock of your financial stability. Every choice, from securing the best home loan interest rate to navigating the EMI maze with an EMI calculator, carries immense significance. Whether it's a car loan or a personal loan, remember: your CIBIL score is your secret weapon, use it to negotiate favorable terms. Prioritize high-interest debts like credit cards for swift elimination. While extending the loan tenure might seem tempting, it can significantly inflate the total EMI you pay over time. Align your loan choices and financial planning, whether it's owning your dream home or achieving debt-free bliss.
Loan refinancing can be a powerful tool, but approach it with caution. Leverage home loan calculators to compare interest rates on loans and understand how strategic prepayment can reduce EMI or shorten the loan tenure. Research thoroughly, and remember, the RBI guidelines are your guiding light.
Remember, managing your home loan repayment strategically, utilizing expert home loan repayment tips, and understanding the impact of every EMI can pave the path to financial freedom. Don't be afraid to prepay your loans, especially high-interest ones, to reduce EMI or shorten the tenure. Your financial future depends on it!
In this video, we’ll cover the following concepts:
1. How to save interest cost in Home Loan?
2. How to save interest cost in Car Loan and Personal Loan?
3. How to use EMI Calculator?
4. What is Loan Prepayment?
5. Should we reduce EMI or tenure in loan repayment?
6. Home Loan jaldi kaise khatam kare?
7. Home Loan kaise le?
8. What is Home Loan Process?
9. Home Loan interest Rates in 2024
10. How to save interest on loan repayments?
11. Difference between Fixed Interest Rate and Floating Interest Rate
12. What to do with high-interest loans?
13. How to balance home loans with mutual funds?
14. What are benefits of Loan Refinancing?
15. What are effect of CIBIL score on interest rates?
16. What are tax deductions on home loans?


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