Tag: EMI

How EMI Is Calculated for a Personal Loan?

How EMI Is Calculated for a Personal Loan?

Finance
EMI is a crucial factor to determine when it comes to personal lending. It’ll help you know the exact cash outgo you’ll be required to make towards loan repayments until it’s paid fully. A personal loan is the Holy Grail for anyone in fiscal crises. Whether it’s an emergency medical surgery or new business requirement, a personal loan can help tide over it all and more. These are collateral-free loans with competitive interest rates, broad eligibility requirements, minimal documentation, no end usage restrictions, and speedy approvals and disbursals. However, a personal loan is also a liability just like any other lending option out there. The loan needs to be paid in full within a pre-agreed schedule. For each borrowed amount, you end up paying the principal, interest rates, processin...
Let’s Build Your Dream Home With House Financing

Let’s Build Your Dream Home With House Financing

Finance
Owning a home is a dream for every person but the huge cost involved in it makes it impossible for most people to turn it into reality. Housing loan in India has however helped in making this dream come true for a number of people. Home Loans may some like a lucrative deal but it comes with huge long-term responsibilities. So before jumping in to get one, the buyers should have a thorough knowledge about every aspect for Home Loans. Here are a few important Home Loan eligibility factors that a first-time buyer should keep in mind to qualify: Choice of Bank- Choosing the Home Loan provider is of utmost importance as one has to go in for a long-term relationship with them. Buyers should compare the not only the interest rates of different banks but also look into the other features ...

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