Welcome to the ffreedom app's course "How to Close Your Home Loan Faster and Save Lakhs?". Through this course, you will learn how to pay off your home loan before the term ends and save lakhs in the process. Your guide for this course is Mr. Sharath M.S., a senior journalist and personal finance writer.
Owning a home or flat is a dream for everyone. However, many people struggle with paying off their home loans. This is because home loans are long-term commitments, typically ranging from 15 to 25 years. In the initial years of the loan, a large portion of the EMI payments goes towards interest, with only a small amount going towards the principal. As a result, many end up spending half their lives repaying this loan.
Many borrowers are wondering how to reduce the burden of their home loans quickly. But by making small changes in the loan repayment process, you can reduce the interest burden, shorten the repayment period, and close your home loan early. This course is designed to teach you exactly how to do that.
In this course, you will learn what a home loan is, the rules of borrowing, EMI calculations and how the loan tenure affects the borrower. You'll also explore strategies to pay off your home loan early, practical tips on using a home loan calculator, and understand what loan switching is and how it works. Additionally, you'll discover whether it's better to repay the loan first or invest and what steps you should take after paying off the loan. So, watch the complete course now, pay off your home loan early and save lakhs.
In this module, learn what a home loan is and how it works, along with the rules governing it
In this module, understand EMI calculations, including the amount going towards principal and interest in each monthly installment
This module explains the impact of loan tenure on the interest you pay, whether the tenure is extended or shortened
This module provides strategies to repay your home loan quickly and save lakhs
This module teaches you how to use a home loan calculator practically
This module shows how to reduce your interest burden through loan switching or transfer
This module explains whether to focus on repaying the loan first or investing, and provides guidance on where to invest if you choose to do so
This module outlines the essential steps to take after repaying your home loan
This module offers expert tips and advice for those who have taken or are planning to take a home loan
- Individuals who have taken a home loan
- Those who are considering purchasing a house
- People who are planning their finances
- Individuals who are financially aware
- Those who want to learn more about home loans
- People seeking financial independence
- Strategies to repay your home loan quickly
- Techniques to save lakhs on interest
- Understanding whether to repay the loan first or invest
- Using a home loan calculator
- EMI calculations for a home loan
- The steps you should take after repaying your loan
Once you purchase a course, it is with you forever on the ffreedom app. You can learn and revisit the chapters any number of times.
You can view the course videos at your convenience by downloading the entire course content on your mobile. Learn at your pace and from anywhere.
Get certified on completing a course. Each course will earn you a certificate that will help you display your newly gained skills.
Get certified on completing a course. Each course will earn you a certificate that will help you display your newly gained skills.
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