Tag: Emi

Several banks have already raised their borrowing rates and some will again increase their rates after this hike by the central bank.

Generally one should not borrow more than 5 times of their take-home annual income. You should also watch that your EMI obligation does not go beyond 40-50% of you monthly take home.

As Amazon, Flipkart and Paytm Mall are offering lucrative offers on purchase of Apple iPhone XS Max ahead of the festive season, people may get confused where to get the best deal. It is the right time to purchase Apple iPhone XS Max on these three platforms due to availability of low-cost/no-cost equated monthly installment […]

New Delhi: Within a day of RBI hiking the key lending rate, banks have started raising interest rates which will increase EMIs for auto, home and business loans. Some big lenders including SBI, ICICI Bank and HDFC Bank had increased their Marginal Cost of Funds Based Lending Rates (MCLR) in anticipation of RBI raising repo […]

Bhubaneswar: To stave off the economic hardships likely to arise out of the Coronavirus lockdown, the Reserve Bank of India today announced broad-based measures including liquidity infusion to the tune of Rs 3.74 lakh crore into the system. Moreover, the Central Bank also announced a three month moratorium on repayment of installments of all term […]

New Delhi: Unlike the public sector banks, customers of private banks and non-banking financial companies (NBFCs) would continue to pay EMIs on their term- loans unless a specific instruction is issued, as per the Covid-19 RBI package. Several private banks and NBFCs informed their customers on Wednesday that auto debit facility for loan instalment won’t […]