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

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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

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