Fixed or Floating rate: Lending rates in India are currently at a decade low and are expected to remain so for the next one to one and a half years due to slow economic activity caused by the ongoing Covid-19 pandemic. However, since the second half of the fiscal year ended March 2021, there has…
What is an EMI and how is it calculated?
2021-06-11T11:41:17+05:30EMI: Rather than depleting your hard-earned savings, it is better to take out a loan to cover large financial expenses such as a wedding, home renovation, or any emergency expense. Applying for a loan from a bank or lending institution also allows you to repay it over time in regular installments known as equated monthly…