💳 Loans & Credit
Home loan, personal loan, credit cards, CIBIL score, prepayment strategy, debt avoidance.
The workflow
flowchart LR
A[Loan need] --> B{Type}
B -->|Home| C[Lowest rate ~8.5%<br/>tax benefits §24, §80C]
B -->|Personal| D[High rate 11-18%<br/>avoid unless emergency]
B -->|Credit Card| E[Pay full bill<br/>monthly to avoid 36% APR]
C --> F[Prepay when surplus<br/>save lakhs in interest]
D --> G[Compare bank vs NBFC,<br/>no prepayment penalty]
E --> H[CIBIL 750+ for<br/>best card offers]
F --> I[Maintain CIBIL 750+]
G --> I
H --> I
Home loan = leverage to be used. Personal loan / CC revolving = wealth destruction.
Key takeaways
Videos (15)
How to Prepay a Home Loan in 10 Years | Home Loan vs Investing in Mutual Funds
Stepping up prepayments by 10% a year can close a 20-year home loan in 10 years, but investing the same surplus in mutual funds usually leaves you Rs.4+ lakh richer.
Clear Your Debts Easily Like This: Leave the EMI Trap Forever (Must Watch)
Pick Snowball if debt is overwhelming you emotionally and Avalanche if you can plan calmly - but never take a personal loan to buy depreciating assets or land.
How to Clear Your Home Loan in the Shortest Time | Repayment Strategy with Free Advanced Calculator
A disciplined annual step-up in EMI payments can shave several years off a 20-year home loan and save you over Rs.7 lakh in interest.
How To Clear Home Loan Faster in India - Strategy to Clear in 10 Years
Routing salary increments and bonuses into home loan prepayments is the simplest reliable way to close a 20-year loan in roughly 10 years.
New Dangerous Home Loan Rule You Must Know
Maintain a 6-12 month EMI buffer and loan insurance before taking a home loan because banks can auction your home after just three missed EMIs.
Best Credit Cards 2025 | Get Maximum Benefits from your Credit Cards
Choose credit cards whose reward and cashback structure matches your real spending pattern.
Credit Card Horror: One Small Mistake Led to a Lakhs-Worth Bill
Regularly monitor your CIBIL report because a tiny unpaid transaction can balloon into lakhs of rupees in dues through compounding interest and penalties.
Ask EP-87: Which Is Best, Fixed vs Floating Interest Rate?
Floating-rate loans usually work when rates are falling or volatile, fixed when rates are rising — and avoid theme funds unless you genuinely want the theme exposure.
EP-226 | How to Clear Education Loan | #askmoneypurse
Use Section 80E tax benefits and prepay aggressively to clear education loans, and for stocks like Tejas Networks judge whether falls are buying opportunities or signal exits.
Ask Ep-160 Can I Take Loan Against Mutual Fund?
Loan-against-mutual-fund at ~9-10% is cheaper than personal loan; chemicals sector is bottoming but rebound is at least a quarter away.
How to Improve CIBIL Score? Check It for FREE | Get Low Interest Loan
Pay on time and keep utilisation under 30% to maintain a strong CIBIL score for cheap loans.
2026 Best Credit Cards | Free International Trip + Hotel?
Credit cards are profit machines for issuers via revolver interest (40-48%) and 'No Cost EMI' tricks — pay full balance and avoid minimum-due trap.
Ask EP-116 How to Close Unknown and Unnecessary Loans?
To clean up forgotten app-based loans, pull your CIBIL personal information report - it lists every active credit account.
3 more months EMI Moratorium extension | Home Loan Interest Rates will fall | RBI Monetary Policy
Use the 3-month EMI moratorium extension only if your income is actually disrupted - otherwise it just balloons your interest cost.
