A 100% Interest Return loan Scheme - Droplets Home Loan+




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 We know so many people that have a home loan. How much ever they try to, they still pay a minimum of 40% to 90% of principal as Interest to the lender. We delved about this and wanted to give our readers a plan that helps them reclaim the interest portion. 

 We have normally noticed that most of the home bought are about 40 lacs. WIth 20% down payment, the loan amount comes to 32 lacs. On a loan taken for 15 years at 8.6%, the EMI works out to be INR 31,700. If the loan is duly completed in 15 years, the total interest paid is 25 lacs. Now we have to do plan to get this 25 lacs back.  

But the plan is good only if there is no extra payout that the borrower has to make. So we suggest that you extend the loan tenure to 20 years. This will save you 3,700 per month in EMI. Next, Invest the EMI savings in a good equity fund for 20 years. Let's see what happens now. 


As one can see by simply managing one's investments better, One cannot only own a home but create a corpus equal to the Interest paid. We can use such a corpus as our retirement fund. 

We request that one should consider any investment plan with their financial advisors so as to employ the best strategy for one's hard-earned money.  



For financial planning and investment related queries, write to us at dropletadvisory@gmail.com or call us at 9962399924 / 9551373455.


Click here to read in Tamil

Comments

  1. Dariya25 June 2020 at 03:39

    Thanks for sharing the information. That’s a awesome article you posted. I found the post very useful as well as interesting. I will come back to read some more sensex

    ReplyDelete

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