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Rupeetool
@RupeetoolByFGM
Your one-stop solution for all personal finance and stock market news in India 🇮🇳 On a mission to make India financially literate
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Apr 14
•
9 tweets
•
2 min read
Rahul took a ₹60,00,000 home loan in 2020 for 20 years at 9% interest.
He paid it off in just 11 years and saved ₹30,60,475 in interest.
That’s 44% less interest. Same loan. Same bank.
Here are the 2 hacks he used 🧵👇 [1] First, the truth about home loans.
After paying EMIs for 10 full years, Rahul still owed ₹42.6L to the bank.
Only ₹17.4L of the actual loan was cleared.