Emi calculate: Banks and HFCs offer myriad

Banks and HFCs offer myriad loan schemes to attract and retain customers and turn a profit in the competitive loan sector. The schemes vary the loan repayment methods, interest rates, interest rate types (ex: floating, fixed, dual rate) etc. Each scheme comes with its own terms & conditions and appeals to individual needs of different… Continue Reading Looking for a short term loan to fund an emergency in the family? Among various ways to raise short term debt, a loan against your existing fixed deposit might just be one of the quickest. In this post, I will discuss loan eligibility, interest rate and pros and cons of such loans. We will also… Continue Reading When you purchase an under-construction property, your bank may link the disbursal of home loan to the construction stages of the property. In such cases, you will either be asked to pay pre- EMI OR given an option to choose between pre- EMI and full EMI payments. What is Pre- EMI ? As you are probably aware, Equated Monthly… Continue Reading Manufacturers and sellers lure buyers with low EMI payments and buyers fall into the trap without understanding the interest rate for such loans. Given the loan amount (i.e., item price), EMI and tenure, this calculator helps you estimate the interest rate on such loans.