Do you know that the interest you pay on the home loan often becomes higher than the loan amount.

If you calculate the amount you pay for a home loan of Rs 25 to 30 lakh, you will realize that the loan will become double for you.

If you are a smart investor, you can eliminate this loss.

A systematic investment plan (SIP) in mutual funds can help you with this.

Right from the start of the home loan EMI, you can recover the entire cost of the home loan if you start a SIP equal to 10% of the EMI.

*Total home loan amount: Rs 30 lakh
* Mandate for EMI: 25 years
* Interest rate: 6.75 percent (SBI)
* EMI per month: Rs 20,727
*Total interest: Rs 32,18,204
* Total payment: Rs 62,18,204

Here, on a loan of Rs 30 lakh, you have to repay around Rs 62 lakh in 25 years, which is more than double the principal amount.

Now we will calculate the SIP and its interest amount
* Monthly SIP: Rs 2000 (10% of EMI)
* Mandate for SIP: 25 years
* Estimated return: 15% per year
*Amount invested: Rs 6 lakh
*Total value of SIP: Rs 65.7 lakh

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