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Pay 25 YEARS Loan in 10 Years. home loan, savings, emi, financial tips, money hacks #finance #money
How to Pay Off a 25-Year Loan in Just 10 Years! 🏠💰
​Stop letting interest eat your savings!
• In this video, we break down two powerful strategies to slash your home loan tenure from 25 years down to 10 years.
Using a 50 Lakh Loan at 8.5% interest as an example, we show you how simple changes to your payment plan can save you decades of debt.
​Two Simple Strategies:
• ​The 13th EMI Hack: By paying just one extra EMI every year, you can reduce your 25-year tenure to 20 years.
• ​The 7.5% Step-Up: Increasing your monthly EMI by 7.5% annually (as your income grows) can bring that 25-year loan down to 12 years.
• ​The Ultimate Combo: Combining both strategies—paying one extra EMI per year AND increasing your monthly payment by 7.5% annually—will help you finish your 25-year loan in just 10 years.
​Don’t forget to:
• ​Like if you found this helpful!
• ​Share with a friend who just took out a loan!
• ​Subscribe for more smart money moves and financial hacks! 🚀
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