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You took the loan of 40lakhs with the Interest of 9% for 20 years

Your monthly EMI will be of ₹35,989 per month for next 240 months

You end up paying = ₹86,37,369 (35989 × 240)

You see the Interest portion is ₹46,37,369 which itself is more than your principal payment.

Crazy huh, but how can you recover this in 20 years..? Can it be done...? Can your home loan be effectively free..?

Well it can. Just by planning your finances smartly.

🔸If you start investing 0.16% of your Principal amount i.e here ₹6400 (0.16% of 40,00,000) in an equity mutual fund through SIP for the next 20 years, and assuming it delivered 12% CAGR, you'll end up getting ₹63,94,547 from which even if you remove your Invested capital i.e 15,36,000 (6400 × 240 months) you'll have the returns of ₹48,58,547.

And if you offset this return with your EMI interest, you'll ultimately make your Home loan for Free.

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