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Hemant Prajapati
ย โขย
Techsaga Corporationsย โขย 8m
I was listening to a podcast yesterday and found this so interesting, I had to share it with you. Okay !! Now !! . Let me tell you a story about Raj. He wanted to buy a house, so he took a โน30 lakh home loan. The interest rate was 8%, and he had 30 years to pay it back. Sounds okay, right? But guess what? After 30 years, Raj ended up paying nearly โน90 lakh! ๐๐ฒ๐ฟ๐ฒโ๐ ๐ต๐ผ๐ ๐ถ๐ ๐ฏ๐ฟ๐ฒ๐ฎ๐ธ๐ ๐ฑ๐ผ๐๐ป: ๐๐ผ๐ฎ๐ป ๐๐บ๐ผ๐๐ป๐: โน30 lakhs ๐๐ป๐๐ฒ๐ฟ๐ฒ๐๐ ๐ฅ๐ฎ๐๐ฒ: 8% ๐๐ผ๐ฎ๐ป ๐ง๐ฒ๐ฟ๐บ: 30 years ๐ ๐ผ๐ป๐๐ต๐น๐ ๐๐ ๐: โน22,000 ๐๐ฎ๐น๐ฐ๐๐น๐ฎ๐๐ถ๐ผ๐ป๐: Total EMI Paid in 30 Years: โน22,000 x 12 months x 30 years = โน79,20,000 Total Amount Paid: โน79,20,000 (EMIs) + โน30,00,000 (Principal) = โน1,09,20,000 Raj borrowed โน30 lakh, but paid back โน1,09,20,000. Thatโs almost three times the loan amount! ๐๐ฉ๐ช๐ด ๐ฉ๐ข๐ฑ๐ฑ๐ฆ๐ฏ๐ด ๐ฃ๐ฆ๐ค๐ข๐ถ๐ด๐ฆ ๐ฐ๐ง ๐ค๐ฐ๐ฎ๐ฑ๐ฐ๐ถ๐ฏ๐ฅ๐ช๐ฏ๐จ ๐ช๐ฏ๐ต๐ฆ๐ณ๐ฆ๐ด๐ต. ๐ ๐ฐ๐ถ ๐ฅ๐ฐ๐ฏโ๐ต ๐ซ๐ถ๐ด๐ต ๐ฑ๐ข๐บ ๐ช๐ฏ๐ต๐ฆ๐ณ๐ฆ๐ด๐ต ๐ฐ๐ฏ ๐ต๐ฉ๐ฆ ๐ญ๐ฐ๐ข๐ฏ; ๐บ๐ฐ๐ถ ๐ฑ๐ข๐บ ๐ช๐ฏ๐ต๐ฆ๐ณ๐ฆ๐ด๐ต ๐ฐ๐ฏ ๐ต๐ฉ๐ฆ ๐ช๐ฏ๐ต๐ฆ๐ณ๐ฆ๐ด๐ต ๐ต๐ฐ๐ฐ. ๐๐ตโ๐ด ๐ญ๐ช๐ฌ๐ฆ ๐ข ๐ด๐ฏ๐ฐ๐ธ๐ฃ๐ข๐ญ๐ญ ๐ต๐ฉ๐ข๐ต ๐จ๐ฆ๐ต๐ด ๐ฃ๐ช๐จ๐จ๐ฆ๐ณ ๐ข๐ฏ๐ฅ ๐ฃ๐ช๐จ๐จ๐ฆ๐ณ. ๐ฆ๐ผ, ๐๐ต๐ฎ๐ ๐ฐ๐ฎ๐ป ๐๐ฒ ๐น๐ฒ๐ฎ๐ฟ๐ป ๐ณ๐ฟ๐ผ๐บ ๐ฅ๐ฎ๐ทโ๐ ๐๐๐ผ๐ฟ๐? ๐ฅ๐ฒ๐ฎ๐ฑ ๐๐ต๐ฒ ๐๐ถ๐ป๐ฒ ๐ฃ๐ฟ๐ถ๐ป๐: Always understand your loan terms. ๐๐๐ธ ๐ณ๐ผ๐ฟ ๐๐ผ๐๐ฒ๐ฟ ๐ฅ๐ฎ๐๐ฒ๐: Try to get the lowest interest rate possible. ๐ฃ๐ฎ๐ ๐ ๐ผ๐ฟ๐ฒ ๐ช๐ต๐ฒ๐ป ๐ฌ๐ผ๐ ๐๐ฎ๐ป: Extra payments can reduce the total interest you pay. Letโs make sure our dream homes donโt turn into financial nightmares. Stay smart with your money! #FinancialTips #HomeLoans #InterestRates #SmartBorrowing #PersonalFinance #MoneyMatters #LoanAdvice #FinancialLiteracy #CompoundInterest
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