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How to save LAKHS on your Home Loan: Complete Guide

Labour Law Advisor 2,073,355 lượt xem 1 year ago
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The video from 10:02 - 10:55 is sponsored by the South Indian Bank. Following is a word from our sponsor:

"Are you ready to turn your dream of owning a home into a reality? Look no further than the South Indian Bank Home Loan! 🏠

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Apply for SIB Home Loan starting at an interest rate of 8.5%
*T&C apply

Digital Documentation
Up to 90% Funding on project cost

With over 94 years of banking experience, trust South Indian Bank for your banking needs.
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#SIB #SouthIndianBank #HomeLoan #TrustmeetsTechsince1929 #SIBHomeLoan #SIBMirrorplus"


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In this video you will learn,
1. How Home Loan works
2. What is EMI and how it is calculated
3. Why do you end up paying huge amounts in interests and how can you save lakhs of interest on your home loan
4. The tax benefits on home loan to save at least 70000 in taxes.
5. How does prepayment work and how you can use it to bring down your interest cost massively
6. What are the recent RBI rules on home loan that will benefit you a lot.


Chapters:
0:00 Reality of Home Loan
3:29 How does EMI work?
5:37 How can Bank increase your interest rate after taking home loan?
5:55 Floating Rate vs Fixed Rate
10:02 A word from our sponsor
10:53 How to save LAKHS in interest- Prepayment
15:55 Massive Tax benefits on home loan
17:40 RBI circular 1: reset of interest rate
19:20 BIGGEST risk of taking a home loan
21:34 RBI circular 2: return of property documents
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Read the detailed article here: https://labourlawadvisor.in/blog/how-to-save-lakhs-on-your-home-loan-complete-guide/
LLA Blog : https://labourlawadvisor.in/blog/
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