Complete Guide on Home Loans 🏡🗝

Рет қаралды 18,385

6 ай бұрын

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Пікірлер: 115

@subratasingha1138 6 ай бұрын

This is Amortization schedule. Everyone should know. And people think bank scammed them. But the answer is Amortization schedule. Applicable to all loans

@SOICfinance 6 ай бұрын

Yes knowledge of the same should be there :)

@human__being 6 ай бұрын

@@SOICfinancecan one do the pre-payment using long term capital gains from equity in first 3 years to save 10% of ltcg ?

@shivamghai3516 6 ай бұрын

This is the best video I came across on KZfaq on home loan management.. great work on the video guys @soic sarthak sir thank you

@SOICfinance 6 ай бұрын

Thanks shivam for your kind words. hope to keep adding value :)

@anilkumar-wk8vm 6 ай бұрын

Awesome Content. Sincere thank you for the awareness ❤

@SOICfinance 6 ай бұрын

Thanks :)

@jaygala8387 6 ай бұрын

Great content. Keep it up SOIC !!

@SOICfinance 6 ай бұрын

Thanks :) Hope to keep adding value

@pranjal1231 6 ай бұрын

Really insightful video Sarthak Sir!

@SOICfinance 6 ай бұрын

Hope to keep adding value :)

@manindermangat2991 6 ай бұрын

All videos are top notch ❤

@SOICfinance 6 ай бұрын

Thanks :)

@NityamMehrotra 6 ай бұрын

Hi Sarthak. Thank you for sharing this informational video with us. I have an ongoing EMI so it was like real time help. Can't thank SOIC team enough. #LoveFromKanpur

@SOICfinance 6 ай бұрын

Glad it was helpful!

@PavanKumar-zd7sm 6 ай бұрын

@soic, Sarthak, Nice Video, wish I knew all these when I bought the home. I have closed around 69/75 L home loan so far, one input I can give on the side of making prepayment based on my personal experience is the mental relief that it gives on being debt-free.

@SOICfinance 6 ай бұрын

We're happy that you're taking learnings from our content.😃 We hope to continue adding value to your investing journey. 🤝

@vidit_kaushal 6 ай бұрын

I would like to add just one point here . Instead of home loan insurance, one should go for term insurance and make your spouse a nominee with married women empowerment activated in it . Term insurance has lower premium and even after e.g. 10 years of loan repayment if one expires, whole insurance amount will be received which might be higher than remaining loan amount.

@sanketnegi1 6 ай бұрын

But what happens if I am alive but disabled or unemployed?

@sarthakgarg5696 6 ай бұрын

Yes term insurance should be the priority and with adequate cover

@user-qv2vp6ki1j 6 ай бұрын

tx @vidit_kaushal for sharing this.

@AdhirajGupte 5 ай бұрын

But one thing need to be considered is that in loan insurance you get critical diseases cover also permanent disability cover

@manoramabhagat1725 6 ай бұрын

Banks need to give an intimation to the Registration office regarding the loan given and the mortgage details and house owner who is also the borrower had to pay the fees. Once the loan is repaid this also needs to be informed to the Registration office so that the Bank will not have a lien on the property.

@TheAstuteInvestor 6 ай бұрын

Brilliant video!

@SOICfinance 6 ай бұрын

We're pleased that you're enjoying learning with us. 😃 Thankyou for watching our videos. We hope to continue adding value to your investing journey. 🤝

@hlpatwa 3 ай бұрын

Thank you for the Video. Can you please make a video and their terms and conditions of Reverse Mortgage Plz. Or a difference between American Reverse Mortgage product and Indian Reverse Mortgage Product.

@vigneshmani2636 6 ай бұрын

Right time, right video

@SOICfinance 6 ай бұрын

Thanks :)

@Djrahul1000 6 ай бұрын

Hi I was great n lots of things come to know thank you ❤

@SOICfinance 5 ай бұрын

Thanks :) Hope to keep adding value

@EshwarPatel-pk6mn 6 ай бұрын

Awesome ❤

@SOICfinance 6 ай бұрын

Thanks :)

@ali_editz7 6 ай бұрын

Great and valuable video

@SOICfinance 6 ай бұрын

Thanks :)

@rajitsehgal1263 6 ай бұрын

Thanks

@SOICfinance 6 ай бұрын

Most Welcome :)

@rjain965 5 ай бұрын

Great video

@SOICfinance 4 ай бұрын

Thanks :)

@debamahata9240 6 ай бұрын

Excellent vedio ❤❤❤

@SOICfinance 6 ай бұрын

Thanks :)

@crusaderkumar2868 6 ай бұрын

Please talk about BOB - Advantage Home loan plan.. If it is useful? If we have capital available?

@sanjaybajaj6178 6 ай бұрын

Loan Insurance can help in case of loss of employment as well, though not for the entire amount. Yet a great help

@SOICfinance 5 ай бұрын

Thanks :) Hope to keep adding value. Home loan insurance is required only when we do not have term insurance or we do not have adequate cover in term insurance :)

@thekanchanshow1301 6 ай бұрын

Ishmohit sir please SRF ka analysis kijiye.aur chemical sector mein recently news ko analysis kijiye.aap retail investors ka bhagwan ho.

@SOICfinance 5 ай бұрын

Coming soon :)

@sookhchensinghgill 6 ай бұрын

Tusi great ho paji 🙏

@SOICfinance 6 ай бұрын

Thanks :)

@hasnainalycontractor5144 6 ай бұрын

Sir please make videos on Tube Investment of India Both fii Dii are buying Please sir ❤❤

@mayurparasramka5545 6 ай бұрын

Great insight on prepayment part. Just one ques - What is cost of prepayment ? Will bank levy hefty charges whenever we prepay partial amount ?? Need some clarity. thanks

@sarthakgarg5696 6 ай бұрын

Not as such. Just please before signing any home loan papers, do ask banks what are the terms and conditions. Usually in first 6 months they do not allow but totally depends upon bank to bank. Also you can negotiate as entire banking system is digital so there should not be any processing charges and all

@NITISHBHATT008 6 ай бұрын

Invest that 5L into any hybrid MF, in 24 years, it will become around 50L(with just 10% return). SIP of 5K will fetch you around 60L in 24 years(with just 10% return). But yes, it all depends on the mindset of the person.

@SOICfinance 5 ай бұрын

Yes mindset + discipline to stay in the markets

@rukmanidevi1920 3 ай бұрын

good video

@SOICfinance 3 ай бұрын

We're happy that you're taking learnings from our content.😃 We hope to continue adding value to your investing journey. 🤝

@Sarfaraz23106 2 ай бұрын

Sir jitna amount pre payment krenge utna hi km loan le sakte h . Suppose 1st year me 5 lakh prepayment krna h hm 25 lakh loan na lekr 20 lakh hi le le. Dono me kya difference aayega ??

@krishnachaitanya7435 6 ай бұрын

Great video sir, learned lot of insights in this, i wonder if there's any option for individuals like me who's stock Trader & investor by profession can get a home loan without any fixed job, It would be Grateful if you can suggest something on this or make a video on this 😊🙏🏻

@SOICfinance 6 ай бұрын

Thanks for your kind words :) Everyone can get a home loan. For every profession, documents requirement by banks are different. You can provide your ITR and all & you can avail the home loan irrespective of your profession

@NikhilVerma-kc3io 6 ай бұрын

@SOICFinanace Quality Content, just one doubt in EMI vs Mutual fund case study as difference between outstanding loan amount vs Mutual fund value was around 4 lakh but I believe we also need to pay Long term capital gain on Mutual fund , so wouldn't it will be almost same in both the cases.

@SOICfinance 6 ай бұрын

Hello, thanks for your kind words. Yes taxes has been excluded for simplicity of calculations + tax will be incurred only on Gains

@sachinkushwah3930 6 ай бұрын

Good 😊 knowledge for middle class people like me

@SOICfinance 6 ай бұрын

Thanks :)

@amanmahajan8510 6 ай бұрын

What you suggest if loan is getting disbursed in slabs and we opt for full EMI ? We should do prepayment till possession or continue as standard emi ?

@SOICfinance 6 ай бұрын

In next few videos, I will show you how to calculate the same in excel so that you can take your decisions independently.

@madhursinghal9477 6 ай бұрын

❤

@milinda707 6 ай бұрын

Excellent video!!! Sarthak, even if one has a term insurance of more than loan amount, banks still force the person to buy "Home Insurance" from the branch. And they clubbed the one time premium in loan EMI. I have seen 2 cases. Every bank has given a target to sell "Home Insurance" products, which are absolutely not a structured for the borrowers. What should a person do if bank forcibly selling "Home Insurance" product to the borrower? Where should we complaint & within how many days the result will be expected? Thank you 🙏🙏

@SOICfinance 6 ай бұрын

Thanks :) It is not mandatory at all. What I usually recommend is apply for home loan in multiple banks/nbfcs and ask them and negotiate with them. It really worked for me in terms of bringing interest down, no prepayment charges, no Home loan insurance.

@pappusitara8900 6 ай бұрын

Beware of Idfc bank home loan or any type of loan lot's of hidden charge and term and condition

@satishsharma9925 6 ай бұрын

Please make next video on how to reduce stcg and ltcg on shares

@SOICfinance 6 ай бұрын

Sure

@kohinoor9070 6 ай бұрын

Make a video on health insurance too

@SOICfinance 6 ай бұрын

Sure coming next :)

@sahiltalwar5190 6 ай бұрын

Does every bank charges processing fees? @1% that Axis seems to be charging, it seems a pretty big expense and should also be optimised I believe?

@SOICfinance 6 ай бұрын

No, other's do not charge. Also you can discuss the same before taking the loan as then terms will be decided by you + you always have the option of Home Loan Transfer Also see if bank processing charges are on every installment of Pre-pay?

@apurvsidd 5 ай бұрын

Hello .. Nice video. In case of 50L loan amount, EMI is coming to be 45000 for 20 years . In case , I decide to prepay the loan amount by 10L in the first year. Is it possible to bring down the EMI amount, keeping the tenure same of 20 years? Thanks

@SOICfinance 4 ай бұрын

Yes yes, pre-payment that too earlier will really help you. Have covered the same in detail in this video :)

@satyaprakashgupta4445 6 ай бұрын

how home loan emi calculated ..plz explain ..how to calculate in EMI which amount is going for interest or which is for principal

@SOICfinance 5 ай бұрын

Sure, will cover in my next video :)

@vijayaporeddy4389 6 ай бұрын

Apart from a working individual who does regular job, may i know who else can get home loans like a Small Business owner, MSME, Stock investors. Are there any alternative solutions to these people to get a home loan, Please make a video on it. Couldn't find it anywhere, maybe you could answer in a separate video?

@SOICfinance 6 ай бұрын

Hello, everyone can get a home loan. For every profession, documents requirement by banks are different. You can provide your ITR and all & you can avail the home loan irrespective of your profession

@pramothmali 6 ай бұрын

Need more details about home loan insurance

@SOICfinance 6 ай бұрын

A home loan insurance plan is a scheme under which the insurer will settle the outstanding Home Loan amount with the lender or the bank in case of an unforeseen situation.

@akshaypatel8360 6 ай бұрын

Instead of prepayment of 5 lakh in first year..if you invest that in index fund then after 25 year it would become more than 50 lakh…..

@SOICfinance 6 ай бұрын

Yes possible but just remember prepayment is also good option as investing in equities/mutual funds/index investing involves discipline as journey is full of uncertainty

@akshaypatel8360 6 ай бұрын

@@SOICfinance agreed if you are disciplined there are much more benefits of home loan…like major one is tax benefit. If u consider 20% bracket of tax then your net interest rate is lower then 7%..but ya u got to invest that money saved in taxes to get full benefits..

@RajPatel-nf3bo 6 ай бұрын

Want detailed analysis video on easy trip planner

@SOICfinance 6 ай бұрын

We appreciate your suggestions. We'll keep them in mind for our future content. 😃 We hope to continue adding value to your investing journey. 🤞

@aniljanjal7796 5 ай бұрын

Sir. i have purchased home of 45lakh on home loan for 20yrs and paying 40k as an EMI. Suppose i have 45lakhs in cash, i want to do lump sump investment in balance advantage fund and do SWP to do SIP in mutual fund of 30k for next 20 yrs . Which fund you will suggest to do SWP???

@SOICfinance 4 ай бұрын

If such a long term horizon, then you can also explore Index funds also :)

@deepakgarg9803 6 ай бұрын

Sir Stocks k bare mein kuch bataye -----------SEPC, ORIENT GREEN

@SOICfinance 6 ай бұрын

Thank you for your trust in us & our educational videos. We hope they are informative. Kindly read our disclaimer, we are an educational organisation and don't give any buy/sell/hold investment advice, suggestions, or recommendations. 😃🙏 We encourage you to do your own research.

@AshwinKumarRaja 6 ай бұрын

Credit Card Debt trap, loans and emis on them.. minimum amount due, how interest is charged over existing emis when payment is not done or only minimum amount due is paid.

@SOICfinance 6 ай бұрын

Will cover in the video soon :)

@nukalapatisridarreddy7323 6 ай бұрын

Pl clear my doubt as erly as possible because I am in this situation npresently.out standing principle is 46 lakhs , recently I got 38 lakhs from my house sold

@SOICfinance 6 ай бұрын

Totally depends upon your choice, we have made a video as to tell you the importance of the same and impact it creates. You can also consult with your financial advisor for the same :)

@prasaddongrekar5215 6 ай бұрын

Had submitted a request for reducing my SBI home loan interest 2 months back and no action has been taken. Current interest rate is 9.5. How can i escalate it

@SOICfinance 6 ай бұрын

Please try to apply with home loan transfer and then you can discuss the terms & interest with Bank manager :)

@ramraj72 6 ай бұрын

But in ICICI we dont have option to pay small amounts atleast you need to pay one EMI amount

@SOICfinance 6 ай бұрын

@nukalapatisridarreddy7323 6 ай бұрын

If we paid half of the principle after 3 years is an advantage or not

@SOICfinance 6 ай бұрын

Yes it is an advantage. Key learning from the video was- No amount is small when you prepay

@sagarraut6459 6 ай бұрын

Hi sir... Jese female ko property and loan lene pr benefits milte hai kya wese hee handicap person ko fayda milta h... If yes... to kitna

@SOICfinance 4 ай бұрын

Yes some banks to provide the same. As policies are different across the banks, we have to ask them once

@sagarraut6459 4 ай бұрын

Ok sir

@pappusitara8900 6 ай бұрын

Sir maine idfc bank se Home loan liya tha 20 year and 11% ROI. But he increase my loan 45 year and ROI 14% without informing me

@SOICfinance 6 ай бұрын

Sorry to know that. You have the right to Home Loan Transfer. Do give your application in other banks so that you can get best rates & terms & conditions. If you are able to get better terms, you have all the right to switch to new bank

@sivaprasad6339 6 ай бұрын

What about fees for prepayment or preclosure

@kartikrathwa8580 6 ай бұрын

Even person pay fee for prepayment, in this case also he will save lots of money.

@SOICfinance 6 ай бұрын

Some banks/NBFC's have charges. But as you are know aware, so before finalising any bank/nbfc for home loan, do ask for these questions and choose one which does not charges + will help you in negotiating with banks/nbfcs