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All must be paying Home Loan EMI for Dream home.
It pinches a lot.
Ever thought of a way to get all the principal and interest back.
Is it possible. How?
It pinches a lot.
Ever thought of a way to get all the principal and interest back.
Is it possible. How?
If interested, read on...
Invest 10% extra of your Home Loan's EMI in Mutual Fund Equity SIP and all your Home Loan principal and interest will be recovered with profit in 20 years.
Example :- For Home Loan of Rs. 20 Lacs with a term of 20 Years at 10.50% interest rate, EMI will be Rs. 19,968.
So, In 20 Years one will pay a total Rs. 47,92,930 towards Home Loan, viz-
Interest :- Rs. 27,92,930 &
Principal :- Rs. 20 Lac
Interest :- Rs. 27,92,930 &
Principal :- Rs. 20 Lac
and a SIP of Rs. 2000 for 20 Years with 20.4% expected return, the Fund Value will be Rs. 52,10,018
(SENSEX has given avg return 20.4% in Last 36 years from 1979 to 2015)
(SENSEX has given avg return 20.4% in Last 36 years from 1979 to 2015)
Thus you get back all your Principal and Interest and plus you earn a cool profit of Rs. 4,17,088.