Loan Tenure Decides Your Gains..!


Assuming a Rs. 50 lakh home loan for 20 years which you are paying 12.5% interest, here's what you stand to gain..!

                                              If the Home loan interest rate is lowered by

Remaining loan tenure          0.5%                     1%                             1.5%

20 years                           2 years 2 Months     3 years 7 Months               4 years 9 Months
15 years                           1 year                     1 year 8 Months                  2 years 5 Months
10 years                           4 Months                 7 Months                             1 Year
5 years                             Negligible              1 Month                               2 Months   
Share:

No comments:

Post a Comment

Popular Posts

Blog Archive

Recent Posts

Featured Post

Mutual Fund Investment Tracing and Retrieval Assistant – MITRA – SEBI

Mutual Fund Investment Tracing and Retrieval Assistant – MITRA – SEBI   SEBI proposes MITRA to reduce unclaimed amount in mutual funds...