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Dear sir mere ko bola mera Loan 270000loan hai or mere emi 6300 hai usmai principal about 3200 some things like that or 3200 interest barna pdhta hai Ap bolo interest kitna dena pdhta hai how many percent
Thank you sir,,actually this is my first job in banking segment and I don't know the fundamental so thanks a lot to share the most important topic in an easy way
Es me double kr dete h to har 3 month me alag se amount loan me dal do to vo principal me chela jaye ga to rate of interest automatically down ho jata h or smy bhi kam ho jata h
Good explanation but no finance/bank provides a loan with the same reducing & flat interest rate. Always reducing interest rate is higher than flat interest rate. So, ultimately there will be nominal difference in total payable interest. Whenever you are taking a loan, always keep in mind the total repayment amount or total interest.
@@exoticvivek I am not confused. I am saying that you taking the same interest rate into consideration. If interest rates are same for both, then obviously reducing is much better. But flat rate may be lesser than reducing like 8% in flat and 12.25% in reducing, then there might be nominal difference.
@@sksamimislam7825 yes totally agree bec I applied personal loan n the interest rate is 25% n asked them why it's so high than other banks personal loans int rate So they r saying it is a reducing interest rate don't worry you don't have to pay extra now what I have to do should I take Or not
@@ronakshaikh3132 Its very high, mostly all major banks provides personal loan at 9% to 25% reducing interest rate. Check the total interest payable for the loan. Go with the lower reducing interest rate, near the average 12.25%.
@@vijayverma3262 matlab har mahine apne aap Bank A/C se paise kat jaatey ha chahe kisi bhi prakar ka emi ho chahe car hone phone bike kuch bhi ho Bank a/c se bank apne aap paise kaategi har mahine Bank jaane ya kuch online payment self se krne ki zruurt nahi hoti hai ??
Thank you @Viral Vivek For explaining flat and reducing rate in simple and easy to understand language. Request you to make more videos in this domain like balance transfer, personal loan, etc.
Everything is okay, but could you please confirm if the principle amount is being reduced after paying the EMI why a person is paying the same amount of EMI every month? It should be reduced or not.
Emi consist of 2 things 1- principal, 2- interest. When u pay emi, the interest portion will reduced gradually and principal will increase (talking about emi and not the balance of full loan amount).. Reducing of interest and increase of principal will effect in "EMI amount being same"
Sir but ek baat batata hu jab ham reducing rate lete hai to normaly intrest rate flat rate se bohot jyada hota hai aisa konsi bhi company nahi deti jitna flat rate deti hai baki ke
sarji bob bank me call aaya 23.2.23 ok flat rate 3 year ke liye 200000 ka pasnal loan jo aap bol rahe he kisibhi bank me chale jaoo vahape ridusing hi milega vesa nahi he bank me bhi puchke soch samaj ke loan lena chahiye vahabhi flat me de diya jata he
But NBFC and Nationalised bank interest rate on bike loan is not same. NBFC like L&T offers 10.75% rate whereas Bank rate is high like SBI offers 15-16% interest rate. So which will be beneficial??
Dear Krish Mukherjee, Few Loans are exceptional, while you must have a idea that ticket size of bike loans are very less in comparison of House Loan or Car Loan..Also I made this video by keeping broad audience in mind.
Sir I want to know about weekly or fortnightly emi, interest and principal calculation how to calculate in NBFCs or reduce rate . Can you clear on this problem .
Sir hum ne Bandhan Bank se ₹130000 ka loan liya ha. Reducing rate of interest 17.95% pe. 48 weak pe hum ko payment karna ha. per week hum ko kitna amount paymeny kar na hai agar aap calculation kar k bol te to a6a hota.
सर मेने आटो थ्री व्हीलर खरिदने के लिए 270000 का लोन महिन्द्रा फाइनेंस से लोन ले रखा है 10600 रुपए का EMI. Reat h 3. Year ke. Liye. Redusing charge se। बचने के में किसी दूसरे बेंक में लोन tarnsafar karna chahta hu. मुझे आप। सही रास्ता बताईए। मुझे क्या करना चाहिए मुझे महिन्द्रा फाइनेंस में 24%बयाज लगता ह
I was looking for this kind of video explained very well but can you tell me reducing rate will be calculated monthly on the principal amount like you gave example of 8 percent so this 8% will be calculated on the principal amount every month please answer?
Fixed rat of interest kithna hota hai max .. actually I trapped in car loan which is provided at 17.1 % fixed rate so please can you give me suggestion how to come out the this problem.
There is no limit on fixed rate of interest. But if you trapped,than first check with your financer that a What are the charges of foreclosure. If it's free,than I can suggest u idea.
Haa mil jayega,but koshish kijiye ki nationalised bank se loan mil jaaye..Private Bank mai Kotak Bank and HDFC kaafi kam rate par loan provide kar rahi hai. SBI, Canara Bank and PNB kaafi ache interest par loan deti hai govt sector ke banks mai
Sir aapko flat rate and reducing rate m dff. Btana tha .aapne flat toh smjha dia but reducing rate nhi smjhaya. Interest kese calculate hua . reducing rate kese calculate hoti h..not a useful video
@@drishtimishra7361 Yes...Reducing Rate ka Sabse Acha benefit hai ki aap jitna emi pay karti hai,usme principle component ko minus karke balànce principle par interest charge hota hai..I will try ki mai kal evening tak is topic par ek proper video upload kar doo..thank you for giving me a topic..
Please aap yeh bataye ki 5lakh loan lene par monthly emi 11000 aahara he agar mene reducing par liya toh 1st month emi 11000 kata toh next month 11000 se v jyada hoga ya fir 60 emi par v 11000 hi rahega??? Please yeh clear kar dena🙏🙏🙏🙏
Maine HDFC se 7.4% pe floating rate pe plot loan liya hai for 15 years. Kya mai isey fixed karwa lu ya floating rehne du coz this is the time that the interest rate are down as ever.
Kabhi v chola finance se loan mat lena..fehle bolenge ki 6.5% loan dega..fir baad mae dekhegoge ki 13% hojaiga...wo kabhi v bolega nai ki flat rate mae hae..baad mae dekhoge ki chunu laga dia..
