Shreyaa Kapoor Instagram – Owning a house is a dream for many – what often stops us from from fulfilling it is the insane high interest that comes with it. 🫠
Consider this: A 1 Cr home loan taken at 9% interest will amount to 1.15cr in just interest amount. 😅
So what do you do?🫡
Something that can help reduce the burden is starting an SIP of 0.10% of the house value in mutual fund to recover the interest, just as discussed in the video!🙌🏼
You can use any SIP calculator available online to do this calculation for your specific loan amount. 🙌🏼
This calculation assumes that you will never increase your monthly SIP which is obv not true becuase as your income increases – so will your invested amount!🌟
Share this with all your friends who are planning on buying a house soon! 🎉
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[home loan, loan tips, loan, home, personal finance, finance tips, money matters, money tips, finance, mutual fund, SIP, investing] | Posted on 05/Jun/2024 20:00:07
