Home Loan @ 0% Interest
Dear friends,
You all must be paying home loan EMI for your dream home....
Have Ever thought of a way to get all the principal and interest back when u finishes ur EMI....
No na...
Is it possible.
How?
Lets find out...
Invest 10% extra of your Home Loan's EMI in mutual fund Equity SIP and all your home loan principal and interest will recovered with profit in 20 years.
Example: For Home Loan of 20 Lac for 20 Years with ROI 9.5%( assumed)
EMI will be Rs. 18863/- ( image attached below for ref)
In 20 Years one will pay total towards Home loan will be
Rs. 44,74,320=00
Principal: 20,00,000=00 &
Interest: 24,74,320=00
-----------------------------------
Total - 44,74,320=00
Image attached....
Saving of just 2200/- per month in addition to ur EMI for 20 Years with a return of 18% CAGR
u will get. 51,55,672/-
( SIP in Diversified MF has given avg return 20% plus in Last 20 years from 1995 to 2015)
Sip of 2200*240= 5,28,000
Principal: 20,00,000=00
Interest: 24,74,320=00 &
SIP amt: 05,28,000=00
-----------------------------------
Total - 50,02,320=00
Thus you get back all your principal and interest back...plus earn a cool profit too!!!
Kool na🍻
So start ur SIP now...
🎯 Start your SIP now and enjoy interest free home loan.
SOME ONE WAS SPECTIKAL ABOUT 18% CAGR...
FOR THEM, I calculated at 15% CAGR....
So here goes...
If you avail Home loan of 10 lacs for 20 years with an interest rate 9.5% your.....
Monthly EMI: Rs. 9,321.31/-
Principal Amt : Rs. 10,00,000/-
Interest Payable : Rs. 12,37,144/-
Total Amt Payable: Rs.22,37,115/-
-------------------------------
💢 Now to get back your interest you just have to keep aside 0.20% of your home loan amount.
ie 0.10% of 10,00,000/- is 2,000/- per month till the tenure of your home loan.
Start an SIP Till the tenure of your home loan with the amount you are keeping aside. (ie Rs. 2,000/-)
-------------------------------
💢what will be value of Rs. 2,000 pm @15% if invested through SIP❔
After 20 years➡
Principal Amt: Rs. 4,80,000/-
Value@ 15%: Rs. 26,54,147/-
-------------------------------
In Home Loan you pay an Interest + Principal of Rs. 22,37,144/- in 20 years.
While in Mutual fund SIP you generate a wealth of Rs. 26,54,147/- which is more than the Interest amount you are paying in next 20 years.
🎯 Start your SIP now and enjoy interest free home loan.
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