This is the archive of all our articles related to debt, loans and credit including credit cards
How high can my home loan EMI be? What percentage of my gross monthly income can I afford to set aside for servicing my home loan EMI? These are questions that I have often seen in personal finance forums. When I recently saw it at Facebook group Asan Ideas for Wealth, I thought of discussing…
Continue reading →Use this calculator to analyze if you should pre-pay your home loan asap or invest instead. This is now republished after correcting a bug pointed out by Ankush. I had posted an illustration of prepay vs invest in June but did not post the associated sheet. I have now modified the sheet to include new…
Continue reading →Use this Excel-based template for creating an amortization schedule for your home loan. It allows you to visualize the monthly and yearly evolution of interest and principle components and the balance of the loan. It can accommodate regular (monthly, quarterly, bi-annual and annual) and irregular (random months) pre-payment schedules. It can also handle a loan…
Continue reading →As someone who knows very little about home loans, the popularity of the titular question never fails to surprise me. When this question was asked again in the facebook group, Asan Ideas for Wealth (AIFW), I learnt something new. Here is an account of my understanding. I thank the members of AIFW for their insight….
Continue reading →“This is a guest post from Abhinav Gulechha. Abhinav is a Certified Financial Planner and writes at www.sohamfp.com. Views expressed are personal.” ~~~~~~~~~~~~~~~~~~ In today’s credit-driven economy in which we live, one can buy anything provided you have the income to support it. Owing to an easy availability of home loans and rising salary levels, it…
Continue reading →This is a guest post by Jaina Shah (Co – Founder and Director – Credexpert). Credexpert is a credit and debt counselling company and has a team of industry experts who handhold individuals through their credit life cycle. Follow these simple 5 steps and you will always have no debt stress or find yourself in…
Continue reading →Recently subra wrote an article on Payoff Mortgage or Invest…continued. Here is a calculator to fortify the argument I have modified my financial freedom calculator to accommodate immediate lump sum investment to the lender to check if that option is better than investing the money for retirement (aka financial freedom) The excel file explains the…
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