Thinking of Taking a Loan? Watch This First! | 3 Crucial Points to Consider Before Borrowing Money скачать в хорошем качестве

Thinking of Taking a Loan? Watch This First! | 3 Crucial Points to Consider Before Borrowing Money

Google Form Link https://forms.gle/xjmqMK6ig7GqyZEK9 To Join CA Subin - Finance & Tax Community click below https://chat.whatsapp.com/Jmj2RdOFn2p... If you need any clarification/opinion viewers may WhatsApp 7012243098 If you would like to contact CA Subin VR directly you can book a time slot by messaging to above number. Or can send message to the below direct link https://wa.me/917012243098 Loans can help during urgent financial needs—but if taken without proper understanding, they can also lead to long-term stress and financial burden. In this video, we discuss *three vital points* that everyone must consider before applying for any type of loan—whether it's a personal loan, home loan, business loan, or even a car loan. If you're on the fence about borrowing money or just want to make sure you're making the right financial decision, this video is for you! --- 🔎 *Here's what we cover in detail:* ✅ 1. *Is the Loan Truly Necessary?* Many people take loans without a clear idea of why they need them. If you don’t have a well-defined purpose or if it’s something that can be postponed, it’s best to **avoid borrowing altogether**. Ask yourself: Is this a need or just a *want*? Will this loan improve my life or financial situation in the long run? Can I afford the EMIs (Equated Monthly Installments) consistently? *Remember:* Borrowing without a purpose often leads to misuse of funds and unnecessary financial pressure. --- ✅ 2. *Do You Already Have Funds?* Before applying for a loan, check your **own financial resources**. Do you have savings or investments that can be used instead? If you already have the money to cover the expense, it’s usually smarter to use it rather than pay interest on borrowed money. *Tip:* Use loans as a last resort, not the first option. Why pay interest if you don’t have to? --- ✅ 3. *Loan Terms: Interest Rates & Preclosure Options* If taking a loan is *unavoidable*, then be a smart borrower. Don’t just walk into the nearest bank or accept the first offer. Instead: *Compare interest rates* from different banks and lenders. A small difference in rate can save you thousands over the loan tenure. Check for *hidden charges* like processing fees, late payment penalties, and prepayment clauses. *Preclosure/Prepayment Option:* Always choose a loan that allows you to repay early without high penalties if you get extra funds in the future. This helps you become debt-free faster and reduces overall interest paid. --- 💬 *Final Thoughts:* Loans are tools—not solutions. When used wisely, they can support your financial goals. But when used carelessly, they can trap you in years of debt. Take a step back, evaluate your situation, and then decide if a loan is truly the right move for you. --- 📽️ *Watch the full video to gain deeper insight into each point, and learn how to make borrowing a strategic decision—not an emotional one.* 👍 Like this video if you found it useful 📢 Share it with friends or family planning to take a loan 🔔 Subscribe for more financial wisdom and money-saving tips --- *#LoanTips #BeforeYouBorrow #PersonalFinance #SmartBorrowing #FinancialPlanning #InterestRates #Preclosure #DebtFreeJourney #MoneyManagement* --- Viewers may also check for other articles and similar contents at the below links.   / krishnanisation   https://www.instagram.com/subins_clic... https://www.facebook.com/CA.Subin.VR/... Disclaimer: This video is intended for education purpose only and not for the purpose of soliciting business. The viewers shall take professional advice before taking any decisions on the matters specified in the video. The matters discussed in the video may subject to change due to amendments in various Acts/Rules etc. This channel will not responsible for any damages caused to the viewers. for the detailed information on disclaimer please visit the link below. https://www.termsfeed.com/live/0f12f3...