Save LAKHS while paying off LOANS!

Save LAKHS while paying off LOANS! | Ankur Warikoo Hindi

Рет қаралды 525,985

5 ай бұрын

This video comes with notes, check here: bit.ly/3I1gjs1
Download the Excel sheet here: bit.ly/3SHjxqu
When it comes to managing your loans, the question of whether to reduce your EMI or loan tenure can be a tricky one. In this video, I provide a comprehensive approach to understanding the impact of various pre-payment strategies on your overall interest payments and loan duration.
I'll walk you through the intricacies of managing your home loan, emphasizing the significance of early and substantial pre-payments. By the end of this video, you'll have a clearer understanding of how different approaches can help you save on interest and potentially pay off your loan faster.
Don't miss out on this valuable insight into effective loan management. Join me as we explore the options and strategies that can make a significant difference in your financial journey.
#loanmanagement #homeloan #warikoo
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Пікірлер: 673

@warikoo 5 ай бұрын

Buy my new book 'MAKE EPIC MONEY' here: amzn.to/3HEShCR My Money Apps: bit.ly/3Zg56eR My bestselling books: ‘GET EPIC SHIT DONE’: ankurwarikoo.com/getepicshitdone ‘Do Epic Shit’: ankurwarikoo.com/doepicshit 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 🔆 Fill Light 60W: bit.ly/37aJolP 💡 Key Light 150W: bit.ly/3O9nyjs 📽 Benro IT15 Tripod for Sony a7III camera: bit.ly/3O4PvJ1 Useful links: 20 books for your 20s: bit.ly/WarikooBooks 20 online courses for your 20s: bit.ly/WarikooOnlineCourses Gadgets that I use: bit.ly/WarikooGadgets 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 and in 2022 we contributed 53L.

@EcoEden5 5 ай бұрын

appreciate you a lot

@ashutoshraghuvanshi9784 5 ай бұрын

Link of excel ??

@rohitjalal6060 5 ай бұрын

Excel link??

@vinodk1642 5 ай бұрын

excel link is not working

@abhishekbavadhankar 5 ай бұрын

Banks will hate you for this 😂

@AbhiDaRocker 5 ай бұрын

I remember I pre-closed my “first car” loan which I took from SBI. I prepaid by any amount (whatever was possible). I didn’t do any such calculations, my simple funda was: if I cannot grow my assets by 8.5%, I will not let my liability to grow in that same rate. 😊 Young professionals are lucky as they have these videos to understand finances.

@mayurpanchgam8755 5 ай бұрын

Was it paid early bro ?

@msdadsfsx 5 ай бұрын

u can easily grow asset by 10%

@Murari500 5 ай бұрын

Course cancel kaise kare bhaai 😢

@aurobinda1 5 ай бұрын

Loss for older one as these kind of vedios were not there earlier.

@sunny27jan 5 ай бұрын

Same pinch 🤏

@freedomindvideos 5 ай бұрын

Ye hui na baat . Awesome calculation sir. Maza aa gaya.

@scoobydoobydoo9561 5 ай бұрын

Thank you so much. I had been trying to understand this myself, this video will help me clear my home loan

@YurekaTechnology 5 ай бұрын

Thank you sir for giving valuable information. I will try to do same practice.

@malarvizhikasi1483 5 ай бұрын

Nobody explains it better than Mr Warikoo. Thanks for the content. Have been learning a lot !

@ashimbiswas7878 5 ай бұрын

Today i collect some new knowledge....❤❤❤❤ Thank you sir❤❤

@nikhilchodankar4723 5 ай бұрын

So effortlessly and swiftly you have communicated such things deeply.. Truly appreciated and inspired.!!!!!

@_prajwal_rk 5 ай бұрын

love you sir for providing free financial knowledge which is necessary to each and everyone especially 20's

@madhugowda3726 5 ай бұрын

Warikoo ji.. you explained it so nicely, that even a common man can understand and execute. thank you so much for all your help. This helped me plan my finance better. God bless you.. and lots of love.

@prathmeshkamble3384 5 ай бұрын

Thank you so much for making this vid with such ease of explanation. Excel sheet helped too 😃😃

@sakshijadhav8489 5 ай бұрын

I literally got something new to learn...and it's valuable...thank you sir

@ninjutsurg7438 5 ай бұрын

what a wonderful video. Thanks Ankur!

@ghostof7thsol 5 ай бұрын

That's for sharing your thoughts and wonderful finance manging skills and experience.

@jagratimalviya7513 5 ай бұрын

Thank you so much Ankur Sir this will really help many borrowers

@rshan77 5 ай бұрын

I would thank you for helping me in understanding and saving some money... I saw your same video earlier... Thanks again and my best wishes with you.

@charlesonabraham7111 5 ай бұрын

Thanks for uploading this video. It was very easy to understand with examples in excel.👍

@letspeaknaturally1328 5 ай бұрын

I have been following you sir for couple of months. And thankyou for this information

@ankitkumarbehera9689 5 ай бұрын

Thank U a lot Sir. I will plan accordingly

@gracyd389 5 ай бұрын

Thanks a million sir. This is definitely gonna help me to achieve my goal.

@user-sv4ed7bp9o 5 ай бұрын

Very informative kudos to u

@mandeepbharti6211 5 ай бұрын

❤❤❤Love you, this video was really amazing. Thanks for sharing such an amazing trick

@bhawnathchoudhary2403 5 ай бұрын

Thank you Ankur Sir. I recently took a home-loan and this really helps me :)

@GMZone109 5 ай бұрын

When I need to refer any point from your video, I can just browse and in just a second I can get what I need, don't have to wait on an ad when I'm actually in a rush. At times when ads pop-up while browsing important financial stuff, it is so annoying. Thank you for not monetizing youtube. You are amazing.

@akshaypawar1652 2 ай бұрын

That is why you purchase KZfaq premium 😂

@Wolverine_3 5 ай бұрын

This was much needed. Very much useful than previous sheets. Thanks @warikoo

@ManojSharmaExplorer 5 ай бұрын

I adopted this for my Second Home loan and it worked fabulous. Thanks Warikoo 👍🏻

@sprsd3 5 ай бұрын

Thanks you. It's a great video and very helpful tool. Loved your previous version of the tools (EMI Calculator, Payoff vs. invest). In the scenario of a home loan for under construction property, loan amount is distributed in tranches for the period of construction thereby changing the loan amount and the EMI for the first few years (2-3 yrs or so). I would love to see how can that calculation be included in the next iteration of this tool :) As always grateful to your contribution and teachings on personal finance.

@adarshmohankar3908 5 ай бұрын

Thanks my home loan emi is starting frm next month and this will help me alot... Thank you

@santoshkumarch4583 5 ай бұрын

The way you explain the things to people is simply amazing. Simplicity is also seen the way you have been handling your followers all these years. Even a non-related person to any subject will be able to understand the video's well. On top, you also share the ❤notes❤ is simply amazing, ❤sir.

@TwistedJunkie 5 ай бұрын

I was under this dark cloud and can see some light now. Thank you sir

@abdulaaqib8737 4 ай бұрын

Thanks a lot🙏 for the effective explation sirji, found it very simple to understand.... We got a clearity and confidence to repay our loans by saving our heard earned money and time . And the exel file was very much usefull... Thanks again

@SumitKumar-ft9cz 5 ай бұрын

Helpful calculator. Thanks.

@kaustubhkulkarni3745 5 ай бұрын

classes.....keep it up sir! all the best !

@Neel_Chakraborty 5 ай бұрын

Very nice idea ... once again Thank you

@chandrabhanrajput2365 2 ай бұрын

Bhut acha smjh aaya

@AnkitShah1982 5 ай бұрын

Thank you so much for informative video

@studywithkanhaiya 5 ай бұрын

Important Knowledge For Every Person Who Took Loan

@arvindw350 5 ай бұрын

Really great helpful video. It's mind-blowing

@Hunna1984 5 ай бұрын

You are simply awesome…thank you for all the great work you are doing… 🙏🏻

@ritikchawla2401 5 ай бұрын

Best video for understanding, how to make loan payments efficiently ❤❤😊

@sonaligurav6332 4 ай бұрын

Thank you sir aise hi video banao

@Alwayslovingdude 5 ай бұрын

Superb info...thnx bro

@suhaskambli2875 4 ай бұрын

Thanku so much sir ❤

@shameersheik991 2 ай бұрын

Much needed and excellent content

@prasaddalvi2735 5 ай бұрын

Very informative Looking forward to to take a home loan from bank and i am gonna use this formula

@rupalid6908 4 ай бұрын

Thank you so much for such valuable information 🙏

@rohinidophe7634 3 ай бұрын

Thank you i have already started my journey to save lacks

@nileshchouhan2850 4 ай бұрын

Thank you for this knowledge content 🙂

@mohanishsahoo 5 ай бұрын

Easiest way to explain 👌👍

@showkatbhatt999 5 ай бұрын

Thank you sir... For explains this content in common and better way .... Now i am going to pay pre-payment for my loan.... It id really valuable information.....

@vsandeep06 5 ай бұрын

Thanks, sirji.

@souravchatterjee7576 5 ай бұрын

Amazing informative video Ankur, thanks a lot for this video.

@bytescholers 3 ай бұрын

Thank you sir, best trick

@dr.kaushikpatel2331 5 ай бұрын

First time it felt like the video was super useful

@shaileshminj5880 5 ай бұрын

Thank you Sir for guidance

@tanishrathore3513 5 ай бұрын

Hi very informative video thanks for such a content

@bibhutibehera7605 4 ай бұрын

I am looking for this type of video. And I got what I wanted to see. Thank you Sir. It is really cleared all my doubts. Now I can go for what I want to do. ❤

@vishalsingh322 2 ай бұрын

Thankyou so much sir great video💗

@princebittoo1 5 ай бұрын

very good learning

@Iamnitss 5 ай бұрын

You made such an informative and helpful video right at time. When I am looking ways to pay off my loan as soon as possible. The biggest Q was reduce EMI vs reduce Tenure?, you solved it for me. Thanks sir.

@jayitasingha8875 5 ай бұрын

Thanku so much ❤..it really helped

@rajkumar540 5 ай бұрын

Very Helpful!

@sdmasood1102 5 ай бұрын

Excellent sir my mind was block good information

@AbhishekBalsara 5 ай бұрын

Great video Ankur sir...

@RandomStuff-zs6cw 2 ай бұрын

Wonderful Sir😊😊😊😊. Absolute help for me 🙏🙏🙏🙏🙏🙏🙏

@user-xt3nv7hr9n 3 күн бұрын

Great inputs

@meenakshim4437 5 ай бұрын

Ankurji thank you for your simple way to explain intelligent and complex things especially about finance without losing focus and key things ....very grateful for your selfless service...😊

@hardikbedi3912 5 ай бұрын

Amazing guidance sir❤

@shaafshaikh7203 5 ай бұрын

Good job sir ,I follow u r rules.

@satishsuvarna7916 4 ай бұрын

Thank you so much Sir, very useful 🙏👍

@aashishgoswwami 5 ай бұрын

Great video to understand how to save money on loan repayments. 🙏🏼🙏🏼👏🏼👏🏼

@RahulShah-nl1wd 5 ай бұрын

Very useful thanks @

@sanket1535 5 ай бұрын

Really nice work 🎉

@anshulkathuria8912 5 ай бұрын

Hey sir, I really love your content especially when you demonstrate it through Excel for someone to walk through the impact. In reality, the interest rates keep on changing since loans are usually on a fixed lending rate for initial years. Can you please make a video where you share an excel trying to include floating interest rate after years, which I believe would really be really helpful.

@kiranchaudhary4210 4 ай бұрын

Thankyou so much sir for fantastic video.❤❤

@monalishamukherjee5719 5 ай бұрын

Thank you a lot sir your video was really helpful

@soumiksarkar9159 5 ай бұрын

It’s very very useful and super easy to handle. I was searching this kind of excel in internet and I was only getting calculator. Thank you @warikoo

@79MD 5 ай бұрын

What a simple yet GREAT content ! Specially that point when one pays extra EMI amount every next year. Thanks Wariku sir. Sir, you are looking frail. Best of Luck.

@rabindrasahoo2619 2 ай бұрын

Fab sir....Thanks for this

@rohitladdha3285 5 ай бұрын

This is the kind of content that NEED to go viral.

@rahilptl639 5 ай бұрын

Love the way you explained the calculations transparently and fairly. Also a big fan of channel cause of not being a sponsored channel with ads or asking for details to download sheets for use. BIG SALUTE FROM THE BOTTOM OF MY HEART SIRJI.

@Lifecoveruk01 5 ай бұрын

Thank you so much sir ❤❤❤

@advance2digital512 3 ай бұрын

Very nice Video sir. I wish our education system teaches us this stuff which is useful in real-life instead of all the useless stuff.

@jacobden9145 4 ай бұрын

Thank you so much sir for making such a wonderful and valuable content.... lot's of love from tezpur Assam

@TECHNICALHEDGE 5 ай бұрын

Much needed video

@sahilrocks3204 4 ай бұрын

Sir you are best. I am so happy. I go your way. Mostly i m so happy. 😮😮😮

@sarangabarde 5 ай бұрын

I wish I could know such things 5Y ago when I took car loan.. I was able to repay much of it early but at its last leg.. Past is past, I will use this knowledge for quick repayment of my home loan that I'll be starting soon. Thanks Warikoo ji.

@chetanj257 18 күн бұрын

My formula is to keep pre paying and reduce tenure(not EMI) until principal part becomes same as the interest part in EMI. So far i have saved 9 lakhs interest payment with 2.5l prepayment. Thanks to Warikoo in one of the previous videos, he shared one excel sheet to calcualte and decide whether to do lumpsum investment or to prepay loan

@bijitdeb5727 5 ай бұрын

Wow , Thank you Sir

@akashxxz 5 ай бұрын

This is such a great video and a eye-opener to save our hard-earned money from loans. Thank you tremendously for making this video and sharing the spreadsheet. :)

@sawanchoudhary1527 5 ай бұрын

Thanks a lot sir ❤

@udaykumarmk1209 5 ай бұрын

Wow most useful sir

@harshthoria3401 5 ай бұрын

Amazing !!

@shameersheik991 2 ай бұрын

Excellent video

@iffuchowdhary7762 5 ай бұрын

Thanks alot Baijaan

@shantiprasadkukreti 4 ай бұрын

good suggest. Sir thinks

@badalpatel6036 3 ай бұрын

Brilliant effort

@missphantomhive2796 5 ай бұрын

This was very helpful! I recently made a pre-payment for my car loan and now I got to verify the maths with this Excel Sheet. One missing parameter was that, my bank imposed an additional charge on pre-payment which was about 3% of principal. Not sure if the scenario is same for Home Loans.

@themysticalnomad8670 5 ай бұрын

That'll happen if you foreclose the loan, not on prepayments I think.