ilmscore | How To Manage FINANCES After HOME LOAN?! | Money Matters Ep. 79 | Ankur Warikoo Hindi

How To Manage FINANCES After HOME LOAN?! | Money Matters Ep. 79 | Ankur Warikoo Hindi

Published: 2025-09-17
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 4
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
An emergency fund of ₹1.5 lakh will be established by the end of the year by saving ₹10,000 monthly and utilizing existing bank balance.
"You will have around ₹1,25,000 at the end of the year. Plus this ₹34,000 that you have kept in the bank. So by the end of the year, you will have around ₹1.5 lakh which will become your emergency fund."
Emergency Fund
Correct
The 4-year personal loan, with a 16% interest rate, should be repaid within approximately 2 years.
"The sooner you repay it, the better it will be. What will happen with this? Your 48-month personal loan will be repaid within approximately 2 years."
Personal Loan Repayment
Pending
To accelerate home loan repayment, an extra EMI payment should be made annually, with the amount deducted from the principal rather than reducing the monthly EMI.
"Every year, after you pay EMI for 12 months, you will go to the bank and pay an extra EMI. After 12 months, you will go to the bank and say that I want to pay extra ₹19,000, which you should deduct from the principal and do not reduce my EMI by this. Reduce my loan tenure with this."
Home Loan Repayment Strategy
Correct
By paying one extra EMI annually and increasing the EMI by 10% each year, the 30-year home loan can be repaid in 11 years.
"And in this, if you pay an extra EMI every year and increase your EMI by 10% every year, then do you know in how many years your 30 year loan will be completed? In 11 years."
Home Loan Repayment Acceleration
Pending
Accelerated home loan repayment in 11 years will result in saving ₹27 lakh, paying ₹40 lakh instead of ₹67 lakh.
"Instead of paying ₹67 lakh to the bank, you will pay only ₹40 lakh and save the remaining ₹7 lakh as your loan will be repaid in just 11 years."
Home Loan Savings
Pending
An SIP of ₹10,000, with annual increases and a 15% average return, could grow to ₹5.07 crore by age 60.
"If you increase it by 5% every year and on an average you can earn 15%. So in these 28 years, when you retire at the age of 60, you will have ₹5 crore 7 lakh in the bank. With just ₹10,000 SIP."
Investment Growth Projection
Pending
The monthly ₹10,000 investment will transition from debt mutual funds to equity mutual funds.
"And the ₹10,000 that we were investing from debt mutual funds, we will now move it to equity mutual funds."
SIP Strategy Change
Correct
It is advised not to take any new personal loans, as it indicates spending beyond current affordability.
"But as a brother, my opinion is that I should not take a personal loan now. Taking a personal loan means you are doing something that you cannot afford right now and you should avoid that."
Personal Loan Avoidance
Correct