₹24K Income, ₹4.5 Lakh Loan TRAP - How to SOLVE?! | Money Matters Ep. 83 | Ankur Warikoo Hindi
Published: 2025-10-15
Status:
Available
|
Analyzed
Published: 2025-10-15
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Loan Against Property (LAP) can be obtained for 75-80% of the house's value, with interest rates around 9-10%, which is cheaper than a personal loan.
"You can get Loan Against Property. Mostly, you can get a loan of 75 to 80% of the value of the house. And it is much cheaper than personal loan. It is slightly more expensive than a home loan. So if you get a home loan at 8.5 or 9%, then you can get a loan against property at 9-10%."
Correct
A 5 lakh loan taken at 9.5% interest for 10 years would have an EMI of ₹6,470, allowing for settlement of personal loans.
"If you take a loan of Rs 5 lakh and take it at 9.5%. Even if you take it for 5 years, your EMI will be only ₹10,000. If you extend this 5 years to 10 years, then your EMI will be ₹6,470 which is quite less and you will get ₹5 lakh with which you can settle both your personal loans."
Correct
Investing ₹4,000 monthly, with a 5% annual increase and a 15% return rate, could result in approximately ₹70 lakh within 20 years.
"If we take that ₹4000 only which you can save every month. If you keep your income at ₹24000. It costs ₹10,000. If you have a bike worth ₹300 and a home loan of ₹6500, then if you invest that ₹4000 every month and increase it by 5% every year and if you keep investing it at 15%, then by doing this you will have around Rs 70 lakh within 20 years."
Pending
Restructuring loans via LAP and increasing income to create a buffer is crucial for disciplined investment, enabling significant wealth accumulation over time.
"But it is very important to make this commitment for a long time and that will happen only when you create an income buffer for yourself. So, restructure your loan by taking a home loan or loan against property as it is called and then focus on gradually increasing your income so that whatever surplus you have, you start investing it with discipline."
Pending
By age 40, increasing current monthly income of ₹24,000 to ₹35,000 and investing the surplus could lead to financial independence.
"By the age of 40, try to increase your monthly salary of ₹24,000 by working as hard as Kabir, try to take it to 26, 27, 28, 30, try to take it to 35. Because whatever extra money you earn, if you invest it properly, then by the age of 40 you will reach a stage where of course you will not have to do all these things."
Pending
A 3 lakh loan is being offered for settlement at 1 lakh, while the 2 lakh loan has no settlement offer yet, with potential for higher charges or UMO.
"For the loan of Rs 3 lakh, they said that it will be settled for Rs 1 lakh and for the loan of Rs 2 lakh, no settlement offer or anything has come yet. He says that you either do four plus or do it on UMO."
Pending
Loan Against Property (LAP) interest rates are estimated to be between 9-10%, slightly higher than home loan rates (8.5-9%).
"So if you get a home loan at 8.5 or 9%, then you can get a loan against property at 9-10%."
Correct
Loan Against Property (LAP) can be taken for a long duration, up to 10 years, which can significantly reduce EMIs.
"But the best thing is that the duration of loan against property is very long. So you can take this loan for 10 years."
Correct
Within 10 years, financial stability will provide the ability to take risks, pursue new ventures, or support family businesses.
"And all other things will come. Many more opportunities will come. But most importantly, you will have the ability to take risks. And wherever you want to go, whatever new work you want to do or open a business or help your father in his shop or do anything else, you will have the ability to do that because you will have the backing of money."
Pending
Despite potentially being more expensive, a Loan Against Property (LAP) is recommended if the individual is willing to mortgage their house.
"So it is certain that this loan will be expensive for you but because you are ready to mortgage your house. You should get this loan."
Pending
Loan Against Property (LAP) can be obtained for 75-80% of the house value, with interest rates around 9-10%, and can be taken for up to 10 years, leading to significantly reduced EMIs compared to personal loans.
"If you mortgage it and take a loan against it. This is called Loan Against Property (LAP). You can get Loan Against Property. Mostly, you can get a loan of 75 to 80% of the value of the house. And it is much cheaper than personal loan. It is slightly more expensive than a home loan. So if you get a home loan at 8.5 or 9%, then you can get a loan against property at 9-10%. But the best thing is that the duration of loan against property is very long. So you can take this loan for 10 years."
Correct
A 5 lakh loan at 9.5% interest will have an EMI of ₹10,000 over 5 years, or ₹6,470 over 10 years, which can be used to settle personal loans.
"If you take a loan of Rs 5 lakh and take it at 9.5%. Even if you take it for 5 years, your EMI will be only ₹10,000. If you extend this 5 years to 10 years, then your EMI will be ₹6,470 which is quite less and you will get ₹5 lakh with which you can settle both your personal loans."
Correct
Investing ₹4000 monthly, increasing by 5% annually at a 15% return, could result in approximately ₹70 lakh in 20 years.
"If we take that ₹4000 only which you can save every month. If you keep your income at ₹24000. It costs ₹10,000. If you have a bike worth ₹300 and a home loan of ₹6500, then if you invest that ₹4000 every month and increase it by 5% every year and if you keep investing it at 15%, then by doing this you will have around Rs 70 lakh within 20 years."
Pending
If monthly investments are increased to ₹6,000 for 20 years, it could potentially reach ₹1.06 crore.
"But we have to start. Now if you work a little harder on this 4000 and say that friend, I have to increase my salary of ₹4,000 to ₹8,000. And out of the ₹8,000 that you have, I will give ₹20,000 to the family but I will invest the remaining ₹000. If you do not invest even ₹000, then even that ₹6,000 and do it for 20 years, you will have ₹1 crore 6 lakh."
Pending
Target to increase monthly income from ₹24,000 to ₹35,000 by age 40.
"By the age of 40, try to increase your monthly salary of ₹24,000 by working as hard as Kabir, try to take it to 26, 27, 28, 30, try to take it to 35."
Pending
Within 10 years, significant financial changes are expected, leading to not needing to drive for Rapido anymore.
"By the age of 40 you will reach a stage where of course you will not have to do all these things. And I am very sure that all this will change within 10 years. You will not have been driving Rapido for 10 years."
Pending
Despite being more expensive, a Loan Against Property is recommended due to the collateral of the house.
"So it is certain that this loan will be expensive for you but because you are ready to mortgage your house. You should get this loan."
Pending