What is an EMI? The EMI consists of the principal amount and the interest on the principal amount. It is calculated by taking into account the loan amount, the time frame for repaying the loan, and the interest rate on the borrowed sum. When it comes to purchasing a home, one of the most important […]
Housing Loan is the amount of money you borrow from a lender to buy a home. But paying off home loans along with the accrued interest within the stipulated period requires precise financial planning. It is essential to assess your repayment capability before opting for the loan to avoid any financial mess. In other words, […]
Owning a home is an important goal in a person’s life. But a lot of these goals remain unfulfilled due to various reasons, such as not having enough savings to pay their contribution, lack of access to financial support like home loan or household expenses along with the dreaded EMI. Before moving ahead, let’s understand […]
Taking on a loan of any kind is financial responsibility. It is a type of loan where the borrower needs to repay the loan based on the tenure chosen by the borrower. Most banks, housing finance companies, and non-banking finance companies offer a myriad of loans to finance the different needs of customers. While […]
