If you or someone you care for is going through a trap of huge loans, then here is the stepbystep process of how you can get out of them.
I really hope for you that you get of that as quickly as possible, and also start taking steps towards your financial freedom:
Use this excel sheet to recalculate your EMIs to pay off your loan early:
Here are my previous videos for your deeper understanding:
How to pay a 25year loan in 10 years: https://bit.ly/3vPSqgf
50:30:20 Rule: https://bit.ly/3KU61ti
How to create an Emergency Fund: https://bit.ly/3Id3qsV
Understanding Life and Health Insurance: https://bit.ly/3vln8gY
00:00 Introduction
01:25 Prioritise your loans
03:55 Increasing the loan tenure
05:55 Raise EMIs or pay lumpsum
08:40 Refinance your loan
10:50 Take another loan
12:00 Prepare a budget
14:25 Settlement
17:00 Bonus tips
19:00 Conclusion
#Warikoo #LoanRepayment #BadDebt
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