Do you know??????
💢You can get back all your Home loan interest you pay through Monthly Installaments .
Not believing ???????
Its true. Lets do some maths
💢 If you avail Home loan of 10 lacs for 20 years @ 9.5% Per Annum
Monthly EMI: Rs. 9,321.31/-
Principal Amount : Rs. 10,00,000/-
Interest : Rs. 12,37,144/-
Total Amount Payable: Rs.22,37,115/-
💢 Now to get back your interest you just have to keep aside 0.10% every month of your home loan amount.
That Mean : 0.10% of 10,00,000/- is 1,000/- per month for 20 years .
Now start an SIP Till the tenure of your home loan with the amount you are keeping aside. ( Rs. 1,000/-)
Lets assume we get 15% annual return for sip every year.
After 20 yearsâž¡
1000X12X 20 = 2,40,000. /-
Value@ 15%: Rs. 14,97,239/-
In Home Loan you pay an Interest of Rs. 12,37,144/- in 20 years.
While in Mutual fund SIP you generate a wealth of Rs. 12,57,239/- which is more than the Interest amount you are paying in next 20 years.
🎯 Start your SIP now and enjoy interest free home loan.