Home Loan Mistakes That Cost You LAKHS - How to Pay Off Faster | Ankur Warikoo Hindi

Video Description

My new book Build An Epic Career is out now! Discover 15 career tools, avoid common mistakes, and build the mindset for career success. Grab your copy here: https://amzn.to/4hdcQG2 If you wish to be part of the Money Matters series, please fill up this form: https://forms.gle/G3wwgpVjctRneyQv6 Download the Excel sheet here: https://bit.ly/3SHjxqu In this video, I break down the biggest mistakes people make when taking home loans and share proven strategies to pay them off faster. I explain how home loan EMIs are structured - and why you'll be shocked to learn that after paying ₹22.5 lakhs over 5 years on a ₹45 lakh loan, you'll still owe ₹39 lakhs! I also cover floating interest rates, prepayment options, and the crucial decisions you need to make when rates change to avoid extending your loan tenure unnecessarily. I demonstrate with real calculations how simple strategies like paying one extra EMI per year and increasing your EMI by 5-10% annually can save you lakhs of rupees and reduce a 25-year loan to just 10-12 years. I also share when it makes sense to prepay your loan versus investing elsewhere, plus important tax benefits under the old tax regime. Remember, your home loan should work for you, not against you - and with the right approach, you can become debt-free years ahead of schedule. #HomeLoan #PersonalFinance #DebtFree ------------------------------------------------------------------------------------------------------------------------------ My Money Apps: Indian Stock Investing (Zerodha): https://bit.ly/3iYKROh Mutual Fund Investing (Coin by Zerodha) (You will need to create a Zerodha account for it first. Coin is free): https://bit.ly/3iYKROh US Stock Investing + Investment Tracking (INDMoney): https://bit.ly/3tT5moR How to pick the right insurance (Ditto): https://bit.ly/3xFh7OU The above links are for products that I personally use for my own investing. If you create an account on any of these using the above links, I stand to make a referral income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L, in 2022 we contributed 53L, in 2023 we contributed 56L and in 2024 we contributed 43L. DO NOT assume that these are the best products in the industry. Please do your research and let me know if you have any questions. My bestselling books: 'Make EPIC Money' here: https://amzn.to/3WHJ43F ‘Get EPIC Shit Done’: https://amzn.to/4fK1IR5 ‘Do Epic Shit’: https://amzn.to/4fK9uuv My gear for shooting this video: 🎥 Sony a7III camera: https://amzn.to/3GtfwCJ 🎬 Sony FE 24-70 f2.8 Lens: https://amzn.to/4klYm82 📹 Sony E Mount FE 24-50mm F2.8: https://amzn.to/3I6LfKy 🎙 Shure SM7B Microphone: https://amzn.to/3Tk5Ygk 🔆 Godox Fill Light 60W: https://amzn.to/4exQvmL 💡 Godox Key Light 150W: https://amzn.to/3TQau6p 📽 Benro IT15 Tripod for Sony a7III camera: https://amzn.to/4km4ZXP 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, in 2022 we contributed 53L, in 2023 we contributed 56L and in 2024 we contributed 43L. DO NOT assume that these are the best products in the industry. Please do your research and let me know if you have any questions. Let’s connect online: 🎙 My weekly podcast Woice with warikoo (Spotify): https://open.spotify.com/show/1g7wpoqydK6hszvi4DFywg 📩 My weekly newsletter warikoo Wanderings: https://ankurwarikoo.com/newsletter/ 📱 Instagram: https://instagram.com/ankurwarikoo 🐦 Twitter: https://twitter.com/warikoo 👨🏻‍💻 LinkedIn: https://www.linkedin.com/in/warikoo 😄 Facebook: https://www.facebook.com/awarikoo/ 🖋 Daily Blog: https://ankurwarikoo.com/blog/