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 […]
With an increase in personal incomes, people who work outside their hometowns and live in metropolitan cities are on the look-out for home loans to purchase homes. They break away from the monthly rent payment cycle.. That opens the gates for individuals to think about buying a home and financing it through a home loan. […]
To address liquidity issues that individuals and business owners may face due to the spread of the Coronavirus pandemic and the ensuing lockdown. However, the RBI has recently instructed financial entities to grant a three-month moratorium to all borrowers/ lenders on their monthly installments or EMIS. The EMIs would be applicable between March 1st, 2020 […]
