Ep – 20
20 Feb 2025
Are you paying more for your home loan than you should? Most borrowers don’t realize they could save lakhs in interest with the right strategies! In this episode of Simple Hai!, Rishi Anand, MD & CEO of Aadhar Housing Finance Ltd., breaks down how to pay off your home loan faster, borrow smartly, and avoid common loan traps.
The real cost of home loans goes beyond just the principal amount—banks structure EMIs in a way that maximizes interest payments in the early years. Understanding this can help you take control of your loan and reduce your debt more efficiently. Young Indians today are borrowing differently, not just for homeownership but also for travel, weddings, and lifestyle expenses.
While this provides financial flexibility, it also raises the question of whether it’s a smart move or a potential debt trap. Financial literacy is key to navigating these decisions, and adopting smart borrowing habits can help you manage loans effectively and become debt-free sooner. Additionally, advancements in technology and government initiatives have made loan approvals faster and housing more affordable, but are you making the most of these opportunities?
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