Sir What I'f someone has taken education loan and the bank is taking compound interest on that .....then how the situation changes with respect to principal amount and interest EMI...pls explain or can you pls make a single video on bank education loan taking compound interest how they take money and how much we end up paying pls make one video on this topic
I had 17 Lakhs principal amount in Loan. I had 17 Lakhs lumpsom. So I cleared my home loan.. I don't believe in excel sheet. I don't have to pay EMI every month. I will now invest 25k in SIP.
Dear sir, in this description you have discounted one or two biggest factors.. First being Risk involved with carrying the debt. Second peace of mind when you don't have any debt to be paid.. I think that plays major role for overall well being.
Following you helps me a lot. And i love your video that is " I was lost at 24" because its very hard to break the expectation of your family that you have show them. Thanks warikoo
@🆆hatsapp➕①②①③④⓪①④⑤③⑧sir I'm having joining tomorrow I'm not interested to do job in IT sector .i want to do business but no idea WT business i should do . stressed lot sir 😥😥
Very good explanation. Thank you Ankur. However, I think one more aspect needs to be considered while doing this comparative evaluation, i.e. Tax on Capital Gains applicable. In most cases, people forget to consider this Tax component while checking out return, which makes the difference in actual money availability. That's my personal thought.
One other suggestion: Pay off the loan. Recalculate the EMI after payoff. Use the amount of EMI saved as above to invest in a Mutual Fund SIP and get triple benefits as below: 1. Reduce future interest portion payable on the loan. 2. Creation of additional savings without any extra burden. Because the total outflow per month for recalculated Loan EMI + MF SIP will be equal to old EMI amount. 3. By investing in SIP, you average out the market uncertainties that come with investing in lump sum. Because timing of the investment also plays a role in determining whether your lump sum investment will be profitable at the time you need it and not trying to wait for the market to bounce back. The only catch is that the lump sum amount that you received in the initial stages of the loan, you need to forget it right now. But it will come back later with a decent return on investment.
This is probably the better advice and best of both worlds. One thing to note though, Banks will not recalculate or reduce your EMI but instead recalculate and decrease your loan tenure. So if your goal is to save the difference in EMI and invest it, you need to contact your bank to have them reduce the EMI instead of loan tenure.
Bang on - and best advice according to me too.. The amount you save as EMI can be invested into MF's and let the money grow along with the peace of mind you have from a debt free situation..
Although I like what you presented in this video however there are 2 major factors that were not considered 1) tax benifits on loan (like home loan etc) 2) tax implications on capital Gains I know that this video would have become complicated if these 2 points would have been considered but we can't simply make content look simple just for sake of it and by simply ignoring 2 major major practical factors that will completely change the equation, Would Love to read your thoughts! Regards, -A admirer of your work
@@sumankumary that’s only applicable on fixed rate loans, not on home loans. In that you can pay as much and whenever. I also know that the penalties are going away now on credit cards as companies wants both good and bad payers for profitable business.
What a consistency ankur sir Just finished 20habits video and made a notes of 8 page definitely that was the best video in 2022 I have seen I'm 17 and I'm grateful to know all this things this much early You're my mentor Ankur ♥️
Shouldn't your wordings be When Rate of loan interest is more that Rate of Return - rate at which your gains "are estimated AFTER paying tax"? By the way, concept is simple but not easy. It is to be noted that, Opposite of complex is simple & opposite of easy is difficult. Formula creating, solving it & estimating the answer is very difficult, given that there could be many factors like salary increment & Lump Sump amount of Performance Linked Incentive may come in June & one don't know how much it may come, revision in loan interest rate etc etc. 😊
Inshort, take loan at some intrest, Invest that money in different spaces whose return(obv after taxation) is more than loan taken+intrest, = paisa hi paisa?
@@Atzee yeah exactly, if you have some source which genarate more return % than your loan intrest then you will make money. That literally how bank makes money (Giving 4-5% return on FD and taking > 8% loan interest). Another example is corporate bonds or companies taking debt, it will only makes sense if they think their business will grow far more higher rate than interest.
@@PankajSingh-qc5mq how about taking a loan of about some lakh from bank, investing whole on stocks.. will it work??? As stocks return in approx 20 if everything goes right.. and intrest would be 8pa.. so there's a 12% extra money... I'm a student, and i think probably I'll do this in my future...
@@Atzee While your theory may sound reasoned, you need to add mathematical risk. Let me explain. Equity market may provide 15% returns after removing taxes, which may be higher than loan interest rate. However, banks expect the loan to he repaid consistently, while equity markets are inherently risky & fluctuating - so 1. No bank will give you loan to invest in risky investments like equity market. 2. Even if you take the loan, there is huge risk that you'll default as you won't be able to consistently create cash to repay the installments - as to earn good returns, one must keep the investment as it is for a long term in equity market.
Good stuff. I used the other ways to do the re-payment. I prepayed my home home loan (35 lacs for 12 yrs 7.2%) by withdrawing the LIC & old PPF so after a year I paid 10 lacs after 7 months. During pandemic due to work from home I was not spending (10K on petrol + 1.4K on toll pass + 1.4K on metro pass and 2.5K parking charges ~ 15-16 K per month). I paid all that as a pre-payment & was able to bring the capital amount by 2-3 lacs. Now my liability to loan is 10 lacs or less and reducing. I will be done with this loan in next 1 yr & 1.5 Also by any chance you have a spread sheet which takes into consideration multiple interest rates. Since the interest rates are now linked to RBIs rapo rates, one can reduce the same. Banks won;t tell you this stuff. One needs to do it by pursuing behind the branch manager.
The stock market have always and will always be a volatile market, that is why it is important to have proper research, analysis and strategy when investing
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I’m not good doing it alone but getting into the market has been my best decision so far in my road to financial independence as it turned out lucrative for me.
Great stuff. I watch several youtube videos on how to trade in the stock market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands.
it's really nice to see someone else talk about Kathy Britton, she really has been my guardian angel in the market, helping me recover from the losses i made when i was still trading on my own,her strategies and experience has made my financial journey more fruitful.
I am from Denver Colorado USA I connected with him and he has helped me a lot,he makes so much profit for me he is a FINRA agent, the best I can invest with so far ever since I came across expert Steven Hatzakis' my bad turned out being good and profitable. He’s made success earlier than we thought.
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Hi Ankur, this was very helpful. However, can you please do a detailed video on how to smartly repay a huge education loan ? How to do lump sum payments and when to not? It would be really helpful. Thanks!!
This video actually helped me when I played with the excel and explained me if I should pay off my loan or, should invest. Actually now I just calculated that for my left over loan my rate of interest is only 6.9%. Thank you so much. Big Heart ♥
According to this video, then, many people with home loan should take a top up loan, which they get at mostly same rate & invest in mutual funds. Hence, More Factors to consider are 1. Ideally one should not invest when there is loan as loan brings mental burden for most of the people, unless A. you are government employee & have job security or B. you are good at maths & understand that this mental burden is only virtual, it is just in mind & actually doesn't exists or C. you are brave enough to live life with loans or doesn't care about loans. 2. Is it the home loan on your very 1st home & you were so poor that even your parents couldn't build their own home in their life. According to financial experts, in this scenario you should pay of the loan & reduce mental burden. But according to maths, if you are in 20-30% tax bracket & enjoying the tax benefit due to home loan, then you can invest the money in safest mode of invest i. e. In SBI FDs, preferably in joint account with your "NON-EARNING" mother or father, make 200-1000 ₹/month profit by doing this (estimated by difference in FD Interest rate (0.5% extra for senior citizens in case of joint account) minus effective interest rate which comes after enjoying tax benefit) & also builds corpus to survive a crisis of sudden job loss. It is only applicable for loans less than around 22-24 lakhs & interest rates of 7-7.5%. (These exact figures shall be estimated by calculation taking into account the exact tax benefit). 3. If you decide to invest, instead, for how long you plan to invest & how much is expected returns in that period? (probably this point Ankoor covered) 🙏
I always feel that , Instead of paying loan off very early, invest in market But after covid situation- life has no guarantee and now feeling I need to pay off my loan now and I can invest in market later (wait for crash n enter)
Yes sir. I have Personal loan and got bonus. I invested 40% in market and 60% in hand to invest in sip. I didn't cleared my loan as only 24 months left in completion and I saw my emi is now mostly principal and less interest.
I was waiting for you to mention about the tax benefits especially for home loan. I think it reduces home loan rate by about 2% if you are in highest tax paying bracket of 30%
Ankur sir, Thanks a lot for educating us. I am in my 20's and working in MNC. Your video always inspirs me. In many videos you said " ki Maine paise ko lekar bahut galat bhi decision liye hey " always inspirs me in a different way. Thanks a lot.
Wow do you really read our minds? I have a lumpsum amount and really confused if I need to pay my education loan or invest it.. I'm still confused ad I didn't understand the video fully (I do not understand hindi). May be I will watch it again or do more research
According to this video, then, many people with home loan should take a top up loan, which they get at mostly same rate & invest in mutual funds. Hence, More Factors to consider are 1. Ideally one should not invest when there is loan as loan brings mental burden for most of the people, unless A. you are government employee & have job security or B. you are good at maths & understand that this mental burden is only virtual, it is just in mind & actually doesn't exists or C. you are brave enough to live life with loans or doesn't care about loans. 2. Is it the home loan on your very 1st home & you were so poor that even your parents couldn't build their own home in their life. According to financial experts, in this scenario you should pay of the loan & reduce mental burden. But according to maths, if you are in 20-30% tax bracket & enjoying the tax benefit due to home loan, then you can invest the money in safest mode of invest i. e. In SBI FDs, preferably in joint account with your "NON-EARNING" mother or father, make 200-1000 ₹/month profit by doing this (estimated by difference in FD Interest rate (0.5% extra for senior citizens in case of joint account) minus effective interest rate which comes after enjoying tax benefit) & also builds corpus to survive a crisis of sudden job loss. It is only applicable for loans less than around 22-24 lakhs & interest rates of 7-7.5%. (These exact figures shall be estimated by calculation taking into account the exact tax benefit). 3. If you decide to invest, instead, for how long you plan to invest & how much is expected returns in that period? (probably this point Ankoor covered) 🙏
Sir, if the loan is for 5 yr, it may be possible that 2 to 3 yr of that period market may be down and later it is possible that during this 5yr money will not grow with 15% rate... As you always told us the stock market is good for over 10+ yrs, is it really safe to invest for repayment of loan? Please reply
True ☺️ after watching this video I followed increasing the EMI last year and this year...my repayment tenure is reduced to only 11years from 25 years. Thank you Mr Warikoo! Now learning from your other videos and applying the knowledge given in my life. Thanks once again 🙂
Video is good Ankur Sir. However if we can pay off the loan early, the satisfaction it gives that you are loan free is more than the return on investment. Also if you want to take any other further loans, it gives clear way for applying for new loan. Pls share your thoughts
Sir, Is investing in an online certificate program (Executive MBA) from IIM worth 6 -7 lakhs INR worth it? What I mean is would it be beneficial for career growth? Awaiting your reply. Thanks
Sir last ka part to smj aya interest loan ka kam h to market me daal do market ka kam h to loan me daal do paise par starting ka sir ke upr se gya ek video bando ispe
Hi Ankur, You have neglected the tax components. If we repay home/education loan we get tax benefits. On the other hand if we invest we will be taxed on salary+long term capital gains tax (Assuming investment in indexed MF). For someone in 20% / 30% tax slab, it will be huge difference.
hi Mr Ankur,thanks nice work as usual ...however for home loan one gets additional savings in tax so my study on the subject says even if someone is managing investment with returns similar to the home loan interest ...it is still better to avoid prepayment ...i have excel sheets also to prove my point if you like to see them will share the excel sheets... Thanks Utpal
By referring your guidance I had cleared my personal loan taken while medical emergency of dads health from my EPF amount and saved intrest of 20000/- thanks for your video and improving our knowledge regarding money management
Great video, though pls account for various taxes in the transactions as they will take out a big chunk out of the percentages involved. And maybe bring in life stage expectation and goals. Great stuff, super helpful.
Another angle to prepayment - If you get a bonus in the initial 2-3 yrs itself, then prepayment would actually result in paying a higher effective rate of interest on the total principal as the initial 2-3 years had a higher proportion of interest payments.
Ankur, do make a video on 1. How to make better decisions 2. 10 Life advice for people in their 20s amd 30s 3. Business and Entrepreneurship tips and advice
Mr. Jupiter forgot to take fees charged for prepayment of personal loan on remaining Bal into consideration in his Excel sheet. Eg HDFC says 4% fees will be levied if prepayment made within 24 months.. fees= (500000 -100000)*4%= 16000 . Total 116000
It was right on time, when I just got the lumpsum amount and was planning to clear the loan. By the way I have got amount which I can payoff full loan amount and loan period ends in 12 months. Downloading your excel sheet to play with ;-)
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This is for the people to think they are good at Maths. First of all, congratulations because there are only 5% on this planet who are actually good at maths! But note that life has its own complex calculations and in many unplanned and uncertain ways. Therefore, your first target should be to become debt-free whatever be your condition/situation. It not only gives you mental peace but also confines you in moving towards other opportunities that you can then start saving and investing aggressively.
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Brilliant We are the blessed generation to learn all this for free through a screen that fits in a pocket. Thank you so much Anukar. All your videos helped a lot to make financial decisions easy and wise 😊😃
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Sir AI aur zucku bhai to hamari batein sun hi lete hai Par aap kabse hamari batein sunane lage😁😁 Aaj hi dad ko bola ki car loan khatm karu ya invest kru?? And here my idol comes up with good video❤️
Cloud you please make a video on how we can buy Mutual funds and set up automatic payments in Coin App it was really confusing for me. It will beneficial for many people like me.
Is it possible to make a video on arrears in home loan for example one emi within 90 days to avoid notice from bank. What is the interest we will be having by not paying 2 months emi for a period of year
Only one important aspect is missed I think, if I prepay the loan with lumpsum then I can start investing the emi in nifty 50 sip which will also grow with 15 percent. Also investing lumpsum in nifty 50 may not be as good as sip
You miss a crucial comparison. When two stocks are compared, ideal comparison is not return, but risk adjusted return (Sharpe ratio). I.e return for the risk you took. In this case, interest on loan is saved without any risk. You will for sure save that amount if you pay off the loan. Whereas returns from markets have a risk factor and are uncertain. That is why people feel intuitively that it is better to pay off the loan. And they're right to an extent because you haven't factored it in. Search Sharpe ratio you will understand. It is not only a mathematical calculation. The question is: Is return with zero risk = higher return with high risk. It's about each person's investing and risk appetite. Mere math model is insufficient
Jupiter bank is really great! My account got opened within 4 minutes and working really great, just have this single issue that jupiter app stops working when the registered SIM is out of that phone.
Sir, sub invest karkke after retirement I don’t know If i will be able to enjoy or maintain a even 1000sqft house or drive an automatic car even😂. In 20s or 30s even if we loose job we still have the opportunity to find jobs.. if i can live my dream life 30 years earlier, i would definitely get a loan and pay it back easily by installments in 20 years or whatever.Not being a bad influence but I don’t find a reason to think otherwise even after excel calc. Having said that i love your videos and appreciate how much you emphasis the importance of investing and excel works🙌🏻. Kudos!
According to this video, then, many people with home loan should take a top up loan, which they get at mostly same rate & invest in mutual funds. Hence, More Factors to consider are 1. Ideally one should not invest when there is loan as loan brings mental burden for most of the people, unless A. you are government employee & have job security or B. you are good at maths & understand that this mental burden is only virtual, it is just in mind & actually doesn't exists or C. you are brave enough to live life with loans or doesn't care about loans. 2. Is it the home loan on your very 1st home & you were so poor that even your parents couldn't build their own home in their life. According to financial experts, in this scenario you should pay of the loan & reduce mental burden. But according to maths, if you are in 20-30% tax bracket & enjoying the tax benefit due to home loan, then you can invest the money in safest mode of invest i. e. In SBI FDs, preferably in joint account with your "NON-EARNING" mother or father, make 200-1000 ₹/month profit by doing this (estimated by difference in FD Interest rate (0.5% extra for senior citizens in case of joint account) minus effective interest rate which comes after enjoying tax benefit) & also builds corpus to survive a crisis of sudden job loss. It is only applicable for loans less than around 22-24 lakhs & interest rates of 7-7.5%. (These exact figures shall be estimated by calculation taking into account the exact tax benefit). 3. If you decide to invest, instead, for how long you plan to invest & how much is expected returns in that period? (probably this point Ankoor covered) 🙏
@@tejasbhagat4889 thanks for trying to make me understand this.. im not here saying everything you earn should go to paying loan.. ofcourse you will be mentally sick then.. Here im saying we definitely have emergency funds which is say 6 months expenses which is definitely including these loan amounts also.. so like other investment a loan can also paralley be closed just like another investment paying monthly mutual funds or paying insurance EMIs or even investing in stocks🤷🏻♀️ this is what I am thinking or believing .. and im not convinced by any other explanation so far. I get the point anyway of how not take loan instead invest. But afterall living a life of your dreams is different for different people. May be!
Excellent explanation as always while doing Excel sheet calculation showing other things in the vedio please reduce face cam (it's a personal opinion) that makes other things also betr
sir, this is exactly what I was trying to figure out from past 2 weeks with my excel If to repay loan faster or invest more aggressively...sure it did help to bring some clarity..thanks
What about risk? If market dips badly, job loss can likely happen at that time, at that time the loan will stay but not the investment or income. Bad situation can happen then… might be worse case scenario but very likely to happen (now that we have seen a lot of recessions and world events like pandemic).
According to this video, then, many people with home loan should take a top up loan, which they get at mostly same rate & invest in mutual funds. Hence, More Factors to consider are 1. Ideally one should not invest when there is loan as loan brings mental burden for most of the people, unless A. you are government employee & have job security or B. you are good at maths & understand that this mental burden is only virtual, it is just in mind & actually doesn't exists or C. you are brave enough to live life with loans or doesn't care about loans. 2. Is it the home loan on your very 1st home & you were so poor that even your parents couldn't build their own home in their life. According to financial experts, in this scenario you should pay of the loan & reduce mental burden. But according to maths, if you are in 20-30% tax bracket & enjoying the tax benefit due to home loan, then you can invest the money in safest mode of invest i. e. In SBI FDs, preferably in joint account with your "NON-EARNING" mother or father, make 200-1000 ₹/month profit by doing this (estimated by difference in FD Interest rate (0.5% extra for senior citizens in case of joint account) minus effective interest rate which comes after enjoying tax benefit) & also builds corpus to survive a crisis of sudden job loss. It is only applicable for loans less than around 22-24 lakhs & interest rates of 7-7.5%. (These exact figures shall be estimated by calculation taking into account the exact tax benefit). 3. If you decide to invest, instead, for how long you plan to invest & how much is expected returns in that period? (probably this point Ankoor covered) 🙏
@@tejasbhagat4889 I agree with first point but second one is really wrong because if you are sending the bank money in interest to save on taxes then that is a wrong game to play. You already are giving away money to bank might as well pay that in taxes and have no loans. Or instead donate that money to save on taxes at least you will feel good about it. Third point is really not a point though. It is more of a question.
@warikoo The loan are calculated on decreasing principal i.e say I have loan of 5lac and after paying emi for a year it becomes 4.5 lacs so my interest is calculated on this amount. Whereas in case of investment, interest is compounding i.e 1 lac invested at 8%, will become 1,08,000 and 8% next year will be calculated at for 1,08,000. Thus always investing your money makes sense than paying off your loan.
Hi Ankur Sir, Thank you so very much for this detailed video. As I started watching your videos since last six months. I realized my few life mistakes ( Taking personal loan to invest into Real Estate & Closing the PL at the end of the tenure ). But fortunately I feel good after watching this video that the CHOICE for closing my PL was a good (at-least not too bad) idea. Hope to see you many more learnings from you. JAZAKALLAH Thanks Mirza
Ankur... You make such informative videos... Applicable to people in all walks of life ...I feel watching your videos adds value to my day... Thanks and continue to do the good work of sharing experiences and building knowledge ☺️
To a layman like me, it seems there are other factors that should also be considered:- 1. tax benefit 2. inflation 3. floating interest rates? 4. Whether the same distribution of principle/ interest repayment method is applicable for all loans. If these were also included, it would have been a more convincing video. The explanation was also kind of all over the place. Sorry for being that guy. I just was hoping more really, from someone like you. Anyway great job like always. Big Fan.
As per my understanding it doesn't really matter how old your loan is. Till last rupee is left as outstanding loan amount, bank will exactly charge set/agreed annual interest rate calculated per month will be considered as monthly interest and rest will be your principal in total EMI you are paying. Bottom line, till last month emi you pay same intrest rate. If you think you can earn more intrest outside compared to loan interest, invest outside. If not just close the loan early. Correct me if I am wrong, I would love to be proved worng. I am a great fan of your content!!
Hi Ankur, yaar abb tum logo ke dimag padhna seekh Gaye ho... This topic was on my mind for almost 1 month and after lot of deliberation i too somewhat arrived at similar approach... Keep it up...
This suggestion works for Home loan and not for home loans taken in private bank. For car loan in Axis and HDFC bank, increasing EMI price is not applicable and for pre-payment their is a additional charges of 5% service charges and 18% GST.
lovely video sir. but i am not able to use that excel sheet. it is read only. I have also sent the message to the owner as was asked in the sheet. it will b helpful if can guide me to use that sheet.
Every tries to sell you something, some sells Insurance policy, some sells credit cards, some sells loans and some sell content, and this is best content. Make a video in how to avoid all these sellers please in all our lifes
Hello Ankur sir, I don't know if you read this and reply to my query. But hoping to get reply. I personally think that in this Loan repayment vs Investment topic, things are more complex to understand and explain when we choose stock market as a investment. To make this topic more simpler, can we take FD as hypothetical investment option where we get 8% of interest rate and home/car loan interest as 7%? I also think that we should not ignore 6% inflation rate in this calculation. We can assume that the individual has Rs 10 lakh with him on day 1 already but he want to take loan of Rs 10 lakh thinking he would get that additional 1% profit (8% interest income - 7 % interest paid) If above is the case, then according to you what should be chosen by an individual?
Hey ankur you said you are not investing in index mutual funds but you are encouraging us to invest in them . Dont you think you should invest in same insttrument before suggesting it to us ?
There is saying ki - agar aapke pas paise hai loan chukane ke aur aapke pas ek bad loan aur ek chota loan hai, toh chota loan chukae. Bada loan toh liya hi lambe samay k liye hai. This calculation says the same. Ek bada loan samay k sath chota hota jata hai.
Sir I want to know is it possible to even get 30% from stock market by investing in companies directly instead of mutual funds..if yes...then how is it possible....pls make a video on this
Solid explanation, Ankur. The excel sheet demonstration works like magic. Always great to see exactly what you’re talking about using mathematical proof on the screen.
Thanks for the video it was timed rightly for me as I'm going through this situation. However some banks (for me HDFC) charge a pre-closure penalty. In my case it is 5% + GST after 1 year in a 5 year auto loan. This was not factored in your calculations. Any idea how to handle this situation and how it would affect the decision. Thanks
I didn't understand why you said to pay towards loan if interest is more than 10%, its still less than 15% from market, so isn't it still beneficial to invest?