EMI

What is an EMI? The EMI or Equated Monthly Instalment is a fixed sum repaid on a predetermined date for a loan or mortgage. The Calculation of the EMI considers the sum borrowed, the term [...]

"Here's how you can reduce your current EMI." Life can be unpredictable; unexpected expenses can throw off even the most careful budgeting. Sudden expenses can leave you needing extra cash, whether it's a surprise medical [...]

The Equated Monthly Installement or EMI, as it is popularly known, is the fixed amount repaid monthly for credit issued by a Bank or NBFC. With an EMI, you can achieve your dreams by applying [...]

Loans are useful for funding various personal and business expenses. However, it is crucial to consider one’s repayment capacity before applying for a loan. Once a loan is approved and disbursed, the borrower must start [...]

The lending industry had come a long way – from when money lenders were the only source for borrowing funds. Records kept were hazy and repayment was haphazard with no accounting systems. Recovery of interest [...]

The EMI is a convenient method for repayment of credit; after receiving the loan from a Bank/NBFC, it is the prerogative of the applicant to ensure a timely repayment. An EMI default can cost dearly [...]