How to Reduce Home Loan Interest Burden || Home loan Tips and Tricks
Home Loan
Home Loan EMI is perhaps the biggest monthly expense item for a number of people. EMIs typically comprise 35-40% of take home salaries of individuals. With such high EMIs, very little is left to invest for other financial goals. To purchase their dream house and to keep their EMIs affordable, people go for long tenor loans. However, not many people realize that longer the EMI tenor, the more you pay in terms of interest.
. Pay One More EMI per Year
2. Increase EMI by 3%- 7 % Every Year
3. You Can Do Both
4. Refinance at a Lower Interest Rate
Видео How to Reduce Home Loan Interest Burden || Home loan Tips and Tricks канала The Viral Media
Home Loan EMI is perhaps the biggest monthly expense item for a number of people. EMIs typically comprise 35-40% of take home salaries of individuals. With such high EMIs, very little is left to invest for other financial goals. To purchase their dream house and to keep their EMIs affordable, people go for long tenor loans. However, not many people realize that longer the EMI tenor, the more you pay in terms of interest.
. Pay One More EMI per Year
2. Increase EMI by 3%- 7 % Every Year
3. You Can Do Both
4. Refinance at a Lower Interest Rate
Видео How to Reduce Home Loan Interest Burden || Home loan Tips and Tricks канала The Viral Media
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